Triplex With Oversized
37-39 NW 64th Terrace Miami, FL 33150
For Sale
Contact for pricing
For sale triplex on an oversized lot with quick access to I-95 and close proximity to Downtown, Design District, and Brickell.
Property Size3,108 SF
Price / SF$250.64
Days on Market59
Property Features for 37-39 NW 64th Terrace
General Information
- Standard status
- Active
- Size
- 3,108 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1967
Listing Agency:
Sunset Realty of Broward
Listed By:
Marcelin Paul
Source:
Crexi
Added: May 27
Changed: Jul 23
Last Checked: Jul 23 at 4:35PM
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 Sunset Realty of Broward
Investment Insights
Based on property information with market context.
This for-sale triplex is situated on an oversized lot and offers a compact multifamily configuration for income-focused ownership. The property is described as being located in the heart of Miami, with convenient access to major employment and entertainment areas.
The address is 37-39 NW 64th Terrace, Miami, FL 33150. Public remarks highlight quick access to I-95 and close proximity to Downtown, the Design District, and Brickell.
As presented, the property offers an investor or developer the opportunity to maximize the site, supported by the oversized lot size and a location near key Miami destinations.
The address is 37-39 NW 64th Terrace, Miami, FL 33150. Public remarks highlight quick access to I-95 and close proximity to Downtown, the Design District, and Brickell.
As presented, the property offers an investor or developer the opportunity to maximize the site, supported by the oversized lot size and a location near key Miami destinations.
Key Highlights
- Triplex built in 1967
- Oversized lot
- Quick access to I‑95
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 | $95.1k | $30.60 |
| − Vacancy | −$6.1k | −$1.95 |
| EGI | $89.0k | $28.65 |
| − OpEx | −$26.7k | −$8.60 |
| NOI | $62.3k | $20.06 |
3,108 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$890.5K
$779.2K – $1.04M
NOI $62,333 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$820.2K
$717.7K – $956.9K
NOI $57,415 @ 7.0% cap · market cap 7.37%
Theoretical Best
Specialty Retail
$2.10M
$1.84M – $2.45M
NOI $146,854 @ 7.0% cap · market cap 18.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - For sale triplex on an oversized lot with quick access to I-95 and close proximity to Downtown, Design District, and Brickell.
Where is this triplex located?
The property is located at 37-39 NW 64th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Triplex built in 1967; Oversized lot; Quick access to I‑95
