Triplex with Two-Story Apartment
For Sale
$950,000
3035 NW 93rd St, Miami, FL 33147
RU-3B-Bungalow Court District zoning and three distinct residential units shape the property's configuration.
Property Size2,641 SF
Lot Size0.32 Acres
Price / SF$359.71
Days on Market206
Property Features for 3035 NW 93rd St
General Information
Standard status
Active
Size
2,641 SF
Lot size
0.32 Acres
Property subtype
Triplex
Zoning
RU-3B-Bungalow Court District
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,642
Building Details
Building Size
2,641 SF
Year Built
1924
Buildings
2
Construction
CBS
Listing Agency:
The Keyes Company
Listed By:
Elizabeth Perez · License #3032533
(305) 984-6344
Source:
Emporiore
Added: Apr 6
Changed: Oct 27
Last Checked: Oct 26 at 4:38PM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
The property contains three residences: a single-family home with 3 bedrooms and 2 bathrooms, plus a two-story structure with two 1-bedroom, 1-bathroom units. Combined building area is 2,641 square feet on a 14,000-square-foot lot. The buildings are CBS construction, and the property dates to 1924.
Zoning is RU-3B-Bungalow Court District. The property is offered in as-is condition, with no repairs by the seller.
Zoning is RU-3B-Bungalow Court District. The property is offered in as-is condition, with no repairs by the seller.
Key Highlights
- Three residential units: one 3‑bedroom/2‑bath home and two 1‑bedroom/1‑bath units
- 2,641 square feet of building area on a 14,000‑square‑foot lot
- Two‑story building contains the pair of 1‑bedroom/1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,967
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,340
$1.1M
Cap Rate 7%
$756,671
$756.7K
Cap Rate 9%
$588,522
$588.5K
Market Conditions
NOI Build-Up for 2,641 SF
Gross rent
$80.8K $30.60/SF
− Vacancy
−$5.1K −$1.95/SF
EGI
$75.7K $28.65/SF
− OpEx
−$22.7K −$8.60/SF
NOI
$53.0K $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%
$1,059,340
Cap Rate 7%
$756,671
Cap Rate 9%
$588,522
Alternative Uses
Best Use
Multifamily LT 5
$756.7K
$662.1K – $882.8K
NOI $52,967 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$697.0K
$609.9K – $813.1K
NOI $48,788 @ 7.0% cap · market cap 5.14%
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,788 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
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Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - RU-3B-Bungalow Court District zoning and three distinct residential units shape the property's configuration.
Where is this triplex located?
The property is located at 3035 NW 93rd St Miami, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three residential units: one 3‑bedroom/2‑bath home and two 1‑bedroom/1‑bath units; 2,641 square feet of building area on a 14,000‑square‑foot lot; Two‑story building contains the pair of 1‑bedroom/1‑bath units
