Fully Renovated
For Sale
$1,250,000
Pending
2221 SW 26th Lane, Miami, FL 33133
MULTI_FAMILY - Miami, FL
Property Size2,200 SF
Days on Market31
Property Features for 2221 SW 26th Lane
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
0100
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3
Parking
2
Subdivision
SILVER BLUFF EST-SEC B
Lot features
< 1/4 Acre
Directions
Please use GPS!
Standard status
Pending
APN
01-41-15-007-3160
Size
2,200 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
SILVER BLUFF EST-SEC B PB 10-68 LOT 6 BLK 34 LOT SIZE 50.000 X 95 OR 20000-1909 10 2001 1 COC 25603-2047 04 2007 3
Tax Annual Amount
13015
Legal Description
SILVER BLUFF EST-SEC B PB 10-68 LOT 6 BLK 34 LOT SIZE 50.000 X 95 OR 20000-1909 10 2001 1 COC 25603-2047 04 2007 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
1935
Floors in Building
2
Flooring type
Tile - Ceramic, Wood, Hardwood
Building materials
Brick, Block
Roof type
Shingle
Listing Agency:
RE/MAX Advance Realty II · RE/MAX International
(305) 251-2127
Listed By:
Roberto Azua · License #3430811
(786) 518-9664
Added: Jul 18
Changed: Aug 11
Last Checked: Aug 17 at 5:06AM
MLS# A11814159
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated triplex offers three furnished units designed for immediate occupancy. The recent upgrade list includes impact windows, new plumbing, and updated electrical systems, along with high-quality finishes throughout. Flooring includes wood, tile-ceramic, and hardwood, supporting a cohesive, move-in-ready feel across the units.
The property is a brick and block structure built in 1935. Comfort systems include central air cooling and central electric heating, and the home has a shingle roof. Public sewer services are available, and cable is available for connectivity.
From an operational standpoint, the three-unit setup provides flexibility for an owner who wants to live in one unit while renting the others. The property size is 2,200 SF.
The property is a brick and block structure built in 1935. Comfort systems include central air cooling and central electric heating, and the home has a shingle roof. Public sewer services are available, and cable is available for connectivity.
From an operational standpoint, the three-unit setup provides flexibility for an owner who wants to live in one unit while renting the others. The property size is 2,200 SF.
Key Highlights
- Fully renovated triplex with three furnished units
- Impact windows plus new plumbing and updated electrical systems
- 2,200 SF triplex structure built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,122
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,440
$882.4K
Cap Rate 7%
$630,314
$630.3K
Cap Rate 9%
$490,244
$490.2K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.3K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$63.0K $28.65/SF
− OpEx
−$18.9K −$8.60/SF
NOI
$44.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,440
Cap Rate 7%
$630,314
Cap Rate 9%
$490,244
Alternative Uses
Best Use
Multifamily LT 5
$630.3K
$551.5K – $735.4K
NOI $44,122 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$580.6K
$508.0K – $677.4K
NOI $40,641 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.73M
NOI $103,951 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,843
Businesses Nearby
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated triplex with three furnished units and recent impact windows, new plumbing, and updated electrical systems.
Where is this triplex located?
The property is located at 2221 SW 26th Lane Miami, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully renovated triplex with three furnished units; Impact windows plus new plumbing and updated electrical systems; 2,200 SF triplex structure built in 1935
