Renovated Two-Unit
For Sale
$1,199,000
1112 SW 11th Ave, Miami, FL 33129
Two separate residences offer private laundry rooms and flexible household configurations.
Property Size2,030 SF
Days on Market14
Property Features for 1112 SW 11th Ave
General Information
Standard status
Active
Size
2,030 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$11,721
Building Details
Building Size
2,030 SF
Year Built
1978
Listing Agency:
Delphi Investment Realty
Listed By:
Annia Garcia · License #0700597
(305) 345-6091
Source:
Vanessafrankmiami
Added: Sep 25
Changed: Oct 6
Last Checked: Oct 7 at 6:44PM
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 Delphi Investment Realty
Investment Insights
Based on property information with market context.
This 1978 duplex contains two residences: a three-bedroom, two-bath unit and a two-bedroom, one-bath unit. The property totals 2,030 square feet and has been remodeled with updated kitchens featuring quartz countertops, renovated bathrooms, new flooring, cabinetry and appliances. Impact-rated windows and doors, separate laundry rooms for each residence, a cement driveway, landscaping, and fresh interior and exterior paint complete the improvements.
Located at 1112 SW 11th Ave in Miami, the property is near Calle 8 and within driving distance of Brickell, Coconut Grove, Coral Gables, Wynwood, downtown Miami, the beaches, and Key Biscayne. T3-O zoning is noted, with conversion of each unit to a separate single-family residence identified as a possibility subject to City review. The property has no HOA and is not in a flood zone.
Located at 1112 SW 11th Ave in Miami, the property is near Calle 8 and within driving distance of Brickell, Coconut Grove, Coral Gables, Wynwood, downtown Miami, the beaches, and Key Biscayne. T3-O zoning is noted, with conversion of each unit to a separate single-family residence identified as a possibility subject to City review. The property has no HOA and is not in a flood zone.
Key Highlights
- Two residences: 3‑bedroom/2‑bath and 2‑bedroom/1‑bath
- 2,030 square feet; built in 1978
- Updated kitchens with quartz countertops, cabinetry and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,713
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,260
$814.3K
Cap Rate 7%
$581,614
$581.6K
Cap Rate 9%
$452,367
$452.4K
Market Conditions
NOI Build-Up for 2,030 SF
Gross rent
$62.1K $30.60/SF
− Vacancy
−$4.0K −$1.95/SF
EGI
$58.2K $28.65/SF
− OpEx
−$17.4K −$8.60/SF
NOI
$40.7K $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%
$814,260
Cap Rate 7%
$581,614
Cap Rate 9%
$452,367
Alternative Uses
Best Use
Multifamily LT 5
$581.6K
$508.9K – $678.6K
NOI $40,713 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$535.7K
$468.8K – $625.0K
NOI $37,501 @ 7.0% cap · market cap 3.13%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,918 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,403
Businesses Nearby
Explore this area
Business Placement
Demographics for 33129, FL
15,218
Population
8,275
Households
1.8
Avg Household Size
44
Median Age
68%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
10,870
Density / Sq Mi
$102,969
Median Household Income
$54,935
Median Earnings
$2,241
Median Rent
$573,900
Median Home Value
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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 offer private laundry rooms and flexible household configurations.
Where is this duplex located?
The property is located at 1112 SW 11th 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 residences: 3‑bedroom/2‑bath and 2‑bedroom/1‑bath; 2,030 square feet; built in 1978; Updated kitchens with quartz countertops, cabinetry and appliances
