Three-Unit Multifamily
For Sale
$799,900
1130-1132 Northwest 34th Avenue, Miami, FL 33125
The property contains three residential units within a compact multifamily building in Miami.
Property Size1,824 SF
Price / SF$438.54
Days on Market136
Property Features for 1130-1132 Northwest 34th Avenue
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Multi-Family Income / Triplex
Taxes and HOA fees
Annual Taxes
$4,650
Building Details
Year Built
1954
Listing Agency:
Marlin Realty Inc
(954) 774-2477
Listed By:
Samuel Fugina · License #3332259
(954) 774-2477
Source:
Compass
Added: Apr 17
Changed: Aug 30
Last Checked: Aug 30 at 2:38AM
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 Marlin Realty Inc
Investment Insights
Based on property information with market context.
This multifamily property contains three residential units and provides 1,824 square feet of building area. The structure was built in 1954.
Located at 1130-1132 Northwest 34th Avenue in Miami, Florida 33125, the property offers a three-unit configuration for multifamily ownership.
Located at 1130-1132 Northwest 34th Avenue in Miami, Florida 33125, the property offers a three-unit configuration for multifamily ownership.
Key Highlights
- Three‑unit multifamily configuration
- 1,824 square feet of building area
- Built in 1954
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
$36,581
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
4.57%
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%
$731,620
$731.6K
Cap Rate 7%
$522,586
$522.6K
Cap Rate 9%
$406,456
$406.5K
Market Conditions
NOI Build-Up for 1,824 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
$55.8K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$52.3K $28.65/SF
− OpEx
−$15.7K −$8.60/SF
NOI
$36.6K $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%
$731,620
Cap Rate 7%
$522,586
Cap Rate 9%
$406,456
Alternative Uses
Best Use
Multifamily LT 5
$522.6K
$457.3K – $609.7K
NOI $36,581 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$481.4K
$421.2K – $561.6K
NOI $33,695 @ 7.0% cap · market cap 4.21%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,185 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - The property contains three residential units within a compact multifamily building in Miami.
Where is this triplex located?
The property is located at 1130-1132 Northwest 34th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑unit multifamily configuration; 1,824 square feet of building area; Built in 1954
