Legal Triplex with Separate
New
For Sale
$920,000
145 NW 32nd St, Miami, FL 33127
MULTI_FAMILY - Miami, FL
Property Size1,788 SF
Lot Size0.10 Acres
Price / SF$514.54
Days on Market4
Property Features for 145 NW 32nd St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
3900
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3
Parking
2
Subdivision
WYNDWOOD PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-25-019-2750
Size
1,788 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WYNDWOOD PARK PB 5-23 E43.5FT LOT 19 BLK 14 LOT SIZE 43.500 X 1 OR 14210-3061 0886 5
Tax Annual Amount
9529
Legal Description
WYNDWOOD PARK PB 5-23 E43.5FT LOT 19 BLK 14 LOT SIZE 43.500 X 1 OR 14210-3061 0886 5
Building Details
Year built
1925
Floors in Building
1
Listing Agency:
Grand Realty of America, Corp.
(305) 931-7878
Listed By:
Angel Cabrera · License #3175102
(786) 200-1097
Added: Jul 28
Last Checked: Jul 31 at 7:06PM
MLS# A12061208
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 legal triplex includes a 2/1 unit and two 1/1 units, with separate electric meters. The property requires total renovation and is being sold as-is.
The site sits on a 4,350-square-foot lot and is zoned T4. The property is located in Wynwood Norte, an area described in the City of Miami’s approved Wynwood Norte Neighborhood Revitalization District (NRD-2) amendments.
The listing is presented for land value, with no liens and no violations reported. Showings are restricted to buyers who can provide proof of funds and an offer.
The site sits on a 4,350-square-foot lot and is zoned T4. The property is located in Wynwood Norte, an area described in the City of Miami’s approved Wynwood Norte Neighborhood Revitalization District (NRD-2) amendments.
The listing is presented for land value, with no liens and no violations reported. Showings are restricted to buyers who can provide proof of funds and an offer.
Key Highlights
- Legal triplex on a 4,350 Sq Ft lot; unit mix includes 2/1, 1/1, and 1/1 units
- T4 zoning—listing notes potential to build a 15‑unit multifamily development
- Separate electric meters
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 |
1,788 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.3K
$448.2K – $597.7K
NOI $35,859 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$471.9K
$412.9K – $550.5K
NOI $33,030 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,484 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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 - Legal triplex with separate electric meters, zoned T4, and currently needs total renovation.
Where is this triplex located?
The property is located at 145 NW 32nd St Miami, FL.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Legal triplex on a 4,350 Sq Ft lot; unit mix includes 2/1, 1/1, and 1/1 units; T4 zoning—listing notes potential to build a 15‑unit multifamily development; Separate electric meters
