Multi-Unit Residential Income
1111 Northwest 26th Street Miami, FL 33127
For Sale
$595,000
Three-unit residential setup with a 3-bedroom main home plus a 2-bedroom and 1-bedroom efficiency.
Property Size1,617 SF
Price / SF$367.97
Days on Market89
Property Features for 1111 Northwest 26th Street
General Information
- Standard status
- Active
- Size
- 1,617 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1930
Listing Agency:
Certezza Realty LLC
(305) 423-2394
Listed By:
Juan Arreaza Bustamante · License #3461354
(305) 423-2394
Source:
Compass
Added: Apr 26
Changed: Jul 20
Last Checked: Jul 23 at 9:04AM
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 Certezza Realty LLC
Investment Insights
Based on property information with market context.
This property offers a versatile multi-unit configuration, including a 3-bedroom, 1-bath main home, a 2-bedroom, 2-bath unit, and a 1-bedroom, 1-bath efficiency. The setup is designed to support flexible living arrangements alongside rental income, all situated on a spacious lot.
The property is listed for sale at 1111 Northwest 26th Street in Miami, FL. The public remarks also reference a project that is almost approved for a modern duplex, with the duplex consisting of two units at 1111 NW 26th St and 1113 NW 26th St.
For buyers evaluating an income-focused residential asset or a potential duplex redevelopment path, this multi-unit offering provides an on-site mix of layouts and bedrooms across three distinct units.
The property is listed for sale at 1111 Northwest 26th Street in Miami, FL. The public remarks also reference a project that is almost approved for a modern duplex, with the duplex consisting of two units at 1111 NW 26th St and 1113 NW 26th St.
For buyers evaluating an income-focused residential asset or a potential duplex redevelopment path, this multi-unit offering provides an on-site mix of layouts and bedrooms across three distinct units.
Key Highlights
- Multi‑unit residential setup built in 1930: 3‑bedroom, 1‑bath main home plus a 2‑bedroom, 2‑bath unit and a 1‑bedroom, 1‑bath efficiency
- Property includes three separate units for flexible living or rental income
- A project described as almost approved for a modern duplex up to 5,400 SF
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 | $49.5k | $30.60 |
| − Vacancy | −$3.2k | −$1.95 |
| EGI | $46.3k | $28.65 |
| − OpEx | −$13.9k | −$8.60 |
| NOI | $32.4k | $20.06 |
1,617 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$463.3K
$405.4K – $540.5K
NOI $32,430 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$426.7K
$373.4K – $497.9K
NOI $29,871 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$1.09M
$955.1K – $1.27M
NOI $76,404 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit residential setup with a 3-bedroom main home plus a 2-bedroom and 1-bedroom efficiency.
Where is this triplex located?
The property is located at 1111 Northwest 26th Street Miami, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Multi‑unit residential setup built in 1930: 3‑bedroom, 1‑bath main home plus a 2‑bedroom, 2‑bath unit and a 1‑bedroom, 1‑bath efficiency; Property includes three separate units for flexible living or rental income; A project described as almost approved for a modern duplex up to 5,400 SF
