Duplex with Updated
New
For Sale
$722,500
1051 SW 11th Ave, Miami, FL 33130
Residential Income, Miami, FL
Property Size1,564 SF
Price / SF$461.96
Days on Market1
Property Features for 1051 SW 11th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5
Subdivision
LAWRENCE EST LAND COS SUB
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-11-001-0950
Size
1,564 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
11-38-39-40 54 41 PB 2/51 LAWRENCE ESTATE LAND COS SUB S100FT LOT 8 BLK 8-B LOT SIZE 50.000 X 100 75R 76133 OR 20609-2210 08/2002 1
Tax Annual Amount
11303
Legal Description
11-38-39-40 54 41 PB 2/51 LAWRENCE ESTATE LAND COS SUB S100FT LOT 8 BLK 8-B LOT SIZE 50.000 X 100 75R 76133 OR 20609-2210 08/2002 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
1925
Floors in Building
1
Flooring type
Tile
Building materials
Block, Stucco
Listing Agency:
Beachfront Realty Inc
(305) 534-4242
Listed By:
Sagina Salomon · License #3237279
(305) 788-5596
Added: Oct 20
Last Checked: Oct 20 at 6:06AM
MLS# A12109502
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.
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Investment Insights
Based on property information with market context.
This 1,564-square-foot duplex, built in 1925, contains a four-bedroom, two-bathroom residence and a detached one-bedroom, one-bathroom unit. The main residence has a recently updated kitchen and bathroom, along with new appliances; the smaller unit also has new appliances and other improvements. The property is currently leased and sits on a corner lot. Tile flooring, central air conditioning and heating, and public sewer service are among the building features.
The property is in Miami’s Roads area, a short distance from Calle Ocho in Little Havana and within walking distance of Brickell City Centre. The corner parcel has also been presented as a possible site for redevelopment into two townhomes, subject to further evaluation.
The property is in Miami’s Roads area, a short distance from Calle Ocho in Little Havana and within walking distance of Brickell City Centre. The corner parcel has also been presented as a possible site for redevelopment into two townhomes, subject to further evaluation.
Key Highlights
- 1,564‑square‑foot duplex built in 1925
- Four‑bedroom, two‑bathroom main residence plus detached one‑bedroom, one‑bathroom unit
- 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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Lease Details
2
Residential units
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 - Two separate residences are currently leased, with recent improvements to both units.
Where is this duplex located?
The property is located at 1051 SW 11th Ave 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; Four‑bedroom, two‑bathroom main residence plus detached one‑bedroom, one‑bathroom unit; Currently leased
