840 NW 4th St, Miami, FL 33128 — MLS photo

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840 NW 4th St, Miami, FL 33128

Active · MultiFamily

$2,600,000

840 NW 4th St, Miami, FL 33128

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1948
Lot size
15,000 sq ft
HOA fee
—
Annual tax
—

About this property

Rare Little Havana / Miami River Multifamily Opportunity Positioned in one of Miami’s most active growth corridors, 840 NW 4 Street offers investors and developers a rare opportunity to secure a 15,000 SF land hold just steps from the Miami River and minutes from Downtown Miami, Brickell, the Medical District, and Calle Ocho. Surrounded by established mid-rise development and with additional projects underway throughout the immediate area, this asset sits directly in the path of Little Havana’s next wave of growth. Whether held for long-term land appreciation, improved to maximize rental income, or repositioned as part of a larger investment strategy, the property offers multiple paths to value creation. The existing building consists of 9 total units, including six 2-bedroom/1-bath units and three townhouse-style 3-bedroom/2-bath units — a rare unit mix in this submarket. The property has been well kept and features durable CBS construction, recently replaced modern windows, a recently replaced roof, PVC plumbing, and on-site parking for all units, an increasingly rare amenity in Little Havana. With strong land fundamentals, meaningful improvements, and clear upside through targeted aesthetic upgrades, 840 NW 4 Street is ideal for investors seeking immediate income potential and developers looking to establish or expand their position in one of Miami’s most dynamic urban neighborhoods. Position yourself ahead of the next wave of Little Havana development.

Property location

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840 NW 4th St, Miami, FL 33128

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Facts & features

Interior

Bathrooms
0
Flooring
Tile
Cooling
Central Air, Wall Window Units
Heating
Central, Electric, Window Unit, Wall Furnace

Exterior & Structure

Property type
MultiFamily
Year built
1948
Lot size
15,000 sq ft
Construction
Block

Parking

Covered spaces
0

HOA, Community & Financials

Security
Smoke Detectors
County
Miami-Dade
Days on market
6
MLS listing ID
A12026825
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$5,089

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$12,325/mo
Down payment
$650,000
Loan amount
$1,950,000
Annual NOI
$86,840

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.