Triplex Near MIA and
For Sale
$1,245,000
250 NW 63rd Ct, Miami, FL 33126
Triplex with strong income potential near MIA, expressways, shopping.
Property Size3,338 SF
Days on Market319
Property Features for 250 NW 63rd Ct
General Information
Standard status
Active
Size
3,338 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$13,121
Building Details
Building Size
3,338 SF
Year Built
1959
Stories
2
Units
4
Listing Agency:
BHHS EWM Realty
Listed By:
Nelly David · License #0690899
(305) 807-0580
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 5
Last Checked: Oct 12 at 8:09PM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This triplex presents a prime investment opportunity, featuring three individual units with strong income potential. Its location offers proximity to Miami International Airport (MIA), major expressways, shopping centers, and restaurants. Unit 1 is a single-story layout with 3 bedrooms and 2 bathrooms, featuring spacious living areas suitable for long-term tenants or owner occupancy. Unit 2 is a two-story unit with 4 bedrooms and 2 bathrooms, designed to accommodate large households or maximize rental revenue; it is currently configured as a 3-bedroom, 1-bathroom unit and a 1-bedroom, 1-bathroom unit with a separate entrance. Unit 3 is a single-story unit with 1 bedroom and 1 bathroom. The property includes ample on-site parking and separate living spaces. Situated in a high-demand rental area, the property ensures consistent occupancy and reliable returns, making it suitable for investors seeking solid cash flow and long-term growth.
Key Highlights
- Triplex with Strong Income Potential: Offers three individual units for maximized rental income.
- Unbeatable Location: Close to MIA, expressways, shopping, and restaurants.
- Unit 2 Versatility: The 4 bed, 2 bath unit can be used as one large unit or divided into a 3/1 and 1/1 with separate entrance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,945
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,900
$1.3M
Cap Rate 7%
$956,357
$956.4K
Cap Rate 9%
$743,833
$743.8K
Market Conditions
NOI Build-Up for 3,338 SF
Gross rent
$102.1K $30.60/SF
− Vacancy
−$6.5K −$1.95/SF
EGI
$95.6K $28.65/SF
− OpEx
−$28.7K −$8.60/SF
NOI
$66.9K $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%
$1,338,900
Cap Rate 7%
$956,357
Cap Rate 9%
$743,833
Alternative Uses
Best Use
Multifamily LT 5
$956.4K
$836.8K – $1.12M
NOI $66,945 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$880.9K
$770.8K – $1.03M
NOI $61,664 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,722 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with strong income potential near MIA, expressways, shopping.
Where is this triplex located?
The property is located at 250 NW 63rd Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: Triplex with Strong Income Potential: Offers three individual units for maximized rental income.; Unbeatable Location: Close to MIA, expressways, shopping, and restaurants.; Unit 2 Versatility: The 4 bed, 2 bath unit can be used as one large unit or divided into a 3/1 and 1/1 with separate entrance.
