Two-Unit Duplex with Rear
New
For Sale
$825,000
1004 NW 33rd Avenue, Miami, FL 33125
Separate residences provide a combined six-bedroom layout, with T3-O zoning allowing a new two-family residence by right.
Property Size3,190 SF
Lot Size0.17 Acres
Price / SF$258.62
Days on Market2
Property Features for 1004 NW 33rd Avenue
General Information
Standard status
Active
Size
3,190 SF
Lot size
0.17 Acres
Property subtype
Multi-family
Zoning
T3-O
Lease Term
[]
Site & Location
Neighborhood
South Grapeland Heights
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
3/2, 3/1
Multifamily Units
2
Building Details
Year Built
1984
Listing Agency:
One Sotheby's International Realty
Listed By:
Carlos Areces · License #3184709
(305) 803-2205
Source:
Onesothebysrealty
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 23 at 4:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This Miami duplex contains two independently rentable residences with 3,190 SF of living area. The units together have six bedrooms and three bathrooms: one is configured as 3 bedrooms and 2 bathrooms, and the other as 3 bedrooms and 1 bathroom. The property occupies a 50 x 150-foot parcel totaling 7,500 SF, with paved parking at the front, a side driveway, and private patios behind the building.
The architectural shingle roof was replaced in 2016, and central A/C was installed in 2015. Electrical service includes 150/200A and 200A panels; wiring is copper, and supply lines are copper/PVC. City of Miami T3-O zoning permits construction of a new two-family residence by right.
The property is at 1004 NW 33rd Avenue in Miami, with access to SR-836, Miami International Airport, the Health District, Coral Gables, and Downtown/Brickell described as minutes away.
The architectural shingle roof was replaced in 2016, and central A/C was installed in 2015. Electrical service includes 150/200A and 200A panels; wiring is copper, and supply lines are copper/PVC. City of Miami T3-O zoning permits construction of a new two-family residence by right.
The property is at 1004 NW 33rd Avenue in Miami, with access to SR-836, Miami International Airport, the Health District, Coral Gables, and Downtown/Brickell described as minutes away.
Key Highlights
- Two rentable residences with 3,190 SF of living area
- Two‑unit bedroom and bath mix: Unit 1 has 3 bedrooms and 2 baths; Unit 2 has 3 bedrooms and 1 bath
- 50 x 150‑foot parcel totaling 7,500 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,977
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,540
$1.3M
Cap Rate 7%
$913,957
$914.0K
Cap Rate 9%
$710,856
$710.9K
Market Conditions
NOI Build-Up for 3,190 SF
Gross rent
$97.6K $30.60/SF
− Vacancy
−$6.2K −$1.95/SF
EGI
$91.4K $28.65/SF
− OpEx
−$27.4K −$8.60/SF
NOI
$64.0K $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 Rate 5%
$1,279,540
Cap Rate 7%
$913,957
Cap Rate 9%
$710,856
Alternative Uses
Best Use
Multifamily LT 5
$914.0K
$799.7K – $1.07M
NOI $63,977 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$841.9K
$736.6K – $982.2K
NOI $58,930 @ 7.0% cap · market cap 7.14%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,729 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,444
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences provide a combined six-bedroom layout, with T3-O zoning allowing a new two-family residence by right.
Where is this duplex located?
The property is located at 1004 NW 33rd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two rentable residences with 3,190 SF of living area; Two‑unit bedroom and bath mix: Unit 1 has 3 bedrooms and 2 baths; Unit 2 has 3 bedrooms and 1 bath; 50 x 150‑foot parcel totaling 7,500 SF
