Duplex with Two Detached
For Sale
$1,199,000
1055 Nw 32nd Ave, Miami, FL 33125
Two separate residences provide private entrances, individual living spaces, and flexible occupancy options.
Property Size2,287 SF
Price / SF$524.27
Days on Market48
Property Features for 1055 Nw 32nd Ave
General Information
Standard status
Active
Size
2,287 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,036
Amenities
gated off-street parking
fenced yard
Building Details
Buildings
2
Listing Agency:
Cervera Real Estate Inc.
(305) 374-3434
Listed By:
Claudia Del Toro
(786) 554-3626
Source:
Exprealty
Added: Jul 30
Changed: Sep 11
Last Checked: Sep 14 at 10:31AM
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 Cervera Real Estate Inc.
Investment Insights
Based on property information with market context.
This duplex-style property comprises two detached residences, each arranged with three bedrooms, two bathrooms, living and dining areas, a kitchen, walk-in closet, and laundry or utility room. Separate entrances serve the homes from different streets, creating distinct access for each residence.
The property also includes gated off-street parking and a fenced yard. It is positioned near major highways, Miami International Airport, shopping, and Chase Stadium, and sits outside the flood zone. The two-home configuration supports separate household use within one property while retaining individual residential layouts.
The property also includes gated off-street parking and a fenced yard. It is positioned near major highways, Miami International Airport, shopping, and Chase Stadium, and sits outside the flood zone. The two-home configuration supports separate household use within one property while retaining individual residential layouts.
Key Highlights
- Two detached residences with separate entrances on different streets
- Each home includes 3 bedrooms and 2 bathrooms
- Both residences feature living and dining areas, kitchens, walk‑in closets, and laundry or utility rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$917,340
$917.3K
Cap Rate 7%
$655,243
$655.2K
Cap Rate 9%
$509,633
$509.6K
Market Conditions
NOI Build-Up for 2,287 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.0K $30.60/SF
− Vacancy
−$4.5K −$1.95/SF
EGI
$65.5K $28.65/SF
− OpEx
−$19.7K −$8.60/SF
NOI
$45.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$917,340
Cap Rate 7%
$655,243
Cap Rate 9%
$509,633
Alternative Uses
Best Use
Multifamily LT 5
$655.2K
$573.3K – $764.5K
NOI $45,867 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$603.6K
$528.1K – $704.2K
NOI $42,249 @ 7.0% cap · market cap 3.52%
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $108,062 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,545
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide private entrances, individual living spaces, and flexible occupancy options.
Where is this duplex located?
The property is located at 1055 Nw 32nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two detached residences with separate entrances on different streets; Each home includes 3 bedrooms and 2 bathrooms; Both residences feature living and dining areas, kitchens, walk‑in closets, and laundry or utility rooms
