Updated Duplex with T3-O
1010 SW 8th Ave, Miami, FL 33130
For Sale
$1,059,000
Pending
Updated duplex with flexible living arrangements and a separate rear unit for rental use.
Property Size1,501 SF
Lot Size0.23 Acres
Days on Market54
Property Features for 1010 SW 8th Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
David Dajani · License FL #3362867
(305) 514-0100
Source:
Miamibrokersgroup
Added: Sep 18
Changed: Oct 31
Last Checked: Nov 8 at 11:49AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This updated duplex sits on a 9,950-square-foot lot and includes a newer roof, plumbing, electrical systems, air-conditioning systems, kitchen, and bathrooms. The primary residence is arranged as a 3-bedroom, 2-bathroom home with flexibility for a 2/1 configuration plus a separate 1/1 area with kitchenette. A rear unit adds one bedroom, one bathroom, and a spacious kitchenette.
The property carries T3-O zoning in Miami’s West Brickell/The Roads area. Its existing layout supports immediate rental income, while the zoning and lot configuration are identified for consideration of two new townhomes. The property is also presented as suitable for short-term rental use. Showings are available by appointment only.
The property carries T3-O zoning in Miami’s West Brickell/The Roads area. Its existing layout supports immediate rental income, while the zoning and lot configuration are identified for consideration of two new townhomes. The property is also presented as suitable for short-term rental use. Showings are available by appointment only.
Key Highlights
- 9,950‑square‑foot lot with T3‑O zoning
- Updated roof, plumbing, electrical, A/C systems, kitchen, and bathrooms
- Primary residence offers 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,103
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,060
$602.1K
Cap Rate 7%
$430,043
$430.0K
Cap Rate 9%
$334,478
$334.5K
Market Conditions
NOI Build-Up for 1,501 SF
Gross rent
$45.9K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$43.0K $28.65/SF
− OpEx
−$12.9K −$8.60/SF
NOI
$30.1K $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%
$602,060
Cap Rate 7%
$430,043
Cap Rate 9%
$334,478
Alternative Uses
Best Use
Multifamily LT 5
$430.0K
$376.3K – $501.7K
NOI $30,103 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$396.1K
$346.6K – $462.2K
NOI $27,729 @ 7.0% cap · market cap 2.62%
Theoretical Best
Specialty Retail
$1.01M
$886.5K – $1.18M
NOI $70,923 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,477
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with flexible living arrangements and a separate rear unit for rental use.
Where is this duplex located?
The property is located at 1010 SW 8th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,059,000.
What are key features of this property?
This property features: 9,950‑square‑foot lot with T3‑O zoning; Updated roof, plumbing, electrical, A/C systems, kitchen, and bathrooms; Primary residence offers 3 bedrooms and 2 bathrooms
