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    Duplex in Great Location Title is generated by Realmo AI

    12040 SW 215th St, Miami, FL 33177

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    Two-unit duplex with six bedrooms and four bathrooms total.

    Type:Multifamily
    Property size:
    2,516 SF
    Price / SF:
    $333/SF
    Added:
    Oct 30, 2025
    Days on Market:
    205
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 12040 SW 215th St

    General Information

    Standard status
    Active
    Size
    2,516 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2006

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    Listing Contact
    Kristina Rivera

    Listing agent Kristina Rivera License #3020924

    Listing office Exclusive Project & Land

    Listing date Oct 30, 2025

    Source Crexi

    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 Exclusive Project & Land

    HighLights

    • Duplex configuration offers immediate rental income potential.
    • Two units, each with 3 bedrooms and 2 bathrooms, provide ample living space.
    • Single‑story layout enhances accessibility and convenience.
    • Built in 2006, suggesting relatively modern construction.
    • Suitable for investors seeking business opportunities.
    • Located in a great location.

    Overview

    This is a two-unit duplex property, suitable for investors. The single-story structure contains two units. Each unit features 3 bedrooms and 2 bathrooms. The property size is 2516 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $466.0K
    NOI $41,941 @ 9.00% cap · cautious / downside scenario
    Moderate
    $599.2K
    NOI $41,941 @ 7.00% cap · market / base-case scenario
    Aggressive
    $838.8K
    NOI $41,941 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
    Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $63.4k $25.20
    − Vacancy −$3.5k −$1.39
    EGI $59.9k $23.81
    − OpEx −$18.0k −$7.14
    NOI $41.9k $16.67
    2,516 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $599.2K
    $524.3K – $699.0K (±1% cap)
    NOI $41,941 @ 7.0% cap · market cap 5.00%
    Second Best
    Apartment 5plus
    $552.8K
    $483.7K – $644.9K (±1% cap)
    NOI $38,694 @ 7.0% cap · market cap 4.61%
    Theoretical Best
    Office A
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,353 @ 7.0% cap · market cap 10.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.387531
    Latitude
    25.566714

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with six bedrooms and four bathrooms total.
    Where is this duplex located?
    The property is located at 12040 SW 215th St Miami, FL.
    What is the asking price?
    The asking price for this property is $839,000.
    What are key features of this property?
    This property features: Duplex configuration offers immediate rental income potential.; Two units, each with **3 bedrooms and 2 bathrooms, provide ample living space**.; Single‑story layout enhances accessibility and convenience.
    (786) 316-8453 Call to check price and availability
    More about this property
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