North Miami Beach Income
For Sale
$915,000
Pending
733 81st St, Miami Beach, FL 33141
Triplex with two efficiencies, potential income in North Miami Beach.
Property Size3,170 SF
Days on Market322
Property Features for 733 81st St
General Information
Standard status
Pending
Size
3,170 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$14,713
Building Details
Building Size
3,170 SF
Year Built
1950
Stories
1
Units
5
Listing Agency:
Alyons Int'l Realty Inc
Listed By:
Marina Almanzar · License #3261667
(786) 445-6304
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 6
Last Checked: Oct 12 at 9:39PM
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 Alyons Int'l Realty Inc
Investment Insights
Based on property information with market context.
This property in North Miami Beach features a triplex and two efficiencies. The property generates an income of $9,650 per month. Three of the units include light. One of the units, a 2-bedroom, 1.5-bathroom unit, has been remodeled. The building requires a new roof and general TLC. The property is located within walking distance of buses, parks, and the beach. The property has 4 code violations.
Key Highlights
- High income potential: $9,650 per month.
- Triplex with additional efficiencies. Includes a triplex and two efficiencies.
- Remodeled unit: One 2/1.5 unit is remodeled.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,843
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,860
$1.1M
Cap Rate 7%
$754,900
$754.9K
Cap Rate 9%
$587,144
$587.1K
Market Conditions
NOI Build-Up for 3,170 SF
Gross rent
$79.9K $25.20/SF
− Vacancy
−$4.4K −$1.39/SF
EGI
$75.5K $23.81/SF
− OpEx
−$22.6K −$7.14/SF
NOI
$52.8K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,860
Cap Rate 7%
$754,900
Cap Rate 9%
$587,144
Alternative Uses
Best Use
Multifamily LT 5
$754.9K
$660.5K – $880.7K
NOI $52,843 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$696.5K
$609.4K – $812.5K
NOI $48,752 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,579 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
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 - Triplex with two efficiencies, potential income in North Miami Beach.
Where is this triplex located?
The property is located at 733 81st St Miami Beach, FL.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: High income potential: $9,650 per month.; Triplex with additional efficiencies. Includes a triplex and two efficiencies.; Remodeled unit: One 2/1.5 unit is remodeled.
