Triplex with Mixed Bedroom
For Sale
$509,000
1111 NW 26th St, Miami, FL 33127
MULTI_FAMILY - Miami, FL
Property Size1,617 SF
Price / SF$314.78
Days on Market48
Property Features for 1111 NW 26th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2
Parking
4
Subdivision
BON AIRE
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-26-051-0662
Size
1,617 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
BON AIRE PB 7-12 LOT 15 & E1/2 LOT 16 BLK 4 LOT SIZE 75.00 X 100.00 OR 10680-1571 0380 1
Tax Annual Amount
9527
Legal Description
BON AIRE PB 7-12 LOT 15 & E1/2 LOT 16 BLK 4 LOT SIZE 75.00 X 100.00 OR 10680-1571 0380 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1930
Floors in Building
1
Flooring type
Tile
Building materials
Frame, Stucco
Roof type
Shingle
Listing Agency:
Certezza Realty LLC
(305) 744-2195
Listed By:
Juan Arreaza Bustamante · License #3461354
(305) 744-2195
Added: Jul 8
Changed: Aug 3
Last Checked: Aug 24 at 11:06AM
MLS# A12009307
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 offers a flexible multi-unit layout with three distinct living configurations: a main home with three bedrooms and one bathroom, a separate unit with two bedrooms and two bathrooms, and a one-bedroom, one-bath efficiency. The property is framed with stucco construction and features tile flooring. Cooling is provided through window unit(s) / wall or window unit(s), and the roof is shingle. The home connects to public sewer, and cable is available.
A duplex project is also referenced as almost approved for up to 5,400 SF, with the duplex consisting of two addresses: 1111 NW 26th St and 1113 NW 26th St.
Built in 1930, this property is suited for either owner-occupancy or rental-focused use where tenants can be separated by unit type and bedroom count.
A duplex project is also referenced as almost approved for up to 5,400 SF, with the duplex consisting of two addresses: 1111 NW 26th St and 1113 NW 26th St.
Built in 1930, this property is suited for either owner-occupancy or rental-focused use where tenants can be separated by unit type and bedroom count.
Key Highlights
- Triplex with three configurations: three‑bed one‑bath, two‑bed two‑bath, and one‑bed one‑bath efficiency
- Frame and stucco construction with shingle roof
- Tile flooring throughout
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
$32,430
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
6.37%
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%
$648,600
$648.6K
Cap Rate 7%
$463,286
$463.3K
Cap Rate 9%
$360,333
$360.3K
Market Conditions
NOI Build-Up for 1,617 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
$49.5K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$46.3K $28.65/SF
− OpEx
−$13.9K −$8.60/SF
NOI
$32.4K $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%
$648,600
Cap Rate 7%
$463,286
Cap Rate 9%
$360,333
Alternative Uses
Best Use
Multifamily LT 5
$463.3K
$405.4K – $540.5K
NOI $32,430 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$426.7K
$373.4K – $497.9K
NOI $29,871 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$1.09M
$955.1K – $1.27M
NOI $76,404 @ 7.0% cap · market cap 15.01%
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
2,850
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
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 income property with tile floors, window unit cooling, and public sewer with cable available.
Where is this triplex located?
The property is located at 1111 NW 26th St Miami, FL.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Triplex with three configurations: three‑bed one‑bath, two‑bed two‑bath, and one‑bed one‑bath efficiency; Frame and stucco construction with shingle roof; Tile flooring throughout
