Three-Unit Residential
For Sale
$700,000
1676 SW 10th St, Miami, FL 33135
A front residence and detached coach house provide three leased units with month-to-month tenancy.
Property Size3,296 SF
Lot Size0.14 Acres
Price / SF$212.38
Days on Market8
Property Features for 1676 SW 10th St
General Information
Standard status
Active
Size
3,296 SF
Lot size
0.14 Acres
Property subtype
Quadruplex
Zoning
T3-R
Occupancy
100%
Site & Location
Neighborhood
Shenandoah North
Highway Access
Yes
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,000
Building Details
Building Size
3,296 SF
Year Built
1926
Tenancy
Multi
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Christopher Carbonell · License #3533720
(305) 753-3295
Source:
Miamibrokersgroup
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 27 at 12:59AM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
Built in 1926, this three-unit residential property contains 3,296 square feet on a 5,900-square-foot lot. Two units occupy the front building, while a separate coach house accommodates the third. All units are leased on a month-to-month basis. The property is located in a single-family zone, identified as T3-R in the property remarks and 0100 in the zoning field; these designations conflict, so neither is used as a definitive zoning classification.
The address is 1676 SW 10th Street in Miami. The property is two blocks from Calle Ocho and within minutes of Coral Gables, Brickell, Downtown, Miami International Airport, I-95, and SR-836.
The address is 1676 SW 10th Street in Miami. The property is two blocks from Calle Ocho and within minutes of Coral Gables, Brickell, Downtown, Miami International Airport, I-95, and SR-836.
Key Highlights
- Three units across a front building and a separate coach house
- 3,296 SF building on a 5,900 SF lot
- All three units have month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,888
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,760
$1.2M
Cap Rate 7%
$869,829
$869.8K
Cap Rate 9%
$676,533
$676.5K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$118.7K $36.00/SF
− Vacancy
−$7.9K −$2.41/SF
EGI
$110.7K $33.59/SF
− OpEx
−$49.8K −$15.11/SF
NOI
$60.9K $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%
$1,217,760
Cap Rate 7%
$869,829
Cap Rate 9%
$676,533
Alternative Uses
Best Use
Multifamily LT 5
$944.3K
$826.3K – $1.10M
NOI $66,103 @ 7.0% cap · market cap 9.44%
Second Best
Apartment 5plus
$869.8K
$761.1K – $1.01M
NOI $60,888 @ 7.0% cap · market cap 8.70%
Theoretical Best
Specialty Retail
$2.22M
$1.95M – $2.60M
NOI $155,737 @ 7.0% cap · market cap 22.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,213
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 - A front residence and detached coach house provide three leased units with month-to-month tenancy.
Where is this triplex located?
The property is located at 1676 SW 10th St Miami, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three units across a front building and a separate coach house; 3,296 SF building on a 5,900 SF lot; All three units have month‑to‑month leases
