Income Triplex on Large
For Sale
$839,900
2815 NW 14th Street, Miami, FL 33125
Triplex with three rented units on an oversized lot, positioned near major Miami destinations and parks.
Property Size2,024 SF
Lot Size0.24 Acres
Price / SF$414.97
Days on Market25
Property Features for 2815 NW 14th Street
General Information
Standard status
Active
Size
2,024 SF
Lot size
0.24 Acres
Property subtype
Duplex
Building Details
Year Built
1953
Tenancy
Multi
Listing Agency:
Real Estate Sales Force
(305) 206-8490
Listed By:
Daniel Fernandez · License #3176578
(305) 206-8490
Source:
Lehmannflorida
Added: Jul 7
Changed: Jul 28
Last Checked: Jul 31 at 5:56AM
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 Real Estate Sales Force
Investment Insights
Based on property information with market context.
This income triplex features three rental units within an existing structure, currently generating income and reported as rented under market value with room to improve. The property sits on an oversized 10,500 square foot lot, offering investors an immediate income component along with land value considerations.
Located near Freedom Park, LoanDepot Park, the airport, Coral Gables, and Brickell, the address at 2815 NW 14th Street, Miami, FL 33125 places the property within reach of key employment and entertainment areas.
For investors seeking a larger-format residential income asset with ongoing rental presence, this triplex provides a straightforward configuration: three income-producing units on a substantial site.
Located near Freedom Park, LoanDepot Park, the airport, Coral Gables, and Brickell, the address at 2815 NW 14th Street, Miami, FL 33125 places the property within reach of key employment and entertainment areas.
For investors seeking a larger-format residential income asset with ongoing rental presence, this triplex provides a straightforward configuration: three income-producing units on a substantial site.
Key Highlights
- Triplex built in 1953 with three rented income‑producing units
- Oversized 10,500 sq ft lot
- Located near major Miami destinations and parks including Freedom Park and LoanDepot Park
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.9k | $30.60 |
| − Vacancy | −$3.9k | −$1.95 |
| EGI | $58.0k | $28.65 |
| − OpEx | −$17.4k | −$8.60 |
| NOI | $40.6k | $20.06 |
2,024 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.9K
$507.4K – $676.5K
NOI $40,592 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$534.1K
$467.4K – $623.2K
NOI $37,390 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.59M
NOI $95,635 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three rented units on an oversized lot, positioned near major Miami destinations and parks.
Where is this triplex located?
The property is located at 2815 NW 14th Street Miami, FL.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: Triplex built in 1953 with three rented income‑producing units; Oversized 10,500 sq ft lot; Located near major Miami destinations and parks including Freedom Park and LoanDepot Park
