Renovated Triplex in Buena
For Sale
$1,450,000
36 NW 52nd St, Miami, FL 33127
Fully renovated triplex in desirable Buena Vista area.
Property Size2,084 SF
Days on Market273
Property Features for 36 NW 52nd St
General Information
Standard status
Active
Size
2,084 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$12,349
Building Details
Building Size
2,084 SF
Year Built
1955
Stories
1
Listing Agency:
Molina Realty
(917) 675-9832
Listed By:
Ekaterina Molina · License #3388141
(917) 675-9832
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 14
Last Checked: Aug 26 at 9:15AM
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 Molina Realty
Investment Insights
Based on property information with market context.
This is a fully renovated triplex located in the highly desirable Buena Vista area. The entire property has been renovated and features new floors, bathrooms, kitchens, hurricane impact windows, plumbing, and roof. Additional features include a grill area and an electric fence. The property is situated minutes away from the Design District, Wynwood, Edgewater, and Midtown. Lush landscaping surrounds the building. The property is always rented.
Key Highlights
- Fully renovated triplex throughout entire property, including floors, bathrooms, and kitchens.
- Located in the highly desirable Buena Vista area, close to Design District, Wynwood, Edgewater, and Midtown.
- New hurricane impact windows and new roof offer peace of mind.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,796
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$835,920
$835.9K
Cap Rate 7%
$597,086
$597.1K
Cap Rate 9%
$464,400
$464.4K
Market Conditions
NOI Build-Up for 2,084 SF
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.
Gross rent
$63.8K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$59.7K $28.65/SF
− OpEx
−$17.9K −$8.60/SF
NOI
$41.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$835,920
Cap Rate 7%
$597,086
Cap Rate 9%
$464,400
Alternative Uses
Best Use
Multifamily LT 5
$597.1K
$522.5K – $696.6K
NOI $41,796 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$550.0K
$481.2K – $641.7K
NOI $38,499 @ 7.0% cap · market cap 2.66%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,470 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,633
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated triplex in desirable Buena Vista area.
Where is this triplex located?
The property is located at 36 NW 52nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Fully renovated triplex throughout entire property, including floors, bathrooms, and kitchens.; Located in the highly desirable Buena Vista area, close to Design District, Wynwood, Edgewater, and Midtown.; New hurricane impact windows and new roof offer peace of mind.
