6326 NW 4th Ave, Miami FL 33150 | Miami-Dade County | A12019354

6326 NW 4th Ave, Miami FL 33150

Active Residential Income

$595,000

3 More

1976 Sq Ft
Area Size

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Active Residential Income

6326 NW 4th Ave, Miami FL 33150 | Miami-Dade County | A12019354

6326 NW 4th Ave, Miami FL 33150

$595,000

Description

Great opportunity to acquire a cash-flowing multifamily property in the emerging Little River neighborhood of Miami. This legal triplex is currently operating as a non-conforming fourplex, with three units rented and one vacant, offering immediate income with additional upside. Property Breakdown: Unit 1: 2 Bed / 1 Bath – Rented for $1,500/month Unit 2: 1 Bed / 1 Bath – Rented for $1,200/month Unit 3: 1 Bed / 1 Bath – Rented for $1,000/month Unit 4: 2 Bed / 1 Bath – Currently vacant, needs light work Total Current Annual Gross Rent: $44,400 with potential to increase upon leasing the vacant unit to $62,400. Lot Size: ±5,720 SF Located just minutes from Wynwood, Little Haiti, Design District, and Midtown, this centrally located property provides stable income and long-term value in one of Miami’s fastest-growing submarkets. Ideal for investors seeking cash flow with light value-add potential. Buyer to verify zoning and rental compliance.

Property Overview

This quadruplex at 6326 NW 4th Ave in Miami offers a strong income-producing opportunity in a well-located and rapidly developing part of the city. Currently operating as a four-unit property under a non-conforming configuration, it features three currently leased units: a 2-bedroom/1-bathroom unit rented for $1,500/month, a 1-bedroom/1-bathroom unit for $1,200/month, and another 1-bedroom/1-bathroom unit for $1,000/month. The fourth unit, a 2-bedroom/1-bathroom, is vacant and in need of light work. This results in an annual gross income of approximately $44,400, with potential to increase to $62,400 with the vacant unit leased at market rate. The property sits on a 5,720-square-foot lot and was built in 1929. Situated in the emerging Little River neighborhood, the property is close to the Design District, Midtown, Wynwood, and Little Haiti—areas that continue to attract growth and investment. With 1,976 square feet of living space and a total listing price of $595,000, this is a compelling opportunity for investors looking to capitalize on Miami’s evolving real estate market. Zoning and rental compliance should be verified by the buyer, as this property offers a blend of immediate cash flow and value-add potential.

Frequently Asked Questions

How many units are currently rented, and what are their monthly rents?

Three units are currently rented: Unit 1 for $1,500/month, Unit 2 for $1,200/month, and Unit 3 for $1,000/month. Unit 4 is vacant and needs light work.

What is the current annual gross rental income?

The current annual gross rent from the three occupied units is $44,400. If the vacant unit is leased, the potential annual gross income could reach $62,400.

Is this property zoned for four units, or is it a non-conforming fourplex?

The property is currently operating as a non-conforming fourplex. Buyer should verify zoning and rental compliance before purchase.

What is the location and what are the nearby neighborhoods?

The property is located at 6326 NW 4th Ave, Miami FL 33150, in the emerging Little River neighborhood. It is minutes away from Wynwood, Little Haiti, the Design District, and Midtown.

What is the lot size and is there potential for value-add improvements?

The lot size is approximately 5,720 square feet. The property offers light value-add potential, particularly with the vacant unit which needs some work.