Triplex with Two-Story Rear
2528 SW 16th St Miami, FL 33145
2528 SW 16th St, Miami, FL, 33145
$1,000,000
For Sale
$1,000,000
MULTI_FAMILY - Miami, FL
Property Size1,718 SF
Price / SF$582.07
Days on Market45
Property Features for 2528 SW 16th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Parking
- 4
- Standard status
- Active
- APN
- 01-41-10-002-1560
- Size
- 1,718 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GRAPELAND SUB REV PB 3-196 LOT 4 LESS N10FT TO CITY BLK 8 LOT SIZE 50.000 X 144 OR 13047-517 1086 1
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
Building Details
- Year built
- 1928
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Brick, Block
- Roof type
- Shingle
Listing Agency
Real Estate Sales Force
(305) 392-1497
814 Ponce De Leon Blvd Suite 503, Coral Gables, FL
Listed by
Ricardo Herrera · License #3477753
(786) 339-1010
Added: Jun 4 Checked: Jul 18 at 5:06 pm
MLS# A11996916
Listing URL
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-producing triplex includes a 2/1 single-family house in the front and a two-story property in the rear with two apartments. The downstairs rear unit is 1/1 and owner occupied, and it has a second bedroom and bath addition. The upstairs rear unit is 1/1 and tenant occupied.
The property sits on a large lot with multi-family zoning. A driveway provides space for approximately four cars, and the rear portion of the lot has a gated entry.
The overall configuration offers separate living units across the front and rear buildings, with the rear apartments arranged vertically on two levels.
The property sits on a large lot with multi-family zoning. A driveway provides space for approximately four cars, and the rear portion of the lot has a gated entry.
The overall configuration offers separate living units across the front and rear buildings, with the rear apartments arranged vertically on two levels.
Key Highlights
- Income‑producing layout: 2/1 single house in front and two‑story back property with two apartments
- Back property has a downstairs 1/1 owner‑occupied unit with a 2nd bedroom and bath addition, plus an upstairs 1/1 tenant‑occupied unit
- Large lot with driveway space for 4 cars and gate entry to the back property
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.6k | $30.60 |
| − Vacancy | −$3.3k | −$1.95 |
| EGI | $49.2k | $28.65 |
| − OpEx | −$14.8k | −$8.60 |
| NOI | $34.5k | $20.06 |
1,718 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.2K
$430.7K – $574.3K
NOI $34,455 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$453.4K
$396.7K – $529.0K
NOI $31,737 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,176 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Front 2/1 house plus two back apartments, including one owner-occupied unit, on a large lot with driveway parking.
Where is this triplex located?
The property is located at 2528 SW 16th St Miami, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Income‑producing layout: 2/1 single house in front and two‑story back property with two apartments; Back property has a downstairs 1/1 owner‑occupied unit with a 2nd bedroom and bath addition, plus an upstairs 1/1 tenant‑occupied unit; Large lot with driveway space for 4 cars and gate entry to the back property
