Three-Unit Residential
New
For Sale
$519,000
526 NW 44th Avenue, Miami, FL 33126
Three living units with front parking support owner-occupancy or rental use in Miami.
Property Size2,014 SF
Price / SF$266.15
Days on Market5
Property Features for 526 NW 44th Avenue
General Information
Standard status
Active
Size
2,014 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
5700
Additional Details
Furnished
No
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,546
Building Details
Building Size
2,014 SF
Year Built
1930
Stories
1
Listing Agency:
NuFront International Realty
Listed By:
Raul M Gonzalez · License #3387917
(305) 785-3030
Source:
Laerrealty
Added: Sep 19
Changed: Sep 22
Last Checked: Sep 22 at 1:47PM
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 NuFront International Realty
Investment Insights
Based on property information with market context.
Built in 1930, this Miami residential income property contains three living units with a combined configuration of 3 bedrooms and 2.5 baths. Front parking spaces serve the property, while zoning is identified as 5700. The asset may suit an owner-occupant or an investor pursuing rental income.
The property is located near major roads, shopping, dining, schools, and other everyday amenities. Its address is 526 NW 44th Avenue, Miami, FL 33126. Photos have been virtually staged, and any furniture shown is illustrative only.
The property is located near major roads, shopping, dining, schools, and other everyday amenities. Its address is 526 NW 44th Avenue, Miami, FL 33126. Photos have been virtually staged, and any furniture shown is illustrative only.
Key Highlights
- Three living units in a multifamily property
- 3 bedrooms and 2.5 baths
- Front parking spaces
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
$39,108
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
7.54%
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%
$782,160
$782.2K
Cap Rate 7%
$558,686
$558.7K
Cap Rate 9%
$434,533
$434.5K
Market Conditions
NOI Build-Up for 1,950 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
$59.7K $30.60/SF
− Vacancy
−$3.8K −$1.95/SF
EGI
$55.9K $28.65/SF
− OpEx
−$16.8K −$8.60/SF
NOI
$39.1K $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%
$782,160
Cap Rate 7%
$558,686
Cap Rate 9%
$434,533
Alternative Uses
Best Use
Multifamily LT 5
$558.7K
$488.9K – $651.8K
NOI $39,108 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$514.6K
$450.3K – $600.4K
NOI $36,023 @ 7.0% cap · market cap 6.94%
Theoretical Best
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,138 @ 7.0% cap · market cap 17.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,279
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Three living units with front parking support owner-occupancy or rental use in Miami.
Where is this triplex located?
The property is located at 526 NW 44th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Three living units in a multifamily property; 3 bedrooms and 2.5 baths; Front parking spaces
