Renovated
3008 NW 13th St, Miami, FL 33125
For Sale
$1,250,000
Three units include two one-bedroom layouts and a larger three-bedroom residence, with gated on-site parking.
Property Size3,345 SF
Lot Size0.34 Acres
Price / SF$373.69
Days on Market271
Property Features for 3008 NW 13th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
impact windows and doors
gated
on-site parking
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Avenuewest Miami
Listed By:
Michelle Real · License #3501196
From the agent's profile:
(786) 294-2470
View profile
Source:
Jofregroup
Added: Feb 12
Changed: Nov 7
Last Checked: Nov 8 at 12:02PM
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 Avenuewest Miami
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Investment Insights
Based on property information with market context.
This triplex in Miami contains three residences: two with one bedroom and one-and-a-half bathrooms each, plus a three-bedroom, three-bathroom unit. The property has 2,745 square feet of living area and was built in 1971. Renovation work is complete, and impact-resistant windows and doors are installed throughout.
A gated perimeter encloses the property, with parking available on site. The parcel measures more than 15,000 square feet.
A gated perimeter encloses the property, with parking available on site. The parcel measures more than 15,000 square feet.
Key Highlights
- Three‑unit property with a 1‑bedroom/1.5‑bath unit, a 3‑bedroom/3‑bath unit, and another 1‑bedroom/1.5‑bath unit
- 2,745 square feet of living area
- More than 15,000 square feet of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,086
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,720
$1.3M
Cap Rate 7%
$958,371
$958.4K
Cap Rate 9%
$745,400
$745.4K
Market Conditions
NOI Build-Up for 3,345 SF
Gross rent
$102.4K $30.60/SF
− Vacancy
−$6.5K −$1.95/SF
EGI
$95.8K $28.65/SF
− OpEx
−$28.8K −$8.60/SF
NOI
$67.1K $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%
$1,341,720
Cap Rate 7%
$958,371
Cap Rate 9%
$745,400
Alternative Uses
Best Use
Multifamily LT 5
$958.4K
$838.6K – $1.12M
NOI $67,086 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$882.8K
$772.4K – $1.03M
NOI $61,794 @ 7.0% cap · market cap 4.94%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.63M
NOI $158,053 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
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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
$377,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Three units include two one-bedroom layouts and a larger three-bedroom residence, with gated on-site parking.
Where is this triplex located?
The property is located at 3008 NW 13th St Miami, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑unit property with a 1‑bedroom/1.5‑bath unit, a 3‑bedroom/3‑bath unit, and another 1‑bedroom/1.5‑bath unit; 2,745 square feet of living area; More than 15,000 square feet of land
