929 SW 12th Ave Miami, FL 33130
MULTI_FAMILY - Miami, FL
Property Features for 929 SW 12th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1
- Parking
- 4
- Standard status
- Active
- APN
- 01-41-11-001-0570
- Size
- 1,763 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LAWRENCE ESTATE LAND COS SUB LOT 11 LESS W10 1/2FT BLK 4-B PB 2-51 LOT SIZE 50.000 X 140 OR 20374-0282 04 2002 6
- Tax Annual Amount
- 13023
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1924
- Floors in Building
- 1
- Flooring type
- Laminate, Tile
- Building materials
- Block, Frame, Stucco
- Roof type
- Flat, Shingle
Listing agent Jorge Vazquez License #3271064 (786) 355-9174
Listing office RE/MAX United Realty 1607 Ponce de Leon Blvd Ste 204, Coral Gables, FL (305) 575-2727
Listing date Jul 13, 2026
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.
The property is located near historic Calle 8 and in the Roads and Shenandoah area, with convenient access to public transportation. It is also described as a few minutes’ drive to Brickell, Downtown, Coral Gables, Miami Beach, Wynwood, and Coconut Grove.
With separate, detached configurations and in-unit laundry for both homes, the property provides a straightforward two-unit residential income setup within the Miami area.
Key Highlights
- Two detached homes on a 7,000 SF lot in Miami: updated 3/1 and updated 2/1
- Each unit includes a washer/dryer and impact windows
- Parking for 4 cars on the property, plus additional street parking
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 | $53.9k | $30.60 |
| − Vacancy | −$3.4k | −$1.95 |
| EGI | $50.5k | $28.65 |
| − OpEx | −$15.2k | −$8.60 |
| NOI | $35.4k | $20.06 |
