Remodeled Triplex Near the
630 79th Street, Miami Beach, FL 33141
Income-generating triplex near the beach with tenant-occupied units.
Type:Multi-Family Income / Triplex
Property size:
4,306 SFPrice / SF:
$323/SF- Added:
- Dec 24, 2025
- Days on Market:
- 159
- Last Refresh:
- Mar 13 at 2:52 pm
Property Features for 630 79th Street
General Information
- Standard status
- Active
- Size
- 4,306 SF
- Property subtype
- Multi-Family Income / Triplex
Building Details
- Year Built
- 1940
Listing agent Alejandro Salazar License #3237376 (305) 230-4750
Listing office Solutions RE, LLC (305) 230-4750
Listing date Dec 24, 2025
Source Compass
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 Solutions RE, LLC
HighLights
- Income‑generating triplex featuring two 2/1 apartments and a 3/2 house.
- Prime location: just blocks from the beach in a charming residential neighborhood.
- New hurricane impact windows with a 40‑year certificate.
- Two private parking spaces plus a one‑car garage.
- Tenant‑occupied, providing immediate rental income.
- High potential for long‑term value in Miami Beach.
Overview
This remodeled triplex is located in a residential neighborhood a few blocks from the beach. The property consists of three individual units: two 2-bedroom, 1-bathroom apartments and one 3-bedroom, 2-bathroom house. All units are currently tenant-occupied, making it an income-generating property. The building has new hurricane impact windows and a 40-year certificate. The property provides two private parking spaces and a one-car garage for the main house, with additional residential street parking available. The property size is 4306 square feet. This Miami Beach area offers potential and long-term value for investors.
Local 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 | $108.5k | $25.20 |
| − Vacancy | −$6.0k | −$1.39 |
| EGI | $102.5k | $23.81 |
| − OpEx | −$30.8k | −$7.14 |
| NOI | $71.8k | $16.67 |
4,306 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$897.3K – $1.20M
NOI $71,780 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$946.0K
$827.8K – $1.10M
NOI $66,223 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,923 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.154812
- Latitude
- 25.84809
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Income-generating triplex near the beach with tenant-occupied units.
Where is this triplex located?
The property is located at 630 79th Street Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Income‑generating triplex featuring two 2/1 apartments and a 3/2 house.; Prime location: just blocks from the beach in a charming residential neighborhood.; **New hurricane impact windows with a 40‑year certificate.**
