Duplex Cash-Flow
For Sale
$500,000
3240 NW 10th Ave, Miami, FL 33127
MULTI_FAMILY - Miami, FL
Property Size1,296 SF
Price / SF$385.80
Days on Market37
Property Features for 3240 NW 10th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking
4
Subdivision
JEWELL HEIGHTS
Standard status
Active
APN
01-31-26-028-0380
Size
1,296 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
26 53 41 JEWELL HGTS PB 11-65 LOT 2 BLK 4 LOT SIZE 48.000 X 100 OR16466-1333 0894 1 COC 25416-4350 02 2007 5
Tax Annual Amount
7823
Legal Description
26 53 41 JEWELL HGTS PB 11-65 LOT 2 BLK 4 LOT SIZE 48.000 X 100 OR16466-1333 0894 1 COC 25416-4350 02 2007 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Building Details
Year built
1953
Floors in Building
1
Listing Agency:
Fortune International Realty
(305) 400-6393
Listed By:
Verania Belausteguigoitia · License #0701376
(305) 343-1678
Added: Jul 8
Changed: Aug 7
Last Checked: Aug 13 at 9:06AM
MLS# A12029762
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 at 3240 NW 10th Ave, Miami, FL 33127 was built in 1953 and totals 1,296 SF. The unit layout includes two bedrooms and two bathrooms based on the provided room information, and the property is served by public sewer. Cable service is listed as available.
The property is identified as an Opportunity Zone. Tenant-paid utilities include water, sewer, and electric, which may help simplify operating expenses for an owner. The transaction includes specific occupancy-handling requirements: only showings with a letter of intent (LOI) and proof of funds, and you must not disturb tenants.
The existing configuration supports straightforward duplex leasing. For buyers evaluating a cash-flowing residential income property, the key considerations here are the two-unit duplex setup, the utility arrangement where tenants pay water, sewer, and electric, and the Opportunity Zone designation.
The property is identified as an Opportunity Zone. Tenant-paid utilities include water, sewer, and electric, which may help simplify operating expenses for an owner. The transaction includes specific occupancy-handling requirements: only showings with a letter of intent (LOI) and proof of funds, and you must not disturb tenants.
The existing configuration supports straightforward duplex leasing. For buyers evaluating a cash-flowing residential income property, the key considerations here are the two-unit duplex setup, the utility arrangement where tenants pay water, sewer, and electric, and the Opportunity Zone designation.
Key Highlights
- Built in 1953 duplex totaling 1,296 SF
- Two bedrooms and two bathrooms per room layout
- Tenants pay water, sewer, and electric
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
$25,992
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
5.20%
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%
$519,840
$519.8K
Cap Rate 7%
$371,314
$371.3K
Cap Rate 9%
$288,800
$288.8K
Market Conditions
NOI Build-Up for 1,296 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
$39.7K $30.60/SF
− Vacancy
−$2.5K −$1.95/SF
EGI
$37.1K $28.65/SF
− OpEx
−$11.1K −$8.60/SF
NOI
$26.0K $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 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%
$519,840
Cap Rate 7%
$371,314
Cap Rate 9%
$288,800
Alternative Uses
Best Use
Multifamily LT 5
$371.3K
$324.9K – $433.2K
NOI $25,992 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$342.0K
$299.3K – $399.0K
NOI $23,942 @ 7.0% cap · market cap 4.79%
Theoretical Best
Specialty Retail
$874.8K
$765.5K – $1.02M
NOI $61,237 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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?
Duplex - Duplex built in 1953 with two bedrooms and public sewer, with tenants paying water, sewer, and electric.
Where is this duplex located?
The property is located at 3240 NW 10th Ave Miami, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Built in 1953 duplex totaling 1,296 SF; Two bedrooms and two bathrooms per room layout; Tenants pay water, sewer, and electric
