Remodeled Duplex in Chenandoah,
For Sale
$1,130,000
1114 SW 13th Ct, Miami, FL 33135
Fully remodeled duplex in Miami's prestigious Chenandoah neighborhood.
Property Size1,928 SF
Price / SF$586.10
Days on Market545
Property Features for 1114 SW 13th Ct
General Information
Standard status
Active
Size
1,928 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$13,762
Building Details
Year Built
1916
Listing Agency:
Keller Williams Realty Premier Properties
(305) 595-2844
Listed By:
Alexei Basanta Perez · License #3451281
(786) 828-0775
Source:
Exitrealty
Added: Apr 25, 2025
Changed: Sep 30
Last Checked: Sep 30 at 11:08AM
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 Keller Williams Realty Premier Properties
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Investment Insights
Based on property information with market context.
This fully remodeled duplex property is located in the heart of Chenandoah, a prestigious neighborhood in Miami. Situated just two blocks from the historic height street, it is surrounded by restaurants, shops, and cultural spots. The property features a new roof, impact windows, top-of-the-line appliances, modern porcelain floors and tiles, and a new kitchen. It includes space to park several cars and a lot with possibilities. The two units are totally separate, each with its own backyard.
Key Highlights
- Fully remodeled property from top to bottom.
- Located in the prestigious Chenandoah neighborhood of Miami.
- Two separate units, offering investment or rental income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,667
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,340
$773.3K
Cap Rate 7%
$552,386
$552.4K
Cap Rate 9%
$429,633
$429.6K
Market Conditions
NOI Build-Up for 1,928 SF
Gross rent
$59.0K $30.60/SF
− Vacancy
−$3.8K −$1.95/SF
EGI
$55.2K $28.65/SF
− OpEx
−$16.6K −$8.60/SF
NOI
$38.7K $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%
$773,340
Cap Rate 7%
$552,386
Cap Rate 9%
$429,633
Alternative Uses
Best Use
Multifamily LT 5
$552.4K
$483.3K – $644.5K
NOI $38,667 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$508.8K
$445.2K – $593.6K
NOI $35,617 @ 7.0% cap · market cap 3.15%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,099 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,368
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Fully remodeled duplex in Miami's prestigious Chenandoah neighborhood.
Where is this duplex located?
The property is located at 1114 SW 13th Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Fully remodeled property from top to bottom.; Located in the prestigious Chenandoah neighborhood of Miami.; Two separate units, offering investment or rental income potential.
