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Multifamily

128 NW 9th Avenue

128 NW 9th Ave, Miami, FL 33128

Listing Price: $1,200,000

Cap Rate
4.52%
Number of Units
6
GRM
8.00
Occupancy
95.0%
Price/Unit
$200,000
Price/Gross SF
$383.39
Gross SF
3,130

Investment Overview

128 NW 9th Avenue is an exceptionally located multifamily property in the vibrant heart of Miami’s central district. This six-unit building offers a diverse unit mix of studios, two-bedroom, and three-bedroom units. With 12 individual tenants across the six units, the property effectively operates with up to 12 separate rent-paying occupants, reducing income volatility and maintaining stability even if a room becomes vacant in a fluctuating market.

Located just three blocks from the scenic Miami River and less than a mile from LoanDepot Stadium, the property benefits from proximity to major employment hubs and entertainment venues. Positioned only one block north of Flagler Street—a primary arterial road—residents enjoy easy access to public transit, shopping, dining, and vibrant nightlife. The property is also located within a block of several neighborhood amenities including Henderson Park and the Victoria Nursing & Rehabilitation Center.

With strong location fundamentals, a solid tenant mix, and a sizable 4,600 square foot lot, 128 NW 9th Avenue offers significant upside potential through rent growth and operational enhancements. This makes it an attractive value-add opportunity for investors looking to capitalize on Miami’s thriving multifamily market.

Investment Highlights

  • Diverse unit mix of studios, two-bedroom, and three-bedroom units
  • Close proximity to parks, schools and major employment drivers
  • Less than a mile from LoanDepot Stadium
  • Just three blocks West of the Miami River
  • Just one block North of West Flagler Street
  • Ability to increase rental income

Exclusively Listed By

Multifamily

128 NW 9th Avenue

Listing Price: $1,200,000

Cap Rate
4.52%
Number of Units
6
GRM
8.00
Occupancy
95.0%
Price/Unit
$200,000
Price/Gross SF
$383.39
Gross SF
3,130

Investment Highlights

  • Diverse unit mix of studios, two-bedroom, and three-bedroom units
  • Close proximity to parks, schools and major employment drivers
  • Less than a mile from LoanDepot Stadium
  • Just three blocks West of the Miami River
  • Just one block North of West Flagler Street
  • Ability to increase rental income

Investment Overview

128 NW 9th Avenue is an exceptionally located multifamily property in the vibrant heart of Miami’s central district. This six-unit building offers a diverse unit mix of studios, two-bedroom, and three-bedroom units. With 12 individual tenants across the six units, the property effectively operates with up to 12 separate rent-paying occupants, reducing income volatility and maintaining stability even if a room becomes vacant in a fluctuating market. Located just three blocks from the scenic Miami River and less than a mile from LoanDepot Stadium, the property benefits from proximity to major employment hubs and entertainment venues. Positioned only one block north of Flagler Street—a primary arterial road—residents enjoy easy access to public transit, shopping, dining, and vibrant nightlife. The property is also located within a block of several neighborhood amenities including Henderson Park and the Victoria Nursing & Rehabilitation Center. With strong location fundamentals, a solid tenant mix, and a sizable 4,600 square foot lot, 128 NW 9th Avenue offers significant upside potential through rent growth and operational enhancements. This makes it an attractive value-add opportunity for investors looking to capitalize on Miami’s thriving multifamily market.

Exclusively Listed By

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