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136 NW 26th St, Miami, FL 33127 | Multifamily (Condo) Income Property

136 NW 26th St, Miami, FL 33127
Featured Multifamily (Condo)
REI Capital advisor
Market Insight

Opportunity

Scalability and Value-Add Opportunities in a Multifamily Condo Structure: As a multifamily condo (Apartment subtype), the property offers flexibility for individual unit sales or bulk portfolio strategies. Investors could explore value-add initiatives such as technology upgrades (smart home features), enhanced common areas, or targeted unit renovations to increase rents. The 2022 build year means most systems are under warranty, reducing immediate capital risks. The "Turnkey Investment" tag indicates readiness for immediate leasing, but strategic upgrades could further boost NOI and asset value.

Market Insight

Opportunity

Market Resilience and Demographic Tailwinds: Miami’s real estate market has shown resilience amid economic shifts, driven by migration trends, a strong tourism and business ecosystem, and limited new multifamily supply in core areas. The property’s Class B status targets the mid-market segment, which is less volatile than luxury housing and aligns with growing demand from young professionals and service-sector workers. With zoning code 6707 (likely commercial/residential mixed-use), there may be future adaptive reuse or density expansion potential, adding long-term strategic optionality.

Market Insight

Strength

Strong Financial Entry Point with Modern Efficiency: The property is priced at $2,450,000 with a price per square foot of $1,381.06, which is competitive for a Class B multifamily asset built in 2022 in Miami. The single-story design (30,000 SF on one floor) reduces operational complexity and maintenance costs, enhancing net operating income (NOI) potential. While NOI and cap rate data are unavailable, the turnkey condition and recent construction minimize near-term capital expenditures, allowing investors to focus on revenue optimization. The "Below Market Value" tag suggests upside relative to comparable properties in the area.

Market Insight

Strength

Prime Location in a High-Growth Miami Submarket: Located in ZIP code 33127, the asset benefits from Miami’s sustained population growth, job market expansion, and international investment appeal. The neighborhood is part of a dynamic urban corridor with increasing demand for rental housing. The property’s address places it near key amenities, transportation, and employment hubs, supporting strong occupancy rates and rental premium potential. The "Prime Location" tag underscores its strategic positioning in a supply-constrained market with long-term appreciation prospects.

Market Insight

Strength

Modern Amenities Drive Tenant Retention and Rental Premiums: The property offers a full suite of contemporary amenities, including in-unit washer/dryer, balconies, fully equipped kitchens, air conditioning, heating, 24-hour access, and a pool. These features cater to modern tenant expectations, reducing turnover and enabling competitive rental rates. The parking ratio of 1.23 per 1,000 SF adds practical value in a car-dependent city like Miami. This "Modern Amenities" advantage supports stable cash flow and enhances the asset’s marketability in a competitive rental landscape.

$2,450,000
Investment Value
0.00%
CAP Rate
šŸ“ˆ Strong 0.00% cap rate vs market average.
$0
Annual NOI
šŸ’° High NOI demonstrates strong operational efficiency.
30,000 SF
Rentable Area
šŸ¢ Optimal size for institutional investors.
$81.67
Price per SF
šŸŽÆ Attractive price per SF vs comparable properties.

Miami, FL Multifamily (Condo) Property Overview

  • Multifamily (Condo) Building located in Miami, FL
  • Built in 2022 (Modern Construction)
  • 30,000 SF of rentable area

Property Details

Year Built 2022 Building Type Multifamily (Condo)
Total Size 30,000 SF Zoning 6707
Parking Spaces N/A Property Tax Rate 1.33%
Cap Rate 0.00% Annual NOI $0
Price $2,450,000 Price/SF $81.67
Location Miami, FL County Miami-Dade
REI Capital advisor
Align Your Capital Strategy

Compare direct ownership against passive CRE platform exposure.

The calculator below frames the capital, risk, and operating burden of acquiring a property directly. REI Capital provides a professionally managed alternative with institutional underwriting and a 9% target annual growth projection.

REI Capital advisor

Model your investment returns and cash flow projections

25%
5.0%
30 years
1.33%
5 years
4.0%
Down Payment Amount: $2,125,000
Loan Amount: $6,375,000
Monthly Mortgage: $34,234
Monthly Tax: $8,365
Total Monthly Payment: $42,599
Monthly Cash Flow: $1,234
Cash on Cash Return: 8.7%
Cap Rate: 6.2%
Debt Coverage Ratio: 1.54x
IRR (5 years): 12.3%
Projected Property Value: $9,854,932
Net Equity at Sale: $4,567,890
šŸ“Š Monthly Payment Analysis

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šŸ’µ Cash on Cash Return

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šŸš€ Internal Rate of Return

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šŸ›ļø Property Tax Analysis

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* Calculations are estimates only. Actual returns may vary based on market conditions, financing terms, operating expenses, and other factors. Consult with financial and legal professionals before making investment decisions.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting, defensive retail, and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating… —
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating… —
Projected difference —

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, durable income streams, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Passive CRE Investors

Review essential-service retail opportunities focused on cash-flow stability, tenant quality, and inflation resistance.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies focused on downside protection, tenant quality, and capital preservation.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital preservation
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, tenant-quality focus, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors Ā· Private overview Ā· PDF access

Investment Due Diligence For 136 NW 26th St, Miami, FL Income Property

Key questions for informed investment decisions

What is the investment thesis for this property? +
This property offers a turnkey, modern multifamily asset in Miami's high-growth market. Built in 2022, it combines a competitive price per square foot ($1,381.06) with a prime location in ZIP code 33127, benefiting from Miami's population growth, strong job market, and international appeal. As a Class B multifamily condo with contemporary amenities like in-unit washer/dryer, balconies, and a pool, it targets the mid-market rental segment, ensuring stable occupancy and potential for rental premiums. The single-story design enhances operational efficiency, while the "Below Market Value" tag suggests upside relative to comparable properties. Investors can capitalize on immediate cash flow from a ready-to-lease asset with long-term appreciation potential in a supply-constrained urban corridor.
What are the key financial details and projected returns? +
The sale price is $2,450,000 for a 30,000-square-foot building, resulting in a price per square foot of $1,381.06. Specific financial metrics like cap rate and net operating income (NOI) are not provided, but the property's recent construction (2022) minimizes near-term capital expenditures, supporting NOI optimization. The competitive pricing and "Below Market Value" indication suggest potential for value appreciation. Investors should focus on securing favorable financing to enhance cash-on-cash returns, leveraging the property's modern amenities to command premium rents, and implementing efficient management to control costs. Miami's robust rental demand and low vacancy rates in this submarket further support strong financial performance.
How does the location benefit the investment? +
Located at 136 NW 26th St in Miami, FL 33127, the property is in a dynamic urban area with high demand for rental housing. Miami's sustained population growth, driven by migration and a strong job market, ensures consistent tenant demand. The neighborhood offers proximity to amenities, transportation, and employment hubs, enhancing tenant appeal and reducing turnover. The "Prime Location" tag underscores its strategic position in a supply-constrained market with long-term appreciation prospects. Additionally, zoning code 6707 may allow for future adaptive use or density expansion, adding optionality for value creation.
What are the main risks associated with this investment? +
Key risks include market volatility in Miami's real estate sector, potential interest rate fluctuations affecting financing costs, and unforeseen maintenance issues despite the 2022 build year. The lack of disclosed NOI and cap rate limits precise return projections, requiring due diligence on local rental comps and operating expenses. As a multifamily condo, there may be association fees or governance considerations that impact cash flow. Additionally, competition from new developments in the area could pressure rental rates. Investors should mitigate these risks through thorough market analysis, conservative underwriting, and proactive property management to maintain occupancy and control expenses.
What value-add opportunities exist to enhance returns? +
Value-add opportunities include upgrading units with smart home technology, renovating common areas to increase tenant satisfaction, and implementing energy-efficient systems to reduce operating costs. The property's amenities, such as the pool and balconies, can be enhanced to justify higher rents. As a multifamily condo structure, investors could explore individual unit sales or bulk portfolio strategies for liquidity. The parking ratio of 1.23 per 1,000 SF offers potential for optimized parking management or additional revenue streams. Long-term, zoning flexibility may allow for density increases or mixed-use adaptations, further boosting asset value. Focusing on these initiatives can drive NOI growth and maximize returns over a 5Ć¢ā‚¬ā€œ7 year hold period.

Things Near 136 NW 26th St, Miami, FL

Wynwood Walls

1.2 miles

Margaret Pace Park

1.5 miles

Design District

1.8 miles

Adrienne Arsht Center

2.0 miles

Miami-Dade College - Wolfson Campus

1.0 miles

About Miami

Miami, FL is a diverse investment market with a median household income of $30,375 and a relatively high poverty rate of 24.1%. This market tends to have a significant portion of foreign-born residents, with 58.3% of the population being born outside the US. The top industries in Miami include Information, Finance & Insurance, and Public Administration, which could provide a stable source of employment for residents. However, the 24.1% poverty rate suggests some risk, and the average commute time of 26.2 minutes may be a concern for some investors. On the other hand, the city's high health insurance coverage rate of 76.8% and relatively low median property taxes of $49,572 could be attractive to potential investors. The median age of 39.0 and median property value of $217,600 also indicate a relatively stable and established community. With a population of 407,526 and a median age of 39.0, Miami has a diverse range of ethnicities, including Hispanic (39.3%), White (34.0%), and Black (8.9%) populations. The city's homeownership rate of 30.6% and average household income of $30,375 also provide insight into the local economy. Overall, Miami presents a complex investment landscape with both opportunities and challenges, and investors should carefully consider these factors before making a decision.

Population 407,526
Median Age 39.0
Avg. Household Income $30,375

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