Triplex Residential Income
323 NW 56th Ave Miami, FL 33126
New
323 NW 56th Ave, Miami, FL, 33126
$800,000
For Sale
$800,000
Well-suited for an investor, this triplex offers residential income in Miami.
Property Size1,345 SF
Price / SF$594.80
Days on Market7
Property Features for 323 NW 56th Ave
General Information
- Standard status
- Active
- Size
- 1,345 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1955
Listing agency
Keller Williams Capital Realty
(305) 204-2462
Listed by
Malgorzata Sadowska · License #3085829
(305) 204-2462
Source
Riserealty
Added: Jul 16 Updated: Jul 20 at 3:59AM Checked: Jul 21 at 3:24AM
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 Keller Williams Capital Realty
Investment Insights
Based on property information with market context.
This property is a triplex designed as residential income housing. It includes three separate dwelling units under one ownership, providing a straightforward multifamily structure for an investor seeking rental income.
The asset is located at 323 NW 56th Ave in Miami, Florida, and is being offered for sale.
With its triplex configuration, the property is suited for buyers looking to own a small, multi-unit residential income asset.
The asset is located at 323 NW 56th Ave in Miami, Florida, and is being offered for sale.
With its triplex configuration, the property is suited for buyers looking to own a small, multi-unit residential income asset.
Key Highlights
- Triplex with residential rental income
- Built in 1955
Local 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 | $41.2k | $30.60 |
| − Vacancy | −$2.6k | −$1.95 |
| EGI | $38.5k | $28.65 |
| − OpEx | −$11.6k | −$8.60 |
| NOI | $27.0k | $20.06 |
1,345 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$385.4K
$337.2K – $449.6K
NOI $26,975 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$355.0K
$310.6K – $414.1K
NOI $24,847 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$907.9K
$794.4K – $1.06M
NOI $63,552 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-suited for an investor, this triplex offers residential income in Miami.
Where is this triplex located?
The property is located at 323 NW 56th Ave Miami, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Triplex with residential rental income; Built in 1955
