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Turnkey Income Triplex

9415 & 9417 A & B SW 38th St Miami, FL 33165

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9415 & 9417 A & B SW 38th St, Miami, FL, 33165
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Renovated triplex with three rental units and coin-operated laundry, supported by ample on-site parking.

Property Size2,612 SF
Lot Size0.24 Acres
Price / SF$497.70
AddedJul 11
Days on Market5
Last RefreshJul 15 at 3:23 am

Property Features for 9415 & 9417 A & B SW 38th St

General Information

Standard status
Active
Size
2,612 SF
Lot size
0.24 Acres
Property subtype
Multifamily

Building Details

Year Built
1955

Listing office Real Estate Sales Force

Listing date Jul 11, 2026

Source Crexi

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 Real Estate Sales Force


Investment Insights

Based on property information with market context.

This turnkey income triplex has been completely renovated and freshly painted, offering three separate residential units. The property includes a 3-bedroom/1-bath unit, a 2-bedroom/2-bath unit, and a 1-bedroom/1-bath unit. A coin-operated washing machine is also on site, providing an additional income stream.

The property is located in Westchester and accessed via SW 38th St, with convenient access to major expressways plus nearby shopping, dining, and everyday amenities. It sits on an oversized 10,500 SF lot with ample on-site parking.

Showings are by appointment only, and tenant privacy must be respected—please do not disturb occupants. Contact the listing agent for scheduling.

Key Highlights

  • Completely renovated triplex on a 10,500 SF lot with ample on‑site parking
  • Three rental units: 3BD/1BA, 2BD/2BA, and 1BD/1BA residences
  • Includes coin‑operated washing machine for additional tenant convenience and income

Local 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 $79.9k $30.60
− Vacancy −$5.1k −$1.95
EGI $74.8k $28.65
− OpEx −$22.5k −$8.60
NOI $52.4k $20.06
2,612 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$748.4K
$654.8K – $873.1K (±1% cap)
NOI $52,385 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$689.3K
$603.2K – $804.2K (±1% cap)
NOI $48,253 @ 7.0% cap · market cap 3.71%
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.06M (±1% cap)
NOI $123,418 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Law Firm Grocery & Convenience Store Cafe & Coffee Shop Bar & Pub Pet Grooming Service Catering Service (Bike/Boat/Book/etc) Store Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Renovated triplex with three rental units and coin-operated laundry, supported by ample on-site parking.
Where is this triplex located?
The property is located at 9415 & 9417 A & B SW 38th St Miami, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Completely renovated triplex on a 10,500 SF lot with ample on‑site parking; Three rental units: 3BD/1BA, 2BD/2BA, and 1BD/1BA residences; Includes coin‑operated washing machine for additional tenant convenience and income
Contact an agent
(305) 305-5722 Call to check price and availability
More about this property
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