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For sale
Triplexes
FL
Miami
33142
2420 Northwest 34th Street

Allapattah Triplex Income Property

2420 Northwest 34th Street Miami, FL 33142

2420 Northwest 34th Street, Miami, FL, 33142

$725,000

For Sale

$725,000

Remodeled triplex in Allapattah, generating substantial rental income.

Property Size2,133 SF

Price / SF$339.90

AddedApr 18

Days on Market90

Last RefreshJul 16 at 4:02 am

Property Features for 2420 Northwest 34th Street

General Information

Standard status: Active
Size: 2,133 SF
Property subtype: Residential Income / Triplex

Building Details

Year Built: 1925

Listing office Mederos and Associates Real Estate Inc

Listing date Apr 18, 2026

Source Compass

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 Mederos and Associates Real Estate Inc

Investment Insights

Based on property information with market context.

This non-conforming triplex is located in a prime Allapattah location and presents a significant income opportunity for investors. The property has been completely remodeled and features a main house with 2 bedrooms and 1 bathroom, including a large living and family room, a new custom kitchen, and a newer central AC unit. This unit is currently rented for $2400 per month. Additionally, there is a remodeled 1-bedroom, 1-bathroom apartment rented for $1500 per month, and a rear 1-bedroom, 1-bathroom remodeled apartment rented for $1600 per month. The property generates a total gross rental income of $66,000 annually. The property includes a large backyard, custom-designed solar panels, and ample front parking. The property size is 2133 square feet.

Key Highlights

Tremendous income generator with $66,000 gross yearly rental income.
Prime Allapattah location.
Completely remodeled non‑conforming triplex.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$65.3k	$30.60
− Vacancy	−$4.2k	−$1.95
EGI	$61.1k	$28.65
− OpEx	−$18.3k	−$8.60
NOI	$42.8k	$20.06

2,133 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$611.1K

$534.7K – $713.0K (±1% cap)

NOI $42,778 @ 7.0% cap · market cap 5.90%

Second Best

Apartment 5plus

$562.9K

$492.6K – $656.7K (±1% cap)

NOI $39,404 @ 7.0% cap · market cap 5.44%

Theoretical Best

Specialty Retail

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,785 @ 7.0% cap · market cap 13.90%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Triplexes
FL
Miami
33142
2420 Northwest 34th Street

What type of property is this?

Triplex - Remodeled triplex in Allapattah, generating substantial rental income.

Where is this triplex located?

The property is located at 2420 Northwest 34th Street Miami, FL.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Tremendous income generator with **$66,000 gross yearly rental income.**; Prime Allapattah location.; Completely remodeled non‑conforming triplex.