Triplex with Impact
For Sale
$770,000
323 NW 56th Ave, Miami, FL 33126
Residential Income, Miami, FL
Property Size1,345 SF
Price / SF$572.49
Days on Market92
Property Features for 323 NW 56th Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
5700
Bedrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1
Parking
7
Security features
Security
Patio and Porch features
Porch
Exterior features
Fence, Fruit Trees, Lighting, Porch, Room For Pool, Shed, Security/High Impact Doors
Fencing
Fenced
Subdivision
IDEAL HOMES SUB NO 7
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-06-066-0070
Size
1,345 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
IDEAL HOMES SUB NO 7 PB 61-13 LOT 7 BLK 1 LOT SIZE 65.000 X 104
Tax Annual Amount
8764
Legal Description
IDEAL HOMES SUB NO 7 PB 61-13 LOT 7 BLK 1 LOT SIZE 65.000 X 104
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air, Zoned
Water source
Public
Amenities
laundry room
chef's kitchen
boat parking
Building Details
Year built
1955
Floors in Building
1
Flooring type
Tile, Tile - Ceramic, Laminate, Tile - Porcelian
Building materials
Block
Roof type
Shingle
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Malgorzata Sadowska · License #3313909
(305) 204-2462
Added: Jul 18
Changed: Oct 17
Last Checked: Oct 17 at 8:06AM
MLS# A12053829
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,345-square-foot triplex, built in 1955, includes a three-bedroom, one-bathroom main residence and additional separate living quarters. The main home has an open layout, a kitchen with full-height cabinetry, a laundry room and an updated bathroom. A new roof and like-new air conditioning, plumbing and electrical systems are reported, along with impact-resistant windows and doors. The exterior includes a fenced yard, a porch, two driveways with parking for up to 7 cars, and a 90-square-foot unfinished side storage room.
The property is approximately 5 minutes from Miami International Airport and near Coral Gables, Brickell, Coconut Grove, Wynwood and area beaches. Public water and sewer service are available.
The property is approximately 5 minutes from Miami International Airport and near Coral Gables, Brickell, Coconut Grove, Wynwood and area beaches. Public water and sewer service are available.
Key Highlights
- Triplex with 1,345 square feet of property size
- Main residence has 3 bedrooms and 1 bathroom, with separate additional living quarters
- New roof; air conditioning, plumbing and electrical systems described as like‑new
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.
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The property pairs a renovated main residence with additional independent living space.
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 1,345 square feet of property size; Main residence has 3 bedrooms and 1 bathroom, with separate additional living quarters; New roof; air conditioning, plumbing and electrical systems described as like‑new
