Triplex with Central
3018 Northwest 23rd Avenue Miami, FL 33142
For Sale
$749,000
Triplex includes 3-bedroom main house and two 1-bedroom units, each with split A/C and independent meters.
Property Size2,130 SF
Price / SF$351.64
Days on Market106
Property Features for 3018 Northwest 23rd Avenue
General Information
- Standard status
- Active
- Size
- 2,130 SF
- Property subtype
- Multi-Family Income / Triplex
Building Details
- Year Built
- 1920
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Irene Arreaza · License #3475042
(888) 883-8509
Source:
Compass
Added: Apr 10
Changed: Jul 23
Last Checked: Jul 23 at 6:10PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This income-producing triplex is configured with a main house plus a rear building containing two separate 1-bedroom, 1-bath units. The main house features 3 bedrooms, 1 bath, and central A/C. Each rear unit has its own independent split A/C system. The property is set up with separate meters, and a central patio sits between the homes.
The current reported income is $6,400 per month, and all units are currently tenant-occupied. There are 3 assigned parking spaces, including 1 covered space. The property is located at 3018 Northwest 23rd Avenue, Miami, FL 33142. Showings and inspections are coordinated exclusively for serious buyers upon presentation of an offer.
The current reported income is $6,400 per month, and all units are currently tenant-occupied. There are 3 assigned parking spaces, including 1 covered space. The property is located at 3018 Northwest 23rd Avenue, Miami, FL 33142. Showings and inspections are coordinated exclusively for serious buyers upon presentation of an offer.
Key Highlights
- Income‑producing triplex built in 1920 with 3‑bedroom/1‑bath main house plus two 1‑bedroom/1‑bath units
- Main house has central A/C
- Each 1‑bedroom unit has independent split A/C systems
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 | $65.2k | $30.60 |
| − Vacancy | −$4.2k | −$1.95 |
| EGI | $61.0k | $28.65 |
| − OpEx | −$18.3k | −$8.60 |
| NOI | $42.7k | $20.06 |
2,130 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$610.3K
$534.0K – $712.0K
NOI $42,718 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$562.1K
$491.9K – $655.8K
NOI $39,348 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,643 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex includes 3-bedroom main house and two 1-bedroom units, each with split A/C and independent meters.
Where is this triplex located?
The property is located at 3018 Northwest 23rd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Income‑producing triplex built in 1920 with 3‑bedroom/1‑bath main house plus two 1‑bedroom/1‑bath units; Main house has central A/C; Each 1‑bedroom unit has independent split A/C systems
