Apartments

128 NW 9th Avenue

128 NW 9th Avenue

Miami

, FL

 

1200000

6

# of Units

4.52%

Cap Rate

$383.39

Price Per Sq. Ft.

$200,000

Price per Unit

128 NW 9th Avenue

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

Listed By

Lead Agent

Sofee M. Desai

Associate Investments

sofee.desai@marcusmillichap.com
Phone: (954) 245-3407
License: LICENSE: FL SL3621907

Felipe J. Echarte

Senior Managing Director Investments

felipe.echarte@marcusmillichap.com
Phone: (954) 245-3444
License: FL: SL696115

Evan P. Kristol

Executive Managing Director Investments

evan.kristol@marcusmillichap.com
Phone: (954) 245-3459
License: FL: SL640466

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Contact Us

The Kristol Group

5900 North Andrews Avenue
Suite 100
Fort Lauderdale, FL 33309
954-245-3400
info@kristolgroup.com