Renovated Triplex with Open
For Sale
$1,236,900
842 SW 3rd St, Miami, FL 33130
Three leased units feature updated interiors, in-unit laundry, central A/C, and on-site parking.
Property Size2,184 SF
Lot Size0.17 Acres
Price / SF$566.35
Days on Market96
Property Features for 842 SW 3rd St
General Information
Standard status
Active
Size
2,184 SF
Lot size
0.17 Acres
Property subtype
Triplex
Zoning
3900
Additional Details
Highway Access
Yes
Building Details
Building Size
2,184 SF
Year Built
1938
Tenancy
Multi
Listing Agency:
Fortune Christie's International Real Estate
Listed By:
Marisol Lusardi · License #3091757
Source:
Casacollectiongroup
Added: Apr 27
Changed: Jul 31
Last Checked: Jul 31 at 11:17AM
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 Fortune Christie's International Real Estate
Investment Insights
Based on property information with market context.
Renovated triplex containing three units and 2,184 square feet, with all units occupied on annual leases that include 30-day vacate clauses. Improvements include a new roof, impact windows, central A/C, new kitchens, new baths, new flooring, new appliances, and in-unit washer/dryer. Open parking is available on the 7,500 SF lot.
The property is zoned Miami 3900, allowing 38–62 units per acre by code. It is within walking distance of Brickell City Centre, Calle Ocho, The Wharf, and Mary Brickell Village, and approximately two miles from I-95 and I-395. The property is tenant occupied, with 48-hour notice required for access.
The property is zoned Miami 3900, allowing 38–62 units per acre by code. It is within walking distance of Brickell City Centre, Calle Ocho, The Wharf, and Mary Brickell Village, and approximately two miles from I-95 and I-395. The property is tenant occupied, with 48-hour notice required for access.
Key Highlights
- Three renovated units with annual leases and 30‑day vacate clauses
- 2,184 SF triplex on a 7,500 SF lot
- Miami zoning 3900 allows 38–62 units per acre by code
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 | $66.8k | $30.60 |
| − Vacancy | −$4.3k | −$1.95 |
| EGI | $62.6k | $28.65 |
| − OpEx | −$18.8k | −$8.60 |
| NOI | $43.8k | $20.06 |
2,184 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$625.7K
$547.5K – $730.0K
NOI $43,801 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$576.4K
$504.3K – $672.4K
NOI $40,346 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,195 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three leased units feature updated interiors, in-unit laundry, central A/C, and on-site parking.
Where is this triplex located?
The property is located at 842 SW 3rd St Miami, FL.
What is the asking price?
The asking price for this property is $1,236,900.
What are key features of this property?
This property features: Three renovated units with annual leases and 30‑day vacate clauses; 2,184 SF triplex on a 7,500 SF lot; Miami zoning 3900 allows 38–62 units per acre by code
