Tenant-Occupied
For Sale
$730,000
210 SW 3rd St, Florida City, FL 33034
Residential Income, Florida City, FL
Property Size2,160 SF
Price / SF$337.96
Days on Market46
Property Features for 210 SW 3rd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 2
Parking
4
Subdivision
TOWN OF FLORIDA CITY
Lot features
< 1/4 Acre
Standard status
Active
APN
16-78-24-007-3390
Size
2,160 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TWN OF FLA CITY PB 2-74 LOT 13 BLK 33 LOT SIZE 50.000 X 150
Tax Annual Amount
10250
Legal Description
TWN OF FLA CITY PB 2-74 LOT 13 BLK 33 LOT SIZE 50.000 X 150
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2024
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Reginald Brooks · License #3447330
(305) 978-7588
Added: Jul 18
Changed: Aug 29
Last Checked: Sep 1 at 11:06AM
MLS# A11968416
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.
Investment Insights
Based on property information with market context.
This duplex contains 2,160 square feet and was built in 2024 with block construction. Interior features include ceramic tile flooring, central heating, and central air conditioning. The property is currently tenant-occupied and includes on-site parking.
Located in Florida City, the property provides access to the Florida Turnpike and US-1. Public sewer service is in place, and cable is available. Its existing occupancy, recent construction, and functional building systems provide a clear operating profile for a residential income property.
Located in Florida City, the property provides access to the Florida Turnpike and US-1. Public sewer service is in place, and cable is available. Its existing occupancy, recent construction, and functional building systems provide a clear operating profile for a residential income property.
Key Highlights
- 2,160‑square‑foot duplex built in 2024
- Currently tenant‑occupied
- Block construction with ceramic tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,007
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$720,140
$720.1K
Cap Rate 7%
$514,386
$514.4K
Cap Rate 9%
$400,078
$400.1K
Market Conditions
NOI Build-Up for 2,160 SF
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.
Gross rent
$54.4K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.4K $23.81/SF
− OpEx
−$15.4K −$7.14/SF
NOI
$36.0K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$720,140
Cap Rate 7%
$514,386
Cap Rate 9%
$400,078
Alternative Uses
Best Use
Multifamily LT 5
$514.4K
$450.1K – $600.1K
NOI $36,007 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.10M
$958.9K – $1.28M
NOI $76,710 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
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?
Duplex - Block construction, central HVAC, ceramic tile flooring, and on-site parking support practical residential use.
Where is this duplex located?
The property is located at 210 SW 3rd St Florida City, FL.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 2,160‑square‑foot duplex built in 2024; Currently tenant‑occupied; Block construction with ceramic tile flooring
