3-Unit Triplex with Gated
2986 NW 26th St, Miami, FL 33142
For Sale
$1,200,000
Each residence has a separate utility meter, with tenant occupancy on a month-to-month basis.
Property Size3,768 SF
Days on Market173
Property Features for 2986 NW 26th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
gated parking
Building Details
Building Size
Year Built
Listing Agency:
Compass Florida, LLC
Listed By:
Benito Diaz · License #3413936
(305) 525-3547
Source:
Relinkre
Added: May 21
Changed: Nov 9
Last Checked: Nov 8 at 6:40AM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This Miami triplex contains three separately metered residences: two 3-bedroom, 2-bathroom units and one 2-bedroom, 2-bathroom unit. The property was built in 2007 and has a new roof, along with gated parking. All three units are occupied under month-to-month tenancies.
Located at 2986 NW 26th St, the property offers access to major highways.
Located at 2986 NW 26th St, the property offers access to major highways.
Key Highlights
- Three units: two 3/2 residences and one 2/2 residence
- Individually metered units
- Gated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,569
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,511,380
$1.5M
Cap Rate 7%
$1,079,557
$1.1M
Cap Rate 9%
$839,656
$839.7K
Market Conditions
NOI Build-Up for 3,768 SF
Gross rent
$115.3K $30.60/SF
− Vacancy
−$7.3K −$1.95/SF
EGI
$108.0K $28.65/SF
− OpEx
−$32.4K −$8.60/SF
NOI
$75.6K $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%
$1,511,380
Cap Rate 7%
$1,079,557
Cap Rate 9%
$839,656
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$944.6K – $1.26M
NOI $75,569 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$994.4K
$870.1K – $1.16M
NOI $69,608 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$2.54M
$2.23M – $2.97M
NOI $178,040 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,950
Businesses Nearby
Explore this area
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
$298,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Miami, FL
Properties on Market for Triplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has a separate utility meter, with tenant occupancy on a month-to-month basis.
Where is this triplex located?
The property is located at 2986 NW 26th St Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three units: two 3/2 residences and one 2/2 residence; Individually metered units; Gated parking
