Triplex with Three-Bedroom
For Sale
$660,000
1563 Northeast 148th Street, Miami, FL 33161
Three residential units provide distinct layouts within a multifamily property requiring renovation work.
Property Size2,670 SF
Price / SF$247.19
Days on Market298
Property Features for 1563 Northeast 148th Street
General Information
Standard status
Active
Size
2,670 SF
Property subtype
Residential Income / Duplex
Property Condition
Severity
Repairs Needed
Evidence
does need TLC
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,540
Building Details
Year Built
1952
Listing Agency:
Coldwell Banker Realty
Listed By:
Cynthia Saint Paul · License #3392531
(954) 434-0501
Source:
Compass
Added: Dec 23, 2025
Changed: Oct 17
Last Checked: Oct 16 at 11:21AM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex contains 2,670 square feet and was built in 1952. The configuration includes one three-bedroom, two-bath unit, one two-bedroom, one-bath unit, and one one-bedroom, one-bath unit. The third unit was not shown in the property photos. The building requires TLC, offering a renovation project for a buyer prepared to complete improvements across the property.
The property is located at 1563 Northeast 148th Street in Miami, Florida 33161, with nearby access to major highways, shopping, dining, schools, and parks. The three-unit layout provides a defined multifamily configuration with varied residential floor plans.
The property is located at 1563 Northeast 148th Street in Miami, Florida 33161, with nearby access to major highways, shopping, dining, schools, and parks. The three-unit layout provides a defined multifamily configuration with varied residential floor plans.
Key Highlights
- Three‑unit triplex configuration
- Unit mix includes 3 bedrooms/2 bathrooms, 2 bedrooms/1 bathroom, and 1 bedroom/1 bathroom
- 2,670 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,548
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,960
$1.1M
Cap Rate 7%
$764,971
$765.0K
Cap Rate 9%
$594,978
$595.0K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$81.7K $30.60/SF
− Vacancy
−$5.2K −$1.95/SF
EGI
$76.5K $28.65/SF
− OpEx
−$22.9K −$8.60/SF
NOI
$53.5K $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%
$1,070,960
Cap Rate 7%
$764,971
Cap Rate 9%
$594,978
Alternative Uses
Best Use
Multifamily LT 5
$765.0K
$669.4K – $892.5K
NOI $53,548 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$704.6K
$616.6K – $822.1K
NOI $49,324 @ 7.0% cap · market cap 7.47%
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,159 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide distinct layouts within a multifamily property requiring renovation work.
Where is this triplex located?
The property is located at 1563 Northeast 148th Street Miami, FL.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; Unit mix includes 3 bedrooms/2 bathrooms, 2 bedrooms/1 bathroom, and 1 bedroom/1 bathroom; 2,670 square feet
