Triplex with New
9360 SW 37th St, Miami, FL 33165
For Sale
$930,000
Residential Income, Miami, FL
Property Size1,553 SF
Lot Size0.16 Acres
Price / SF$598.84
Days on Market48
Property Features for 9360 SW 37th St
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Amenities
open floor plan
walk-in closets
central, wall, and window A/C
fenced yard
fruit trees
mature landscaping
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
Douglas Elliman
(305) 677-5000
Listed By:
Jocsan Lopez · License FL #3219052
(786) 326-1198
Added: Sep 28
Changed: Nov 10
Last Checked: Nov 14 at 12:06AM
MLS# A12096450
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-unit property contains 1,553 square feet on a 7,000-square-foot lot. Its layout includes one 2-bedroom, 2-bathroom unit and two 1-bedroom, 1-bathroom units. The owner plans to remain in the larger apartment as a tenant for up to one year; both smaller apartments are occupied on month-to-month leases. A new roof, block construction, a fenced yard, fruit trees, mature landscaping, and parking for 3+ vehicles round out the improvements. The property was built in 1950 and has hardwood, wood, and tile flooring, with central, wall, and window air conditioning. Public sewer and cable availability are listed.
Key Highlights
- New roof
- Three units totaling 1,553 square feet
- Unit mix: one 2‑bedroom, 2‑bathroom apartment and two 1‑bedroom, 1‑bathroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,146
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,920
$622.9K
Cap Rate 7%
$444,943
$444.9K
Cap Rate 9%
$346,067
$346.1K
Market Conditions
NOI Build-Up for 1,553 SF
Gross rent
$47.5K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$44.5K $28.65/SF
− OpEx
−$13.3K −$8.60/SF
NOI
$31.1K $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%
$622,920
Cap Rate 7%
$444,943
Cap Rate 9%
$346,067
Alternative Uses
Best Use
Multifamily LT 5
$444.9K
$389.3K – $519.1K
NOI $31,146 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$409.8K
$358.6K – $478.2K
NOI $28,689 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$1.05M
$917.3K – $1.22M
NOI $73,380 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,334
Businesses Nearby
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Business Placement
Demographics for 33165, FL
54,070
Population
17,813
Households
3
Avg Household Size
47
Median Age
28%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
7,209
Density / Sq Mi
$84,086
Median Household Income
$41,657
Median Earnings
$1,796
Median Rent
$476,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Miami, FL
Properties on Market for Triplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two one-bedroom apartments have month-to-month tenants, and the owner may lease the two-bedroom unit for up to one year.
Where is this triplex located?
The property is located at 9360 SW 37th St Miami, FL.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: New roof; Three units totaling 1,553 square feet; Unit mix: one 2‑bedroom, 2‑bathroom apartment and two 1‑bedroom, 1‑bathroom apartments
