Newer Duplex with Two 3/2
1126 NW 3rd St Miami, FL 33128
1126 NW 3rd St, Miami, FL, 33128
$895,000
For Sale
Under Contract
$895,000
MULTI_FAMILY - Miami, FL
Property Size2,881 SF
Price / SF$310.66
Days on Market42
Property Features for 1126 NW 3rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Parking
- 4
- Standard status
- Active Under Contract
- APN
- 01-41-02-005-1750
- Size
- 2,881 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SOSTS SUB PB B-27 N100FT LOTS 19 & 20 & S35FT OF LOT 2 AKA PARCEL 19-6 BLK 11 73R-61118 LOT SIZE IRREGULAR
- Tax Annual Amount
- 12700
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2003
- Floors in Building
- 1
- Flooring type
- Laminate, Tile - Ceramic
- Building materials
- Block
- Roof type
- Barrel
Listing agency
Ronald N Sadaka R.E Broker
(305) 209-4904
Listed by
Ronald Sadaka · License #0267577
(561) 252-0432
Added: Jun 11 Updated: Jul 18 at 1:40AM Checked: Jul 22 at 8:06AM
MLS# A11990282
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 newer duplex features two 3/2 units and is described as being in excellent condition and very well-maintained. The property is offered as a duplex-style residential income asset with a drive-by viewing available.
The address is 1126 NW 3rd St in Miami, FL 33128, in the Riverside “Little Havana” area. The public remarks state the home is within minutes of public transit and employment hubs, and walkable to Marlins Stadium.
According to the remarks, zoning allows redevelopment to higher density in the no parking required transit zone, which may be relevant for buyers evaluating future redevelopment options.
The address is 1126 NW 3rd St in Miami, FL 33128, in the Riverside “Little Havana” area. The public remarks state the home is within minutes of public transit and employment hubs, and walkable to Marlins Stadium.
According to the remarks, zoning allows redevelopment to higher density in the no parking required transit zone, which may be relevant for buyers evaluating future redevelopment options.
Key Highlights
- Newer duplex built in 2003 with two separate 3BR/2BA units
- Block construction with central heating and central air conditioning
- Laminate and ceramic tile flooring throughout
Local 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 | $88.2k | $30.60 |
| − Vacancy | −$5.6k | −$1.95 |
| EGI | $82.5k | $28.65 |
| − OpEx | −$24.8k | −$8.60 |
| NOI | $57.8k | $20.06 |
2,881 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$825.4K
$722.3K – $963.0K
NOI $57,780 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.27M
NOI $136,129 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
TIA Educated Networking
Tutoring Service
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FAQs
What type of property is this?
Duplex - Newer duplex in excellent condition with two 3/2 units, maintained for income use and possible higher-density redevelopment.
Where is this duplex located?
The property is located at 1126 NW 3rd St Miami, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Newer duplex built in 2003 with two separate 3BR/2BA units; Block construction with central heating and central air conditioning; Laminate and ceramic tile flooring throughout
