Renovated Duplex with Gated
For Sale
$1,150,000
Pending
1120 SW 12th St, Miami, FL 33129
Residential Income, Miami, FL
Property Size3,304 SF
Lot Size0.20 Acres
Days on Market56
Property Features for 1120 SW 12th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3
Parking
1
Subdivision
LAWRENCE EST LAND COS SUB
Lot features
< 1/4 Acre
Standard status
Pending
APN
01-41-11-001-1711
Size
3,304 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAWRENCE EST LAND COS SUB PB 2-5 LOT 3 BLK 13-B LOT SIZE 50.000 X 175 OR 10798-1712 0780 1
Tax Annual Amount
8743
Legal Description
LAWRENCE EST LAND COS SUB PB 2-5 LOT 3 BLK 13-B LOT SIZE 50.000 X 175 OR 10798-1712 0780 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1941
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Sterling One Realty, Inc.
(305) 285-2322
Listed By:
William Alvarez · License #3267685
(305) 775-9186
Added: Aug 19
Changed: Oct 10
Last Checked: Oct 13 at 3:06AM
MLS# A12073153
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 3,304-square-foot duplex, built in 1941, includes two distinct residences. The front unit has a renovated 2-bedroom, 1-bathroom bungalow layout with an open living and dining area, updated kitchen, glass-enclosed tile shower, and wood-look flooring. The second residence provides 3 bedrooms and 2 bathrooms. Block construction, tile flooring, central air, electric heat, a shingle roof, public water, and public sewer are documented.
The property occupies an 8,750-square-foot lot at 1120 SW 12th St in Miami. The site is fenced and gated, with a paver driveway, covered carport, covered rear patio, and mature palm landscaping. It is located near Downtown Miami, Brickell, and the Miami River. T3-O zoning under Miami 21 is identified in the property information; development potential and permitted uses should be independently verified with the City of Miami Planning Department.
The property occupies an 8,750-square-foot lot at 1120 SW 12th St in Miami. The site is fenced and gated, with a paver driveway, covered carport, covered rear patio, and mature palm landscaping. It is located near Downtown Miami, Brickell, and the Miami River. T3-O zoning under Miami 21 is identified in the property information; development potential and permitted uses should be independently verified with the City of Miami Planning Department.
Key Highlights
- 3,304 SF duplex on an 8,750 SF lot
- Front residence renovated with 2 bedrooms and 1 bathroom
- Second residence offers 3 bedrooms and 2 bathrooms
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.
How Realmo checks its estimates
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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 residences include an updated bungalow, covered parking, and enclosed outdoor space.
Where is this duplex located?
The property is located at 1120 SW 12th St 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 8,750 SF lot; Front residence renovated with 2 bedrooms and 1 bathroom; Second residence offers 3 bedrooms and 2 bathrooms
