All listings
Active
Active1 / 40
Photo 1 of 40
Single Family Residence
$950,000$646 / sqft
3840 NW 12th St, Miami FL 33126
Listed
7
Bedrooms
5
Bathrooms
1,471 sqft
Interior
1947
Year built
None
HOA
Single Family Residence
Type
About this home
RARE INVESTMENT OPPORTUNITY! This versatile single family property offers a total of 7 bedrooms and 5 bathrooms, featuring a main residence plus 4 additional units with excellent potential for rental income or multigenerational living. The main residence features 2 bedrooms and 1 bathroom, complemented by three additional units, each offering 1 bedroom and 1 bathroom, plus a fourth unit featuring 2 bedrooms and 1 bathroom. This unique layout provides multiple possibilities for owner-occupants, investors, or buyers seeking additional income opportunities. The property features a spacious, fully fenced lot, a concrete driveway, a shaded backyard, and an outdoor kitchen perfect for entertaining family and friends. Conveniently located near Downtown Miami, Coral Gables, loan Marlins Park, Bayside, Miami International Airport, and major highways. A unique opportunity to own a property with flexible living arrangements and income producing potential in the heart of Miami. Buyer to independently verify zoning, legal use, permits, licensing requirements, and rental restrictions for all units.
Features
- First Floor Entry
- Family Room
- Utility Room/Laundry
- Barbeque
- Fruit Trees
- None
- Other
Leasing
- Minimum lease
- Not stated
- Ok To Lease
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 7-bed rentals across Miami-Dade, from 19 active listings; the middle half ask $18,000–$70,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.