Three-Unit Residential
130 NW 16th Ave, Miami, FL 33125
For Sale
$1,150,000
All three residences are leased and include central air conditioning, central heat, and kitchen appliances.
Property Size1,912 SF
Lot Size0.15 Acres
Price / SF$601.46
Days on Market160
Property Features for 130 NW 16th Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
tile flooring
central air conditioning
central heating
open parking
kitchen appliances
patio
open porch
fencing
exterior lighting
Building Details
Building Size
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Interinvestments Realty, Inc.
Listed By:
Gabriela Penso · License FL #3562078
Source:
Emporiore
Added: Jun 4
Changed: Nov 7
Last Checked: Nov 9 at 4:53PM
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 Interinvestments Realty, Inc.
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Investment Insights
Based on property information with market context.
This three-unit residential property contains one 2-bedroom, 1-bath residence and two 1-bedroom, 1-bath residences, totaling 1,912 square feet on a 6,500-square-foot lot. Built in 1954 with CBS construction and a shingle roof, the property has municipal water and sewer. Each unit features tile flooring, central air conditioning and heat, an electric range, and a refrigerator. Open parking serves the property, with a patio, open porch, fencing, and exterior lighting completing the exterior features.
The property is in Miami, near major roadways, shopping, dining, and everyday services. All three units are currently leased.
The property is in Miami, near major roadways, shopping, dining, and everyday services. All three units are currently leased.
Key Highlights
- Three units: one 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath residences
- 1,912 square feet of building area on a 6,500‑square‑foot lot
- All units currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,346
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,920
$766.9K
Cap Rate 7%
$547,800
$547.8K
Cap Rate 9%
$426,067
$426.1K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$58.5K $30.60/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$54.8K $28.65/SF
− OpEx
−$16.4K −$8.60/SF
NOI
$38.3K $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%
$766,920
Cap Rate 7%
$547,800
Cap Rate 9%
$426,067
Alternative Uses
Best Use
Multifamily LT 5
$547.8K
$479.3K – $639.1K
NOI $38,346 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$504.6K
$441.5K – $588.7K
NOI $35,321 @ 7.0% cap · market cap 3.07%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,343 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,788
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
$377,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Miami, FL
Properties on Market for Triplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences are leased and include central air conditioning, central heat, and kitchen appliances.
Where is this triplex located?
The property is located at 130 NW 16th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three units: one 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath residences; 1,912 square feet of building area on a 6,500‑square‑foot lot; All units currently leased
