Duplex With Metal
For Sale
$724,900
9283 SW 39th St, Miami, FL 33165
MULTI_FAMILY - Miami, FL
Property Size1,335 SF
Price / SF$542
Days on Market37
Property Features for 9283 SW 39th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Parking
6
Subdivision
CENTRAL HEIGHTS ADDN NO 1
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
30-40-16-006-0350
Size
1,335 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
16 54 40 PB 24-14 CENTRAL HGTS ADDN NO 1 LOT 14 BLK 8 LOT SIZE 50.000 X 140 OR 14892-2465 0191 1
Tax Annual Amount
6913
Legal Description
16 54 40 PB 24-14 CENTRAL HGTS ADDN NO 1 LOT 14 BLK 8 LOT SIZE 50.000 X 140 OR 14892-2465 0191 1
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1961
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Listing Agency:
Genesis Realty Services Inc.
(305) 823-6124
Listed By:
Judith Taveras · License #0697161
(305) 308-2230
Added: Jul 18
Changed: Aug 2
Last Checked: Aug 23 at 6:06PM
MLS# A11999003
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 Westchester duplex provides a two-side layout with 2 bedrooms and 1 bathroom on each side. The home is built with block construction and features ceramic tile flooring. Heating is provided by wall furnaces, with window unit(s) and wall/window unit(s) used for cooling.
Recent improvements include new electrical throughout, with new panels and electric meters. A new metal roof has been installed, and plumbing work has been completed for the front unit. The property is served by a septic tank, and cable is available.
Located at 9283 SW 39th St in Miami, the seller indicates seller financing is available, and the property is ready for appointment scheduling.
Recent improvements include new electrical throughout, with new panels and electric meters. A new metal roof has been installed, and plumbing work has been completed for the front unit. The property is served by a septic tank, and cable is available.
Located at 9283 SW 39th St in Miami, the seller indicates seller financing is available, and the property is ready for appointment scheduling.
Key Highlights
- New electrical throughout with new panels and electric meters
- New metal roof installed
- Two bedrooms and one bathroom on each side
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
$26,774
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
3.69%
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%
$535,480
$535.5K
Cap Rate 7%
$382,486
$382.5K
Cap Rate 9%
$297,489
$297.5K
Market Conditions
NOI Build-Up for 1,335 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
$40.9K $30.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$38.2K $28.65/SF
− OpEx
−$11.5K −$8.60/SF
NOI
$26.8K $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%
$535,480
Cap Rate 7%
$382,486
Cap Rate 9%
$297,489
Alternative Uses
Best Use
Multifamily LT 5
$382.5K
$334.7K – $446.2K
NOI $26,774 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$352.3K
$308.3K – $411.0K
NOI $24,662 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$901.1K
$788.5K – $1.05M
NOI $63,079 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
Explore this area
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
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 - Two-unit duplex with 2 bedrooms and 1 bathroom on each side and a newly installed metal roof.
Where is this duplex located?
The property is located at 9283 SW 39th St Miami, FL.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: New electrical throughout with new panels and electric meters; New metal roof installed; Two bedrooms and one bathroom on each side
