Residential Income
165 NW 39th St #3 Unit 3, Miami, FL 33127
For Sale
Contact for pricing
The residence has one bedroom and one bathroom in a location near Miami’s Design District.
Property Size5,544 SF
Price / SF$0.58
Days on Market77
Property Features for 165 NW 39th St #3 Unit 3
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Compass Florida, LLC
Listed By:
Christopher King · License FL #3559386
(305) 315-2396
Source:
Gosenproperties
Added: Aug 26
Changed: Nov 9
Last Checked: Nov 10 at 8:24AM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
Built in 1928, this one-bedroom, one-bath residence is offered for sale. It is two blocks from the Miami Design District, with Wynwood, Midtown, and Edgewater also nearby. Restaurants, bars, shops, galleries, and everyday conveniences are in the surrounding area.
Key Highlights
- One‑bedroom, one‑bath residence
- Two blocks from the Miami Design District
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,417
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,048,340
$2.0M
Cap Rate 7%
$1,463,100
$1.5M
Cap Rate 9%
$1,137,967
$1.1M
Market Conditions
NOI Build-Up for 5,544 SF
Gross rent
$199.6K $36.00/SF
− Vacancy
−$13.4K −$2.41/SF
EGI
$186.2K $33.59/SF
− OpEx
−$83.8K −$15.11/SF
NOI
$102.4K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,048,340
Cap Rate 7%
$1,463,100
Cap Rate 9%
$1,137,967
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.71M
NOI $102,417 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.74M
$3.27M – $4.37M
NOI $261,956 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,751
Businesses Nearby
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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
$398,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Miami, FL
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence has one bedroom and one bathroom in a location near Miami’s Design District.
Where is this residential income property located?
The property is located at 165 NW 39th St #3 Unit 3 Miami, FL.
What are key features of this property?
This property features: One‑bedroom, one‑bath residence; Two blocks from the Miami Design District; Built in 1928
