Duplex with Oversized
For Sale
$1,150,000
Pending
1120 SW 12th Street, Miami, FL 33129
Two residential units include updated finishes, private outdoor areas, and covered vehicle parking.
Property Size3,304 SF
Lot Size0.20 Acres
Days on Market57
Property Features for 1120 SW 12th Street
General Information
Standard status
Pending
Size
3,304 SF
Lot size
0.20 Acres
Property subtype
Duplex
Zoning
T3-O
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
covered rear patio
Building Details
Year Built
1941
Listing Agency:
Sterling One Realty, Inc.
(305) 285-2322
Listed By:
William Alexander Alvarez · License #3267685
(305) 775-9186
Source:
Lehmannflorida
Added: Aug 18
Changed: Oct 11
Last Checked: Oct 12 at 7:32PM
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 Sterling One Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex includes 3,304 square feet of residential space on an 8,750-square-foot lot, with two distinct living units. The front residence is a renovated two-bedroom, one-bath bungalow featuring an open living and dining area, an updated kitchen with white shaker cabinets and granite counters, a tiled glass-enclosed shower, and wood-look flooring. The rear unit provides three bedrooms and two bathrooms.
The fenced and gated property includes a covered carport, paver driveway, mature palm landscaping, and a covered rear patio. Built in 1941, the property is located at 1120 SW 12th Street in Miami, with Downtown Miami, Brickell, and the Miami River minutes away. The two-unit layout supports an owner-occupant arrangement or continued use as a residential income property.
The fenced and gated property includes a covered carport, paver driveway, mature palm landscaping, and a covered rear patio. Built in 1941, the property is located at 1120 SW 12th Street in Miami, with Downtown Miami, Brickell, and the Miami River minutes away. The two-unit layout supports an owner-occupant arrangement or continued use as a residential income property.
Key Highlights
- 3,304 SF duplex on an oversized 8,750 SF lot
- Front unit renovated with 2 bedrooms and 1 bathroom
- Second residence offers a 3‑bedroom, 2‑bathroom layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,264
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,325,280
$1.3M
Cap Rate 7%
$946,629
$946.6K
Cap Rate 9%
$736,267
$736.3K
Market Conditions
NOI Build-Up for 3,304 SF
Gross rent
$101.1K $30.60/SF
− Vacancy
−$6.4K −$1.95/SF
EGI
$94.7K $28.65/SF
− OpEx
−$28.4K −$8.60/SF
NOI
$66.3K $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%
$1,325,280
Cap Rate 7%
$946,629
Cap Rate 9%
$736,267
Alternative Uses
Best Use
Multifamily LT 5
$946.6K
$828.3K – $1.10M
NOI $66,264 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$871.9K
$763.0K – $1.02M
NOI $61,036 @ 7.0% cap · market cap 5.31%
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,115 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,292
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 residential units include updated finishes, private outdoor areas, and covered vehicle parking.
Where is this duplex located?
The property is located at 1120 SW 12th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,304 SF duplex on an oversized 8,750 SF lot; Front unit renovated with 2 bedrooms and 1 bathroom; Second residence offers a 3‑bedroom, 2‑bathroom layout
