145 Northwest 32nd Street Miami, FL 33127
Legal triplex in Wynwood Norte, T4 zoning, development potential.
Property Features for 145 Northwest 32nd Street
General Information
- Standard status
- Active
- Size
- 1,788 SF
- Property subtype
- Residential Income / Triplex
Building Details
- Year Built
- 1925
Listing office Grand Realty of America, Corp. (305) 931-7878
Listing date Jun 13, 2025
Source Compass
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 Grand Realty of America, Corp.
Investment Insights
Based on property information with market context.
Key Highlights
- T4 Zoning allows for building a 15‑unit multifamily with no parking restrictions.
- Legal Triplex in the Wynwood Norte area.
- Prime location: Minutes walking distance to Wynwood, Midtown, and the Design District.
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 | $54.7k | $30.60 |
| − Vacancy | −$3.5k | −$1.95 |
| EGI | $51.2k | $28.65 |
| − OpEx | −$15.4k | −$8.60 |
| NOI | $35.9k | $20.06 |
