Renovated
For Sale
$795,000
Pending
1237 Northwest 33rd Avenue, Miami, FL 33125
Renovated multifamily property with flexible occupancy across three residential units.
Property Size2,060 SF
Days on Market217
Property Features for 1237 Northwest 33rd Avenue
General Information
Standard status
Pending
Size
2,060 SF
Property subtype
Multi-Family Income / Duplex
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,411
Building Details
Year Built
1924
Listing Agency:
Brickellmania, LLC.
Listed By:
Yanai Nassar · License #3061572
(786) 771-3005
Source:
Compass
Added: Mar 13
Changed: Oct 6
Last Checked: Oct 12 at 10:08PM
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 Brickellmania, LLC.
Investment Insights
Based on property information with market context.
This renovated triplex contains three residential units, each arranged with two bedrooms and one bathroom. The property provides 2,060 square feet of building area and was originally constructed in 1924.
Two units are occupied under month-to-month arrangements, while the third is currently vacant. Located at 1237 Northwest 33rd Avenue in Miami, Florida, the property offers a three-unit residential configuration for multifamily ownership or an owner-occupant arrangement.
Two units are occupied under month-to-month arrangements, while the third is currently vacant. Located at 1237 Northwest 33rd Avenue in Miami, Florida, the property offers a three-unit residential configuration for multifamily ownership or an owner-occupant arrangement.
Key Highlights
- Three‑unit triplex with 2,060 SF of building area
- Each unit includes 2 bedrooms and 1 bathroom
- Two units are rented month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,314
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,280
$826.3K
Cap Rate 7%
$590,200
$590.2K
Cap Rate 9%
$459,044
$459.0K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$63.0K $30.60/SF
− Vacancy
−$4.0K −$1.95/SF
EGI
$59.0K $28.65/SF
− OpEx
−$17.7K −$8.60/SF
NOI
$41.3K $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 Rate 5%
$826,280
Cap Rate 7%
$590,200
Cap Rate 9%
$459,044
Alternative Uses
Best Use
Multifamily LT 5
$590.2K
$516.4K – $688.6K
NOI $41,314 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$543.6K
$475.7K – $634.3K
NOI $38,055 @ 7.0% cap · market cap 4.79%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,336 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
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
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated multifamily property with flexible occupancy across three residential units.
Where is this triplex located?
The property is located at 1237 Northwest 33rd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three‑unit triplex with 2,060 SF of building area; Each unit includes 2 bedrooms and 1 bathroom; Two units are rented month to month
