Triplex with Detached Guest
For Sale
$780,000
529 SW 79th Avenue, Miami, FL 33144
Three distinct living areas offer flexible occupancy and rental-use options.
Property Size1,663 SF
Days on Market72
Property Features for 529 SW 79th Avenue
General Information
Standard status
Active
Size
1,663 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,636
Building Details
Building Size
1,663 SF
Year Built
1955
Listing Agency:
Bravo & Partners Realty
Listed By:
Dalia Orta · License #0679853
(786) 277-4523
Source:
Silverleafrealtygroup
Added: Aug 5
Changed: Oct 13
Last Checked: Oct 13 at 2:42AM
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 Bravo & Partners Realty
Investment Insights
Based on property information with market context.
This Miami property contains three separate living areas within a versatile residential configuration. The primary residence includes 2 bedrooms and 1 bathroom, while an attached 1-bedroom, 1-bath unit provides additional space. A detached guest house adds a third 1-bedroom, 1-bath living area and is identified as fully legal. Built in 1955, the property is situated in a Duplex-zoned area.
The location provides access to major expressways, shopping centers, supermarkets, restaurants, parks, schools, and other Miami amenities. The layout can accommodate a range of occupancy arrangements, including use by an owner alongside additional residential units.
The location provides access to major expressways, shopping centers, supermarkets, restaurants, parks, schools, and other Miami amenities. The layout can accommodate a range of occupancy arrangements, including use by an owner alongside additional residential units.
Key Highlights
- Three living areas: a 2‑bedroom, 1‑bath main residence, attached 1‑bedroom, 1‑bath unit, and detached 1‑bedroom, 1‑bath guest house
- Detached guest house is identified as fully legal
- Property is located in a Duplex‑zoned area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,352
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,040
$667.0K
Cap Rate 7%
$476,457
$476.5K
Cap Rate 9%
$370,578
$370.6K
Market Conditions
NOI Build-Up for 1,663 SF
Gross rent
$50.9K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$47.6K $28.65/SF
− OpEx
−$14.3K −$8.60/SF
NOI
$33.4K $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%
$667,040
Cap Rate 7%
$476,457
Cap Rate 9%
$370,578
Alternative Uses
Best Use
Multifamily LT 5
$476.5K
$416.9K – $555.9K
NOI $33,352 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$438.9K
$384.0K – $512.0K
NOI $30,721 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$1.12M
$982.2K – $1.31M
NOI $78,577 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 33144, FL
25,814
Population
9,665
Households
2.7
Avg Household Size
48
Median Age
28%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
8,327
Density / Sq Mi
$59,207
Median Household Income
$35,051
Median Earnings
$1,730
Median Rent
$440,600
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living areas offer flexible occupancy and rental-use options.
Where is this triplex located?
The property is located at 529 SW 79th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Three living areas: a 2‑bedroom, 1‑bath main residence, attached 1‑bedroom, 1‑bath unit, and detached 1‑bedroom, 1‑bath guest house; Detached guest house is identified as fully legal; Property is located in a Duplex‑zoned area
