Newly Built Triplex
4139 Northwest 23rd Avenue Miami, FL 33142
For Sale
$559,000
New 2024 triplex with two furnished 1-bedroom units and a renovated efficiency studio.
Property Size1,046 SF
Price / SF$534.42
Days on Market397
Property Features for 4139 Northwest 23rd Avenue
General Information
- Standard status
- Active
- Size
- 1,046 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1949
Listing Agency:
One Way Realty Group, LLC
(305) 497-4077
Listed By:
Nazerke Karina · License #3590225
(305) 497-4077
Source:
Compass
Added: Jun 23, 2025
Changed: Jul 23
Last Checked: Jul 23 at 12:50PM
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 One Way Realty Group, LLC
Investment Insights
Based on property information with market context.
Newly constructed in 2024, this fully furnished triplex includes two 1BD/1BA units and one legal, renovated efficiency studio. Each unit features a 2024 mini split system, vinyl flooring, and brand new appliances. The property is equipped with hurricane-impact windows, PVC plumbing, and electric tankless water heaters. A shingle roof was installed in 2024.
The exterior includes a brand new concrete driveway that accommodates up to 6 cars. Durafence was installed in 2025, and three mature mango trees are on site.
The property is described as turnkey and ready to move in, with a cash-only sale. It’s configured to support live-in ownership while renting the remaining units.
The exterior includes a brand new concrete driveway that accommodates up to 6 cars. Durafence was installed in 2025, and three mature mango trees are on site.
The property is described as turnkey and ready to move in, with a cash-only sale. It’s configured to support live-in ownership while renting the remaining units.
Key Highlights
- New 2024 triplex with two furnished 1BD/1BA units and one legal renovated efficiency studio
- Hurricane‑impact windows plus PVC plumbing and electric tankless water heaters
- Each unit includes its own 2024 mini split system for heating and cooling
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 | $32.0k | $30.60 |
| − Vacancy | −$2.0k | −$1.95 |
| EGI | $30.0k | $28.65 |
| − OpEx | −$9.0k | −$8.60 |
| NOI | $21.0k | $20.06 |
1,046 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.7K
$262.2K – $349.6K
NOI $20,978 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$276.0K
$241.5K – $322.1K
NOI $19,323 @ 7.0% cap · market cap 3.46%
Theoretical Best
Specialty Retail
$706.1K
$617.8K – $823.7K
NOI $49,424 @ 7.0% cap · market cap 8.84%
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 - New 2024 triplex with two furnished 1-bedroom units and a renovated efficiency studio.
Where is this triplex located?
The property is located at 4139 Northwest 23rd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: New 2024 triplex with two furnished 1BD/1BA units and one legal renovated efficiency studio; Hurricane‑impact windows plus PVC plumbing and electric tankless water heaters; Each unit includes its own 2024 mini split system for heating and cooling
