Triplex
For Sale
$900,000
1934 NW 35th St, Miami, FL 33142
Three-unit residential property with an established construction date.
Property Size3,177 SF
Days on Market55
Property Features for 1934 NW 35th St
General Information
Standard status
Active
Size
3,177 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$11,118
Building Details
Building Size
3,177 SF
Year Built
1924
Tenancy
Multi
Listing Agency:
The Agency RE, LLC
Listed By:
Karla Arteche · License #3450259
Source:
Relinkre
Added: Aug 20
Changed: Oct 7
Last Checked: Oct 13 at 3:34AM
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 The Agency RE, LLC
Investment Insights
Based on property information with market context.
This triplex property is located at 1934 NW 35th St in Miami, Florida. The building dates to 1924 and offers a three-unit residential configuration.
Key Highlights
- Three‑unit residential configuration
- Built in 1924
- Located at 1934 NW 35th St, Miami, FL 33142
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,716
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,320
$1.3M
Cap Rate 7%
$910,229
$910.2K
Cap Rate 9%
$707,956
$708.0K
Market Conditions
NOI Build-Up for 3,177 SF
Gross rent
$97.2K $30.60/SF
− Vacancy
−$6.2K −$1.95/SF
EGI
$91.0K $28.65/SF
− OpEx
−$27.3K −$8.60/SF
NOI
$63.7K $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%
$1,274,320
Cap Rate 7%
$910,229
Cap Rate 9%
$707,956
Alternative Uses
Best Use
Multifamily LT 5
$910.2K
$796.5K – $1.06M
NOI $63,716 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$838.4K
$733.6K – $978.2K
NOI $58,690 @ 7.0% cap · market cap 6.52%
Theoretical Best
Specialty Retail
$2.14M
$1.88M – $2.50M
NOI $150,115 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with an established construction date.
Where is this triplex located?
The property is located at 1934 NW 35th St Miami, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three‑unit residential configuration; Built in 1924; Located at 1934 NW 35th St, Miami, FL 33142
