945 SW 4th St - Apartments FOR SALE


Miami, FL 33130- Little Havana
$1,650,000 USD
305-345-7776
945 SW 4th St, Miami, FL for Sale
$1,650,000 USD
Apartments - FOR SALE
1/11
null | 5.36% Cap Rate

945 SW 4th St
Miami, FL 33130
Little Havana


HIGHLIGHTS

  • Fully leased, stabilized, cash-flowing six-unit multifamily property
  • Recent upgrades: new roof and impact-resistant window
  • Passed 40- and 50-year recertifications; excellent structural condition
  • Priced advantageously at $275,000 per unit
  • Located in Little Havana, near Downtown and Brickell

OVERVIEW

Marcus & Millichap is pleased to present for sale 945 SW 4th Street, a fully leased, recently renovated six-unit multifamily property located in the heart of Little Havana, one of Miami’s most culturally dynamic and historically resilient rental markets. The asset offers investors a rare opportunity to acquire a stabilized, cash-flowing property with immediate yield and additional upside through market-rate rent growth. Built in 1973 and fully renovated in 2024, the two-story concrete block building comprises six 2-bedroom/1-bath units totaling 3,712 rentable square feet on a 7,500 square-foot lot. Recent upgrades include a new roof, impact-resistant windows, refreshed unit interiors, and modernized common areas, allowing for minimal near-term capital expenditure. The property has passed both its 40- and 50-year recertifications, underscoring its excellent structural condition. On-site amenities include laundry facilities and seven dedicated parking spaces. Current occupancy is 100 percent. Nestled between Downtown Miami and Brickell, Little Havana continues to attract strong renter demand from working professionals seeking proximity to Miami’s employment centers and transit corridors at a discount to Brickell and Coral Gables pricing. The submarket benefits from limited new supply and stable Class B/C occupancy exceeding 95 percent. According to Marcus & Millichap’s 2025 Market Report, Miami-Dade’s metro vacancy fell to 4.3 percent, while effective rents rose 3.1 percent year-over-year, reflecting sustained migration and employment growth in knowledge and service sectors.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$445 USD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-4, Miami

APN/PARCEL ID

01-4138-003-1530

ASK ABOUT THIS PROPERTY

Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

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Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.