Triplex Residential
New
For Sale
$1,695,000
1664 SW 9th St, Miami, FL 33135
Three residential units offer the option to occupy one while renting the others.
Property Size3,287 SF
Price / SF$515.67
Days on Market6
Property Features for 1664 SW 9th St
General Information
Standard status
Active
Size
3,287 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$9,002
Building Details
Building Size
3,287 SF
Year Built
1923
Listing Agency:
Landan Realty LLC
Listed By:
Danay Puebla Llanos · License #3315105
(305) 338-6436
Source:
Batrare
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 16 at 4:36PM
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 Landan Realty LLC
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Investment Insights
Based on property information with market context.
This triplex contains 3,287 square feet and was built in 1923. Its three-unit configuration allows an owner to reside in one unit while leasing the remaining units.
Located at 1664 SW 9th St in Miami’s Little Havana neighborhood, the property offers access to Downtown Miami, Brickell, Coral Gables, and Miami Beach. Dining, shopping, and entertainment options are also identified in the surrounding area.
Located at 1664 SW 9th St in Miami’s Little Havana neighborhood, the property offers access to Downtown Miami, Brickell, Coral Gables, and Miami Beach. Dining, shopping, and entertainment options are also identified in the surrounding area.
Key Highlights
- Three‑unit residential property
- 3,287 square feet
- Built in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,923
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,460
$1.3M
Cap Rate 7%
$941,757
$941.8K
Cap Rate 9%
$732,478
$732.5K
Market Conditions
NOI Build-Up for 3,287 SF
Gross rent
$100.6K $30.60/SF
− Vacancy
−$6.4K −$1.95/SF
EGI
$94.2K $28.65/SF
− OpEx
−$28.3K −$8.60/SF
NOI
$65.9K $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%
$1,318,460
Cap Rate 7%
$941,757
Cap Rate 9%
$732,478
Alternative Uses
Best Use
Multifamily LT 5
$941.8K
$824.0K – $1.10M
NOI $65,923 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$867.5K
$759.0K – $1.01M
NOI $60,722 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,312 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,450
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer the option to occupy one while renting the others.
Where is this triplex located?
The property is located at 1664 SW 9th St Miami, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Three‑unit residential property; 3,287 square feet; Built in 1923
