Three-Unit Residential
New
For Sale
$698,000
2444 NW 33rd St, Miami, FL 33142
Three residential units offer a mix of bedroom and bath configurations, with parking on site.
Property Size2,552 SF
Price / SF$273.51
Days on Market7
Property Features for 2444 NW 33rd St
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Duplex
Site & Location
Neighborhood
Melrose
Taxes and HOA fees
Annual Taxes
$4,589
Building Details
Building Size
2,552 SF
Year Built
1924
Tenancy
Multi
Listing Agency:
Countywide Properties ERA Powe
Listed By:
Justine Jimenez Garcia · License #0474977
Source:
Batrare
Added: Oct 30
Changed: Nov 4
Last Checked: Nov 4 at 1:56PM
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 Countywide Properties ERA Powe
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Investment Insights
Based on property information with market context.
This triplex in Miami’s Melrose area contains three units: one with three bedrooms and one bathroom, one with two bedrooms and one bathroom, and one with a bedroom and one bathroom. The property was built in 1924 and includes parking.
Key Highlights
- Three units: 3/1, 2/1, and 1/1
- Built in 1924
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,182
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,640
$1.0M
Cap Rate 7%
$731,171
$731.2K
Cap Rate 9%
$568,689
$568.7K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$78.1K $30.60/SF
− Vacancy
−$5.0K −$1.95/SF
EGI
$73.1K $28.65/SF
− OpEx
−$21.9K −$8.60/SF
NOI
$51.2K $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%
$1,023,640
Cap Rate 7%
$731,171
Cap Rate 9%
$568,689
Alternative Uses
Best Use
Multifamily LT 5
$731.2K
$639.8K – $853.0K
NOI $51,182 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$673.5K
$589.3K – $785.7K
NOI $47,144 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,583 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
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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
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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 a mix of bedroom and bath configurations, with parking on site.
Where is this triplex located?
The property is located at 2444 NW 33rd St Miami, FL.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: Three units: 3/1, 2/1, and 1/1; Built in 1924; On‑site parking
