Triplex With On-Site
1536 SW 22nd Ave, Miami, FL 33145
For Sale
$875,000
Triplex near Coral Gables, Brickell, Downtown Miami, shopping, dining, and major transportation routes.
Property Size2,080 SF
Days on Market56
Property Features for 1536 SW 22nd Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Chez Realty, LLC.
Listed By:
Mario Cabrera Benjamin Jr · License FL #3367844
(786) 452-4644
Source:
Miamibrokersgroup
Added: Sep 16
Changed: Nov 9
Last Checked: Nov 8 at 2:01PM
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 Chez Realty, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex was built in 1926 and includes on-site parking for residents and guests. Two units are currently leased, while additional unit availability provides flexibility for an owner-occupant or future tenants.
The property is positioned near Coral Gables, Brickell, and Downtown Miami, with shopping, dining, and major transportation routes nearby. Potential commercial use or rezoning would require a variance and applicable governmental approvals.
The property is positioned near Coral Gables, Brickell, and Downtown Miami, with shopping, dining, and major transportation routes nearby. Potential commercial use or rezoning would require a variance and applicable governmental approvals.
Key Highlights
- Triplex built in 1926
- Two units currently leased
- On‑site parking for residents and guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,716
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,320
$834.3K
Cap Rate 7%
$595,943
$595.9K
Cap Rate 9%
$463,511
$463.5K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$63.6K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$59.6K $28.65/SF
− OpEx
−$17.9K −$8.60/SF
NOI
$41.7K $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%
$834,320
Cap Rate 7%
$595,943
Cap Rate 9%
$463,511
Alternative Uses
Best Use
Multifamily LT 5
$595.9K
$521.5K – $695.3K
NOI $41,716 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$548.9K
$480.3K – $640.4K
NOI $38,425 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,281 @ 7.0% cap · market cap 11.23%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,481
Businesses Nearby
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Triplex near Coral Gables, Brickell, Downtown Miami, shopping, dining, and major transportation routes.
Where is this triplex located?
The property is located at 1536 SW 22nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Triplex built in 1926; Two units currently leased; On‑site parking for residents and guests
