Triplex with
For Sale
$699,999
1102 NW 103rd St, Miami, FL 33150
Residential Income, Miami, FL
Property Size2,195 SF
Price / SF$318.91
Days on Market38
Property Features for 1102 NW 103rd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 2
Parking
4
Patio and Porch features
Patio
Exterior features
Patio
Subdivision
2ND
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-02-007-0010
Size
2,195 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
2ND RESUB N SILVER CREST PB 40-24 LOT 1 BLK 1 LOT SIZE 75.000 X 102 OR 18829-2281 1099 1
Tax Annual Amount
10594
Legal Description
2ND RESUB N SILVER CREST PB 40-24 LOT 1 BLK 1 LOT SIZE 75.000 X 102 OR 18829-2281 1099 1
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
The Keyes Company
(954) 475-9813
Listed By:
Kelvin Ching · License #3298166
(954) 249-8129
Added: Jul 18
Changed: Aug 19
Last Checked: Aug 24 at 4:06PM
MLS# A12047050
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 triplex features block construction and tile flooring. The exterior includes a patio, and the home is served by public water and a public sewer system. Interior comfort is supported by electric heating and central air conditioning, with ceiling fans included.
The property is situated on a corner lot and was built in 1945. Roof type is shingle. The unit mix and room configuration are detailed in the available materials, including multiple bedrooms and bathrooms across the property.
With a total size of 2,195 square feet, this asset is designed for an income-focused ownership structure as a triplex in Miami’s 33150 area.
The property is situated on a corner lot and was built in 1945. Roof type is shingle. The unit mix and room configuration are detailed in the available materials, including multiple bedrooms and bathrooms across the property.
With a total size of 2,195 square feet, this asset is designed for an income-focused ownership structure as a triplex in Miami’s 33150 area.
Key Highlights
- 2,195 SF triplex built in 1945
- Corner lot triplex configuration with patio
- Block construction with tile flooring
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
$44,022
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
6.29%
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%
$880,440
$880.4K
Cap Rate 7%
$628,886
$628.9K
Cap Rate 9%
$489,133
$489.1K
Market Conditions
NOI Build-Up for 2,195 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
$67.2K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$62.9K $28.65/SF
− OpEx
−$18.9K −$8.60/SF
NOI
$44.0K $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%
$880,440
Cap Rate 7%
$628,886
Cap Rate 9%
$489,133
Alternative Uses
Best Use
Multifamily LT 5
$628.9K
$550.3K – $733.7K
NOI $44,022 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$579.3K
$506.9K – $675.8K
NOI $40,549 @ 7.0% cap · market cap 5.79%
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,715 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
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 - Triplex on a corner lot with patio, block construction, and central electric HVAC systems on public water and sewer.
Where is this triplex located?
The property is located at 1102 NW 103rd St Miami, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 2,195 SF triplex built in 1945; Corner lot triplex configuration with patio; Block construction with tile flooring
