Renovated Triplex with Three
For Sale
$675,000
57 NW 68th Street, Miami, FL 33150
Two two-bedroom residences and a studio create a flexible three-unit residential configuration.
Property Size1,968 SF
Days on Market59
Property Features for 57 NW 68th Street
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,207
Building Details
Building Size
1,968 SF
Year Built
1948
Listing Agency:
Avenew Realty Corp
Listed By:
Horacio Ferrando · License #3374130
(786) 397-9417
Source:
Silverleafrealtygroup
Added: Aug 11
Changed: Sep 25
Last Checked: Oct 7 at 3:58PM
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 Avenew Realty Corp
Investment Insights
Based on property information with market context.
This renovated triplex, built in 1948, contains three separate residences: two two-bedroom, one-bath units and a studio with a full bathroom, kitchen sink, and refrigerator. Updated interiors, generously sized bedrooms, and open living areas are complemented by a large yard and on-site parking.
The property is located at 57 NW 68th Street in Miami, Florida, with access to major expressways, shopping centers, restaurants, schools, parks, and public transportation. Downtown Miami, Wynwood, the Miami Design District, Miami Beach, and Miami International Airport are also within the surrounding area. The three-unit layout supports separate residential occupancy and rental use within one property.
The property is located at 57 NW 68th Street in Miami, Florida, with access to major expressways, shopping centers, restaurants, schools, parks, and public transportation. Downtown Miami, Wynwood, the Miami Design District, Miami Beach, and Miami International Airport are also within the surrounding area. The three-unit layout supports separate residential occupancy and rental use within one property.
Key Highlights
- Three separate residences: two 2‑bedroom, 1‑bath units and one studio
- Studio includes a full bathroom, kitchen sink, and refrigerator
- Renovated interiors with generously sized bedrooms and open living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,469
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,380
$789.4K
Cap Rate 7%
$563,843
$563.8K
Cap Rate 9%
$438,544
$438.5K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$60.2K $30.60/SF
− Vacancy
−$3.8K −$1.95/SF
EGI
$56.4K $28.65/SF
− OpEx
−$16.9K −$8.60/SF
NOI
$39.5K $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%
$789,380
Cap Rate 7%
$563,843
Cap Rate 9%
$438,544
Alternative Uses
Best Use
Multifamily LT 5
$563.8K
$493.4K – $657.8K
NOI $39,469 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$519.4K
$454.5K – $605.9K
NOI $36,356 @ 7.0% cap · market cap 5.39%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,989 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,183
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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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 - Two two-bedroom residences and a studio create a flexible three-unit residential configuration.
Where is this triplex located?
The property is located at 57 NW 68th Street Miami, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three separate residences: two 2‑bedroom, 1‑bath units and one studio; Studio includes a full bathroom, kitchen sink, and refrigerator; Renovated interiors with generously sized bedrooms and open living areas
