Income-Generating Triplex with Three
For Sale
$1,200,000
10128 W Fern St, Miami, FL 33157
Triplex features two attached 3-bedroom/2-bath units and a detached 2-bedroom/1-bath unit.
Property Size3,255 SF
Lot Size0.16 Acres
Days on Market108
Property Features for 10128 W Fern St
General Information
Standard status
Active
Size
3,255 SF
Lot size
0.16 Acres
Property subtype
Triplex
Occupancy
67%
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,800
Building Details
Building Size
3,255 SF
Year Built
2024
Tenancy
Multi
Listing Agency:
My Realty Group, LLC.
Listed By:
Karla Hycert · License #3534601
(305) 778-1619
Source:
Relinkre
Added: Jul 14
Changed: Oct 25
Last Checked: Oct 28 at 2:08PM
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 My Realty Group, LLC.
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Investment Insights
Based on property information with market context.
This income-producing triplex includes three units in a configuration of two attached residences and one detached unit. Each attached unit offers 3 bedrooms and 2 bathrooms, providing the same layout in a side-by-side arrangement. The detached unit features 2 bedrooms and 1 bathroom.
The property is located at 10128 W Fern St in Miami, Florida. Two of the units are currently tenant-occupied through the Section 8 program, supporting immediate rental income.
Bike Score is listed as 51 (Bikeable), with Walk Score at 72 (Very Walkable) and Transit Score at 33 (Some Transit).
The property is located at 10128 W Fern St in Miami, Florida. Two of the units are currently tenant-occupied through the Section 8 program, supporting immediate rental income.
Bike Score is listed as 51 (Bikeable), with Walk Score at 72 (Very Walkable) and Transit Score at 33 (Some Transit).
Key Highlights
- Newer triplex built in 2024 on a 7,050 sq. ft. lot
- Two attached units offer 3 bedrooms and 2 bathrooms each
- One detached unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,689
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,780
$1.4M
Cap Rate 7%
$981,271
$981.3K
Cap Rate 9%
$763,211
$763.2K
Market Conditions
NOI Build-Up for 3,255 SF
Gross rent
$103.5K $31.80/SF
− Vacancy
−$5.4K −$1.65/SF
EGI
$98.1K $30.15/SF
− OpEx
−$29.4K −$9.04/SF
NOI
$68.7K $21.10/SF
Area
ZIP 33157
Vacancy
5.20%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,780
Cap Rate 7%
$981,271
Cap Rate 9%
$763,211
Alternative Uses
Best Use
Multifamily LT 5
$981.3K
$858.6K – $1.14M
NOI $68,689 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$857.2K
$750.0K – $1.00M
NOI $60,002 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,598 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
66.7%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
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Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
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
Frequently Asked Questions
What type of property is this?
Triplex - Triplex features two attached 3-bedroom/2-bath units and a detached 2-bedroom/1-bath unit.
Where is this triplex located?
The property is located at 10128 W Fern St Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Newer triplex built in 2024 on a 7,050 sq. ft. lot; Two attached units offer 3 bedrooms and 2 bathrooms each; One detached unit offers 2 bedrooms and 1 bathroom
