Historic Grove Park
For Sale
$849,900
870 NW 14th Ct, Miami, FL 33125
Charming 1925 Spanish-style home with income-generating apartment.
Property Size2,415 SF
Price / SF$351.93
Days on Market556
Property Features for 870 NW 14th Ct
General Information
Standard status
Active
Size
2,415 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,759
Building Details
Building Size
2,415 SF
Year Built
1925
Listing Agency:
Century 21 Dorar Realty
Listed By:
Jose Muse Jr. · License #0564138
(305) 331-5061
Source:
Batrare
Added: Mar 31, 2025
Changed: Sep 29
Last Checked: Oct 7 at 6:41PM
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 Century 21 Dorar Realty
Investment Insights
Based on property information with market context.
This two-story Spanish-style home, constructed in 1925, is located in the Historic Grove Park neighborhood. The property retains original architectural details, including arched doorways, original tiles, and high ceilings. A mantle with a chimney is present, and the ballroom-style living room is suited for entertaining. A separate dining room adds elegance. The property includes an apartment in the back that can generate income. The location is near Loan Depot Park, the future Freedom Soccer Park, and the Airport. It is also within minutes of the University of Miami/Jackson Memorial Hospitals, Courthouse, River District, Downtown Miami, Brickell, and Miami Beach. This property presents an opportunity to own a piece of Miami's history.
Key Highlights
- Income‑generating apartment included.
- Historic 1925 Spanish‑style architecture with original details.**
- Prime location near Loan Depot Park, future Freedom Soccer Park, Airport, University of Miami/Jackson Memorial Hospitals, Courthouse, River District, Downtown Miami, Brickell & Miami Beach.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,434
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,680
$968.7K
Cap Rate 7%
$691,914
$691.9K
Cap Rate 9%
$538,156
$538.2K
Market Conditions
NOI Build-Up for 2,415 SF
Gross rent
$73.9K $30.60/SF
− Vacancy
−$4.7K −$1.95/SF
EGI
$69.2K $28.65/SF
− OpEx
−$20.8K −$8.60/SF
NOI
$48.4K $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%
$968,680
Cap Rate 7%
$691,914
Cap Rate 9%
$538,156
Alternative Uses
Best Use
Multifamily LT 5
$691.9K
$605.4K – $807.2K
NOI $48,434 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$637.3K
$557.7K – $743.6K
NOI $44,613 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,110 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Charming 1925 Spanish-style home with income-generating apartment.
Where is this duplex located?
The property is located at 870 NW 14th Ct Miami, FL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Income‑generating apartment included.; Historic 1925 Spanish‑style architecture with original details.**; Prime location near Loan Depot Park, future Freedom Soccer Park, Airport, University of Miami/Jackson Memorial Hospitals, Courthouse, River District, Downtown Miami, Brickell & Miami Beach.
