Renovated Duplex with Private
New
For Sale
$1,199,000
1112 SW 11th Ave, Miami, FL 33129
Residential Income, Miami, FL
Property Size2,030 SF
Price / SF$590.64
Days on Market2
Property Features for 1112 SW 11th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Parking
6
Subdivision
LAWRENCE EST LAND COS SUB
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-11-001-1210
Size
2,030 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LAWRENCE ESTATE LAND COS SUB PB 2-51 C50FT LOTS 1 & 2 BLK 10-B LOT SIZE 50.000 X 100 OR 11440-1466 0582 4
Tax Annual Amount
11721
Legal Description
LAWRENCE ESTATE LAND COS SUB PB 2-51 C50FT LOTS 1 & 2 BLK 10-B LOT SIZE 50.000 X 100 OR 11440-1466 0582 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private laundry rooms
backyard
driveway
landscaping
Building Details
Year built
1978
Floors in Building
1
Flooring type
Tile - Ceramic, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Delphi Investment Realty
(786) 388-0110
Listed By:
Annia Garcia · License #0700597
(305) 345-6091
Added: Sep 25
Last Checked: Sep 26 at 5:06PM
MLS# A12095639
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.
Investment Insights
Based on property information with market context.
This 2,030-square-foot duplex contains two residences: one with 3 bedrooms and 2 bathrooms, and another with 2 bedrooms and 1 bathroom. Updates include tile flooring, contemporary kitchens with quartz countertops, cabinetry and appliances, renovated bathrooms, impact-rated windows and doors, and fresh interior and exterior paint. Each residence has a private laundry room. The property also has a cement driveway, landscaped grounds, central heating and air conditioning, and block construction.
The Miami property is near Calle Ocho and offers access to Brickell, Coconut Grove, Coral Gables, Key Biscayne, Wynwood, and downtown. T3-O zoning is identified for the property; the source describes the designation as allowing conversion of each unit into a separate single-family residence, subject to confirmation with the city. There is no HOA, and the property is stated to be outside a flood zone.
The Miami property is near Calle Ocho and offers access to Brickell, Coconut Grove, Coral Gables, Key Biscayne, Wynwood, and downtown. T3-O zoning is identified for the property; the source describes the designation as allowing conversion of each unit into a separate single-family residence, subject to confirmation with the city. There is no HOA, and the property is stated to be outside a flood zone.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom
- 2,030 square feet
- T3‑O zoning; verify conversion details with the city
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
$40,713
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
3.40%
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%
$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
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
$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 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%
$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
Lease Details
2
Residential units
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a three-bedroom layout and a two-bedroom layout, each with its own laundry room.
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: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom; 2,030 square feet; T3‑O zoning; verify conversion details with the city
