Multifamily
For Sale
$820,000
984 SW 6th Street, Miami, FL 33130
Miami property with existing improvements constructed in 1947.
Property Size2,047 SF
Price / SF$407.55
Days on Market50
Property Features for 984 SW 6th Street
General Information
Standard status
Active
Size
2,047 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
3900
Taxes and HOA fees
Annual Taxes
$11,889
Building Details
Building Size
2,047 SF
Year Built
1947
Stories
2
Listing Agency:
Real Estate Sales Force
Listed By:
Ismaris M Texidor · License #3170107
(786) 647-0688
Source:
Laerrealty
Added: Sep 2
Changed: Oct 1
Last Checked: Oct 20 at 5:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Sales Force
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is located at 984 SW 6th Street in Miami, Florida. The existing improvements were constructed in 1947 and have a reported property size of 2,012.
The asset is positioned within the 33130 ZIP code, providing an established Miami address for a residential income property. Its classification supports evaluation as a multifamily asset, subject to independent review of the property, municipal requirements, and applicable records.
The asset is positioned within the 33130 ZIP code, providing an established Miami address for a residential income property. Its classification supports evaluation as a multifamily asset, subject to independent review of the property, municipal requirements, and applicable records.
Key Highlights
- Reported property size of 2,012
- Existing improvements constructed in 1947
- Located at 984 SW 6th Street, Miami, FL 33130
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,168
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,360
$743.4K
Cap Rate 7%
$530,971
$531.0K
Cap Rate 9%
$412,978
$413.0K
Market Conditions
NOI Build-Up for 2,012 SF
Gross rent
$72.4K $36.00/SF
− Vacancy
−$4.9K −$2.41/SF
EGI
$67.6K $33.59/SF
− OpEx
−$30.4K −$15.11/SF
NOI
$37.2K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,360
Cap Rate 7%
$530,971
Cap Rate 9%
$412,978
Alternative Uses
Best Use
Apartment 5plus
$531.0K
$464.6K – $619.5K
NOI $37,168 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $95,068 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Miami property with existing improvements constructed in 1947.
Where is this multifamily property located?
The property is located at 984 SW 6th Street Miami, FL.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Reported property size of 2,012; Existing improvements constructed in 1947; Located at 984 SW 6th Street, Miami, FL 33130
