Renovated
2480 NW 139th Street Opa-Locka, Opa Locka, FL 33054
For Sale
$639,900
Three separate living spaces feature refreshed interiors and impact-resistant windows and doors.
Property Size1,701 SF
Days on Market14
Property Features for 2480 NW 139th Street Opa-Locka
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Juan A Perez · License FL #3131780
(786) 317-4841
Source:
Silverleafrealtygroup
Added: Nov 1
Changed: Nov 13
Last Checked: Nov 12 at 6:45PM
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 Florida Realty of Miami Corp
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Investment Insights
Based on property information with market context.
This 1,701-square-foot triplex contains three separate living spaces. Renovation work included bathrooms, flooring, electrical and plumbing systems, and interior and exterior paint. Impact-resistant windows and doors are also in place, and the roof was installed in 2024. The property was built in 1958.
Key Highlights
- Three separate living spaces
- 1,701 square feet
- Roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,114
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,280
$682.3K
Cap Rate 7%
$487,343
$487.3K
Cap Rate 9%
$379,044
$379.0K
Market Conditions
NOI Build-Up for 1,701 SF
Gross rent
$52.1K $30.60/SF
− Vacancy
−$3.3K −$1.95/SF
EGI
$48.7K $28.65/SF
− OpEx
−$14.6K −$8.60/SF
NOI
$34.1K $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 Rate 5%
$682,280
Cap Rate 7%
$487,343
Cap Rate 9%
$379,044
Alternative Uses
Best Use
Multifamily LT 5
$487.3K
$426.4K – $568.6K
NOI $34,114 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$448.9K
$392.8K – $523.7K
NOI $31,423 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,373 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
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Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Miami-Dade County, FL
Properties on Market for Triplexes in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate living spaces feature refreshed interiors and impact-resistant windows and doors.
Where is this triplex located?
The property is located at 2480 NW 139th Street Opa-Locka Opa Locka, FL.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Three separate living spaces; 1,701 square feet; Roof installed in 2024
