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 Market273
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:
(305) 807-0580
Listed By:
Nelly David · License #0690899
(305) 807-0580
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 26 at 9:18AM
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 Nelly David
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 = 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
$66,945
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
5.38%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
