Duplex with Detached
New
For Sale
$722,500
1051 SW 11th Avenue, Miami, FL 33130
The leased property combines a renovated main-house kitchen and bathroom with a separate one-bedroom residence.
Property Size1,564 SF
Days on Market7
Property Features for 1051 SW 11th Avenue
General Information
Standard status
Active
Size
1,564 SF
Property subtype
Duplex
Site & Location
Neighborhood
East Little Havana
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,303
Building Details
Building Size
1,564 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
Beachfront Realty Inc
Listed By:
Sagina Salomon · License #3237279
(305) 788-5596
Source:
Silverleafrealtygroup
Added: Oct 19
Changed: Oct 24
Last Checked: Oct 25 at 1:53AM
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 Beachfront Realty Inc
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Investment Insights
Based on property information with market context.
This 1925 duplex comprises a 4-bedroom, 2-bathroom main residence and a detached 1-bedroom, 1-bathroom unit, totaling 1,564 square feet. The main home has an updated kitchen and bathroom, new appliances, and other perimeter improvements. The smaller unit also has improvements and new appliances. Both units are currently leased.
The property occupies a corner lot in The Roads, with Calle Ocho and Brickell City Centre within walking distance.
The property occupies a corner lot in The Roads, with Calle Ocho and Brickell City Centre within walking distance.
Key Highlights
- 1,564‑square‑foot duplex built in 1925
- Main residence has 4 bedrooms and 2 bathrooms; detached unit has 1 bedroom and 1 bathroom
- Currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,367
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,340
$627.3K
Cap Rate 7%
$448,100
$448.1K
Cap Rate 9%
$348,522
$348.5K
Market Conditions
NOI Build-Up for 1,564 SF
Gross rent
$47.9K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$44.8K $28.65/SF
− OpEx
−$13.4K −$8.60/SF
NOI
$31.4K $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%
$627,340
Cap Rate 7%
$448,100
Cap Rate 9%
$348,522
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,367 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$412.7K
$361.2K – $481.5K
NOI $28,892 @ 7.0% cap · market cap 4.00%
Theoretical Best
Specialty Retail
$1.06M
$923.8K – $1.23M
NOI $73,900 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,403
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The leased property combines a renovated main-house kitchen and bathroom with a separate one-bedroom residence.
Where is this duplex located?
The property is located at 1051 SW 11th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $722,500.
What are key features of this property?
This property features: 1,564‑square‑foot duplex built in 1925; Main residence has 4 bedrooms and 2 bathrooms; detached unit has 1 bedroom and 1 bathroom; Currently leased
