Three-Unit Triplex with Oversized
For Sale
$839,900
2815 NW 14th St, Miami, FL 33125
Residential Income, Miami, FL
Property Size2,024 SF
Lot Size0.24 Acres
Price / SF$414.97
Days on Market22
Property Features for 2815 NW 14th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Parking
4
Subdivision
OAKHURST
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-33-010-0100
Size
2,024 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
OAKHURST PB 9-142 LOT 10 LESS S10FT BLK 1 LOT SIZE 60.000 X 175
Tax Annual Amount
9722
Legal Description
OAKHURST PB 9-142 LOT 10 LESS S10FT BLK 1 LOT SIZE 60.000 X 175
Utilities
Sewer type
Public Sewer
Heating system
Central, Wall Furnace
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1953
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Barrel
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Daniel Fernandez · License #3596493
(305) 206-8490
Added: Jul 30
Changed: Aug 20
Last Checked: Aug 20 at 2:06PM
MLS# A12062415
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 three-unit triplex is situated on an oversized 10,500 square foot lot and includes an existing structure with three income-producing units. The property features block construction, tile flooring, and a barrel roof. Heating options include central and wall furnace, with cooling provided by central air plus window and wall/window units.
The home is located at 2815 NW 14th St, Miami, FL 33125 in Miami-Dade County, near Freedom Park and LoanDepot Park, with proximity to the airport and to Coral Gables and Brickell. Sewer service is provided by the public sewer system.
Built in 1953, the property is positioned for investors seeking current rental cash flow and the ability to improve the existing units over time.
The home is located at 2815 NW 14th St, Miami, FL 33125 in Miami-Dade County, near Freedom Park and LoanDepot Park, with proximity to the airport and to Coral Gables and Brickell. Sewer service is provided by the public sewer system.
Built in 1953, the property is positioned for investors seeking current rental cash flow and the ability to improve the existing units over time.
Key Highlights
- Oversized 10,500 square foot lot with three income‑producing units
- Block construction and tile flooring
- Barrel roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,592
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$811,840
$811.8K
Cap Rate 7%
$579,886
$579.9K
Cap Rate 9%
$451,022
$451.0K
Market Conditions
NOI Build-Up for 2,024 SF
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.
Gross rent
$61.9K $30.60/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$58.0K $28.65/SF
− OpEx
−$17.4K −$8.60/SF
NOI
$40.6K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$811,840
Cap Rate 7%
$579,886
Cap Rate 9%
$451,022
Alternative Uses
Best Use
Multifamily LT 5
$579.9K
$507.4K – $676.5K
NOI $40,592 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$534.1K
$467.4K – $623.2K
NOI $37,390 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.59M
NOI $95,635 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex on an oversized lot with public sewer and multiple heating and cooling options.
Where is this triplex located?
The property is located at 2815 NW 14th St Miami, FL.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: Oversized 10,500 square foot lot with three income‑producing units; Block construction and tile flooring; Barrel roof
