Duplex
For Sale
$1,099,900
111 SW 31st Ct, Miami, FL 33135
Duplex built in 1948 in Miami's Little Havana-West Flagler area.
Days on Market81
Property Features for 111 SW 31st Ct
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
2,839 SF
Year Built
1948
Listing Agency:
Miranda & CO Realty LLC
Listed By:
Mabel Martinez Gomez · License #3607344
Source:
Miamibrokersgroup
Added: May 13
Changed: Jul 30
Last Checked: Jul 31 at 11:33AM
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 Miranda & CO Realty LLC
Investment Insights
Based on property information with market context.
This duplex property at 111 SW 31st Ct, Miami, FL 33135, was built in 1948. Designed as a residential income asset, the property offers a two-unit structure suited for buyers seeking a multifamily investment in an established rental area.
The property is positioned in the Little Havana-West Flagler location, described as being near Downtown, Brickell, and Coral Gables. Financial information is available upon request, and tenants are not to be disturbed.
For investors and 1031 buyers looking for a duplex in a high-demand Miami submarket, this offering provides a straightforward residential income configuration with documented in-place occupancy.
The property is positioned in the Little Havana-West Flagler location, described as being near Downtown, Brickell, and Coral Gables. Financial information is available upon request, and tenants are not to be disturbed.
For investors and 1031 buyers looking for a duplex in a high-demand Miami submarket, this offering provides a straightforward residential income configuration with documented in-place occupancy.
Key Highlights
- Duplex property at 111 SW 31st Ct, Miami, FL 33135
- Built in 1948
- Located in the Little Havana‑West Flagler area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.9k | $30.60 |
| − Vacancy | −$5.5k | −$1.95 |
| EGI | $81.3k | $28.65 |
| − OpEx | −$24.4k | −$8.60 |
| NOI | $56.9k | $20.06 |
2,839 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$813.4K
$711.7K – $949.0K
NOI $56,938 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$749.2K
$655.6K – $874.1K
NOI $52,446 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,144 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,487
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex built in 1948 in Miami's Little Havana-West Flagler area.
Where is this duplex located?
The property is located at 111 SW 31st Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Duplex property at 111 SW 31st Ct, Miami, FL 33135; Built in 1948; Located in the Little Havana‑West Flagler area
