Turnkey Investment Property in
For Sale
$785,000
7230 NW 3rd St, Miami, FL 33126
Remodeled investment property near MIA and Downtown Miami.
Property Size2,226 SF
Days on Market465
Property Features for 7230 NW 3rd St
General Information
Standard status
Active
Size
2,226 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,129
Building Details
Building Size
2,226 SF
Year Built
1955
Listing Agency:
Gabriela Rodino Group LLC
Listed By:
Gabriela Rodino · License #3375414
(305) 338-5355
Source:
Marcelosteinmander
Added: Jul 14, 2025
Changed: Oct 17
Last Checked: Oct 19 at 5:26PM
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 Gabriela Rodino Group LLC
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Investment Insights
Based on property information with market context.
This is an investment opportunity featuring a completely remodeled, turnkey property. The property is centrally located and situated minutes from Miami International Airport and Downtown Miami. It generates a gross annual income of $84,600 and nets $59,040, representing a 7.62% ROI.
Key Highlights
- High Net Operating Income: $59,040 annually.
- Strong Return on Investment: 7.62% ROI.
- Turnkey & Remodeled: Ready for immediate occupancy and rental.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,122
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,440
$822.4K
Cap Rate 7%
$587,457
$587.5K
Cap Rate 9%
$456,911
$456.9K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$80.1K $36.00/SF
− Vacancy
−$5.4K −$2.41/SF
EGI
$74.8K $33.59/SF
− OpEx
−$33.6K −$15.11/SF
NOI
$41.1K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,440
Cap Rate 7%
$587,457
Cap Rate 9%
$456,911
Alternative Uses
Best Use
Apartment 5plus
$587.5K
$514.0K – $685.4K
NOI $41,122 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,180 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,874
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled investment property near MIA and Downtown Miami.
Where is this apartment building located?
The property is located at 7230 NW 3rd St Miami, FL.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: High Net Operating Income: $59,040 annually.; Strong Return on Investment: 7.62% ROI.; Turnkey & Remodeled: Ready for immediate occupancy and rental.
