Three-Unit
For Sale
$1,290,000
733 Northwest 33rd Avenue, Miami, FL 33125
Separately metered units provide flexible ownership and operating arrangements.
Property Size3,114 SF
Price / SF$414.26
Days on Market278
Property Features for 733 Northwest 33rd Avenue
General Information
Standard status
Active
Size
3,114 SF
Property subtype
Residential Income / Triplex
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$15,936
Building Details
Year Built
1982
Listing Agency:
Capital Intl Realty LLC
Listed By:
Sonia Petraitis · License #3283461
(305) 329-1470
Source:
Compass
Added: Jan 12
Changed: Oct 16
Last Checked: Oct 16 at 11:29AM
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 Capital Intl Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1982, this legal triplex contains three separate residential units within 3,114 square feet. Each unit has independent water and electrical metering, providing distinct utility accounting across the property. The configuration supports both investor ownership and an owner-occupant strategy.
Located at 733 Northwest 33rd Avenue in Miami, Florida, the property is minutes from Downtown Miami and major highways. Its three-unit layout and separate utility meters define the core physical and operational characteristics of the asset.
Located at 733 Northwest 33rd Avenue in Miami, Florida, the property is minutes from Downtown Miami and major highways. Its three-unit layout and separate utility meters define the core physical and operational characteristics of the asset.
Key Highlights
- Three separate residential units in a legal triplex
- 3,114 square feet across the property
- Individual water and electrical meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,453
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,060
$1.2M
Cap Rate 7%
$892,186
$892.2K
Cap Rate 9%
$693,922
$693.9K
Market Conditions
NOI Build-Up for 3,114 SF
Gross rent
$95.3K $30.60/SF
− Vacancy
−$6.1K −$1.95/SF
EGI
$89.2K $28.65/SF
− OpEx
−$26.8K −$8.60/SF
NOI
$62.5K $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%
$1,249,060
Cap Rate 7%
$892,186
Cap Rate 9%
$693,922
Alternative Uses
Best Use
Multifamily LT 5
$892.2K
$780.7K – $1.04M
NOI $62,453 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$821.8K
$719.1K – $958.8K
NOI $57,526 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$2.10M
$1.84M – $2.45M
NOI $147,138 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Separately metered units provide flexible ownership and operating arrangements.
Where is this triplex located?
The property is located at 733 Northwest 33rd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Three separate residential units in a legal triplex; 3,114 square feet across the property; Individual water and electrical meters for each unit
