Three-Unit Triplex with
1526 NE 135th Street, North Miami, FL 33161
For Sale
$750,000
Three residences share a corner-lot setting with a backyard planted with fruit trees and vegetables.
Property Size2,526 SF
Price / SF$296.91
Days on Market54
Property Features for 1526 NE 135th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
shared backyard
custom garden
Building Details
Year Built
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Raphael Lindor · License #3360730
(786) 921-6182
Source:
Lehmannflorida
Added: Sep 15
Changed: Nov 6
Last Checked: Nov 6 at 3:22PM
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 Real Estate Sales Force
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Investment Insights
Based on property information with market context.
This 2,526-square-foot triplex, built in 1948, contains three separate residences. The units at 1526 and 1528 each have two bedrooms and one bathroom; the third residence offers one bedroom, one bathroom, and a compact kitchen. A shared backyard includes fruit trees and vegetable plantings. The property also has a new roof, with driveway work planned.
Set on a double corner lot in North Miami, the property is near Biscayne Boulevard, shopping, dining, parks, schools, and everyday services. Major roadways provide access to Aventura and Miami Beach.
Set on a double corner lot in North Miami, the property is near Biscayne Boulevard, shopping, dining, parks, schools, and everyday services. Major roadways provide access to Aventura and Miami Beach.
Key Highlights
- Three separate residences: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 2,526 square feet; built in 1948
- Double corner lot with shared backyard, fruit trees, and vegetable garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,108
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,160
$842.2K
Cap Rate 7%
$601,543
$601.5K
Cap Rate 9%
$467,867
$467.9K
Market Conditions
NOI Build-Up for 2,526 SF
Gross rent
$63.7K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.2K $23.81/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$42.1K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,160
Cap Rate 7%
$601,543
Cap Rate 9%
$467,867
Alternative Uses
Best Use
Multifamily LT 5
$601.5K
$526.4K – $701.8K
NOI $42,108 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$555.0K
$485.6K – $647.5K
NOI $38,848 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,708 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
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Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Miami-Dade County, FL
Properties on Market for Triplexes in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences share a corner-lot setting with a backyard planted with fruit trees and vegetables.
Where is this triplex located?
The property is located at 1526 NE 135th Street North Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three separate residences: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 2,526 square feet; built in 1948; Double corner lot with shared backyard, fruit trees, and vegetable garden
