Triplex with Private Fenced
New
For Sale
$675,000
600 NW 116th Ter, Miami, FL 33168
Residential Income, Miami, FL
Property Size1,584 SF
Lot Size0.14 Acres
Price / SF$426.14
Days on Market2
Property Features for 600 NW 116th Ter
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
6400
Bedrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking
6
Subdivision
PARKWOOD TERRACE
Lot features
< 1/4 Acre
Standard status
Active
APN
30-21-36-032-0350
Size
1,584 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PARKWOOD TERRACE PB 22-3 LOT 28 BLK 2 LOT SIZE 56.410 X 108 OR 18359-4940-42 1198 1 COC 23217-3799 03 2005 4
Tax Annual Amount
5780
Legal Description
PARKWOOD TERRACE PB 22-3 LOT 28 BLK 2 LOT SIZE 56.410 X 108 OR 18359-4940-42 1198 1 COC 23217-3799 03 2005 4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
fenced yards
laundry inside
off-street parking
Building Details
Year built
1956
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Sigma Real Estate & Investment
(786) 790-6961
Listed By:
Kristopher Rodriguez · License #3323837
(305) 336-1843
Added: Oct 13
Last Checked: Oct 14 at 6:06AM
MLS# A12106198
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,584-square-foot triplex contains three 1-bedroom, 1-bathroom apartments, each with its own fenced yard. All three units have been remodeled, and two include in-unit laundry. The property has one water meter and off-street parking.
Set on a corner lot east of I-95, the property is currently occupied by tenants.
Set on a corner lot east of I-95, the property is currently occupied by tenants.
Key Highlights
- Three 1‑bedroom, 1‑bathroom units totaling 1,584 square feet
- Three private fenced yards, one serving each apartment
- 6k+ SF lot on a corner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,768
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,360
$635.4K
Cap Rate 7%
$453,829
$453.8K
Cap Rate 9%
$352,978
$353.0K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$48.5K $30.60/SF
− Vacancy
−$3.1K −$1.95/SF
EGI
$45.4K $28.65/SF
− OpEx
−$13.6K −$8.60/SF
NOI
$31.8K $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%
$635,360
Cap Rate 7%
$453,829
Cap Rate 9%
$352,978
Alternative Uses
Best Use
Multifamily LT 5
$453.8K
$397.1K – $529.5K
NOI $31,768 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$418.0K
$365.8K – $487.7K
NOI $29,262 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$1.07M
$935.6K – $1.25M
NOI $74,845 @ 7.0% cap · market cap 11.09%
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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
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 updated apartments are occupied, with off-street parking on a corner parcel.
Where is this triplex located?
The property is located at 600 NW 116th Ter 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 1‑bedroom, 1‑bathroom units totaling 1,584 square feet; Three private fenced yards, one serving each apartment; 6k+ SF lot on a corner
