Renovated Triplex with Separate
For Sale
$850,000
1000 NW 39th St, Miami, FL 33127
Three-unit property with updated interiors, central air, impact windows, and private utility metering for each residence.
Property Size1,904 SF
Price / SF$446.43
Days on Market52
Property Features for 1000 NW 39th St
General Information
Standard status
Active
Size
1,904 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$5,137
Building Details
Building Size
1,904 SF
Year Built
1955
Listing Agency:
Design Realty & Management Inc
Listed By:
Johnnie Allen · License #0433488
(305) 757-7067
Source:
Allyandaj
Added: Aug 18
Changed: Sep 25
Last Checked: Oct 7 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Design Realty & Management Inc
Investment Insights
Based on property information with market context.
This renovated triplex at 1000 NW 39th St in Miami includes two two-bedroom, one-bath units and a studio. Improvements include impact windows, central air, wood cabinetry, granite countertops, and stainless-steel appliances. Each residence has its own electric meter and water meter, and the property is enclosed by fencing.
The property is near Midtown and within a few miles of South Beach. Walk Score is 98, reflecting a Walker’s Paradise, while Bike Score is 84 and Transit Score is 50. The address provides access to Miami’s urban amenities and transportation options without relying solely on a vehicle.
The property is near Midtown and within a few miles of South Beach. Walk Score is 98, reflecting a Walker’s Paradise, while Bike Score is 84 and Transit Score is 50. The address provides access to Miami’s urban amenities and transportation options without relying solely on a vehicle.
Key Highlights
- Triplex configuration with two 2/1 units and one studio
- Renovated interiors with wood cabinets and granite countertops
- Impact windows and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,186
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,720
$763.7K
Cap Rate 7%
$545,514
$545.5K
Cap Rate 9%
$424,289
$424.3K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$58.3K $30.60/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$54.6K $28.65/SF
− OpEx
−$16.4K −$8.60/SF
NOI
$38.2K $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 Rate 5%
$763,720
Cap Rate 7%
$545,514
Cap Rate 9%
$424,289
Alternative Uses
Best Use
Multifamily LT 5
$545.5K
$477.3K – $636.4K
NOI $38,186 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$502.5K
$439.7K – $586.2K
NOI $35,173 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$1.29M
$1.12M – $1.50M
NOI $89,965 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,602
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated interiors, central air, impact windows, and private utility metering for each residence.
Where is this triplex located?
The property is located at 1000 NW 39th St Miami, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Triplex configuration with two 2/1 units and one studio; Renovated interiors with wood cabinets and granite countertops; Impact windows and central air
