Updated Triplex with Ample
For Sale
$770,000
323 NW 56th Ave, Miami, FL 33126
A renovated primary home and separate living quarters provide a multi-part residential configuration in Miami.
Property Size1,345 SF
Price / SF$572.49
Days on Market108
Property Features for 323 NW 56th Ave
General Information
Standard status
Active
Size
1,345 SF
Total Parking Spaces
7
Property subtype
Triplex
Site & Location
Neighborhood
Flagami
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,764
Building Details
Building Size
1,345 SF
Year Built
1955
Listing Agency:
Keller Williams Capital Realty
Listed By:
Malgorzata Sadowska · License #3313909
(202) 236-7040
Source:
Emporiore
Added: Jul 16
Changed: Oct 27
Last Checked: Oct 27 at 4:28AM
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
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Investment Insights
Based on property information with market context.
This Miami triplex includes a 3-bedroom, 1-bathroom primary residence and separate living quarters. The 1,345-square-foot property has a new roof, updated air conditioning, plumbing and electrical systems, plus hurricane-impact windows and doors. Interior features include an open layout, a kitchen with full-height cabinetry, a laundry room and an updated bathroom. A 90-square-foot unfinished side storage room is also on site.
Exterior features include a gated side area for boat parking and two driveways with space for up to 7 cars. The property is at 323 NW 56th Ave in Miami, approximately 5 minutes from Miami International Airport.
Exterior features include a gated side area for boat parking and two driveways with space for up to 7 cars. The property is at 323 NW 56th Ave in Miami, approximately 5 minutes from Miami International Airport.
Key Highlights
- Triplex with a 3‑bedroom, 1‑bathroom primary residence and separate living quarters
- 1,345 square feet of property area
- New roof; updated air conditioning, plumbing and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,975
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,500
$539.5K
Cap Rate 7%
$385,357
$385.4K
Cap Rate 9%
$299,722
$299.7K
Market Conditions
NOI Build-Up for 1,345 SF
Gross rent
$41.2K $30.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$38.5K $28.65/SF
− OpEx
−$11.6K −$8.60/SF
NOI
$27.0K $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%
$539,500
Cap Rate 7%
$385,357
Cap Rate 9%
$299,722
Alternative Uses
Best Use
Multifamily LT 5
$385.4K
$337.2K – $449.6K
NOI $26,975 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$355.0K
$310.6K – $414.1K
NOI $24,847 @ 7.0% cap · market cap 3.23%
Theoretical Best
Specialty Retail
$907.9K
$794.4K – $1.06M
NOI $63,552 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - A renovated primary home and separate living quarters provide a multi-part residential configuration 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 $770,000.
What are key features of this property?
This property features: Triplex with a 3‑bedroom, 1‑bathroom primary residence and separate living quarters; 1,345 square feet of property area; New roof; updated air conditioning, plumbing and electrical systems
