Two-Building Duplex
New
For Sale
$575,000
1026 NW 33rd Avenue, Miami, FL 33125
The legal duplex comprises two separate buildings on a T3-O-zoned lot.
Property Size1,966 SF
Lot Size0.17 Acres
Price / SF$292.47
Days on Market3
Property Features for 1026 NW 33rd Avenue
General Information
Standard status
Active
Size
1,966 SF
Lot size
0.17 Acres
Property subtype
Duplex
Zoning
T3-O
Occupancy
100%
Site & Location
Neighborhood
South Grapeland Heights
Highway Access
Yes
Additional Details
Gross Income
$51,600
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1938
Buildings
2
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Miguel A Fuentes · License #3403804
(305) 915-3492
Source:
Lehmannflorida
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:09PM
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 Fausto Commercial Realty Consultants Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal duplex consists of two separate buildings on a 7,500 SF lot zoned T3-O. The buildings date to 1938 and 1983, with a combined 1,966 SF and a total configuration of four bedrooms and two bathrooms.
The property is near SR-836, Grapeland Park, and Miami International Airport. Both units are leased, with rent roll figures provided by the owner.
The property is near SR-836, Grapeland Park, and Miami International Airport. Both units are leased, with rent roll figures provided by the owner.
Key Highlights
- Legal duplex on a 7,500 SF T3‑O lot
- Two separate buildings, built in 1938 and 1983
- 1,966 SF with 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,429
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,580
$788.6K
Cap Rate 7%
$563,271
$563.3K
Cap Rate 9%
$438,100
$438.1K
Market Conditions
NOI Build-Up for 1,966 SF
Gross rent
$60.2K $30.60/SF
− Vacancy
−$3.8K −$1.95/SF
EGI
$56.3K $28.65/SF
− OpEx
−$16.9K −$8.60/SF
NOI
$39.4K $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%
$788,580
Cap Rate 7%
$563,271
Cap Rate 9%
$438,100
Alternative Uses
Best Use
Multifamily LT 5
$563.3K
$492.9K – $657.2K
NOI $39,429 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$518.8K
$454.0K – $605.3K
NOI $36,319 @ 7.0% cap · market cap 6.32%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,894 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The legal duplex comprises two separate buildings on a T3-O-zoned lot.
Where is this duplex located?
The property is located at 1026 NW 33rd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Legal duplex on a 7,500 SF T3‑O lot; Two separate buildings, built in 1938 and 1983; 1,966 SF with 4 bedrooms and 2 bathrooms
