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840-858 NW 4th St 9 Unit Apartment Building $3,614,702 CAD ($401,634 CAD/Unit) Miami, FL 33128
Executive Summary
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 unit mix rarely found 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 underlying land fundamentals, meaningful in-place 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.
Acquire the land. Capture the income. Position yourself ahead of the next wave of Little Havana development.
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 unit mix rarely found 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 underlying land fundamentals, meaningful in-place 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.
Acquire the land. Capture the income. Position yourself ahead of the next wave of Little Havana development.
Property Facts
| Price | $3,614,702 CAD | Building Class | C |
| Price Per Unit | $401,634 CAD | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 8,312 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1948 |
| Apartment Style | Low-Rise | Parking Ratio | 1.44/1,000 SF |
| Zoning | R-3 | ||
| Price | $3,614,702 CAD |
| Price Per Unit | $401,634 CAD |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 8,312 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R-3 |
Amenities
Site Amenities
- 24 Hour Access
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 3+2 | 3 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01-4138-003-3740 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,436,773 CAD |
Property Taxes
Parcel Number
01-4138-003-3740
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,436,773 CAD
Contacts
-
Christopher Carbonell -
Mauricio Villasuso -
Fausto Commercial Realty Consultants
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840-858 NW 4th St
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