Investment 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.