New-Construction Two-Story Multifamily
1244 NW 32nd St, Miami, FL 33142
For Sale
$995,000
Contemporary interiors, off-street parking, central air-conditioning, and a shaded backyard serve this tenant-occupied property.
Property Size2,628 SF
Days on Market117
Property Features for 1244 NW 32nd St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
central air-conditioning
backyard
Building Details
Building Size
Year Built
Stories
Listing Agency:
Cespedes Realty LLC
Listed By:
Miguel Marino · License FL #3425898
(305) 505-0858
Source:
Vanessafrankmiami
Added: Jul 17
Changed: Nov 7
Last Checked: Nov 10 at 6:17PM
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 Cespedes Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this two-story multifamily property presents contemporary interiors with wood-look flooring, neutral finishes, and an open living arrangement. The kitchen combines white shaker-style cabinets, quartz-style countertops, stainless steel appliances, and a breakfast counter. Bathrooms include large-format tile and walk-in showers. Central air-conditioning systems, off-street parking, and a shaded backyard add practical features for residents and visitors.
The property is located at 1244 NW 32nd Street in Miami, Florida, near major roadways, employment centers, shopping, and dining. It is currently occupied by tenants, with showings available by appointment. Zoning is identified as 5700.
The property is located at 1244 NW 32nd Street in Miami, Florida, near major roadways, employment centers, shopping, and dining. It is currently occupied by tenants, with showings available by appointment. Zoning is identified as 5700.
Key Highlights
- 2026 construction with a contemporary two‑story design
- Kitchen with white shaker cabinetry, quartz‑style countertops, stainless steel appliances, and breakfast counter
- Modern bathrooms with large‑format tile and walk‑in showers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,548
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,960
$971.0K
Cap Rate 7%
$693,543
$693.5K
Cap Rate 9%
$539,422
$539.4K
Market Conditions
NOI Build-Up for 2,628 SF
Gross rent
$94.6K $36.00/SF
− Vacancy
−$6.3K −$2.41/SF
EGI
$88.3K $33.59/SF
− OpEx
−$39.7K −$15.11/SF
NOI
$48.5K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,960
Cap Rate 7%
$693,543
Cap Rate 9%
$539,422
Alternative Uses
Best Use
Apartment 5plus
$693.5K
$606.9K – $809.1K
NOI $48,548 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $124,174 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,742
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Miami, FL
Properties on Market for Multifamily properties in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Contemporary interiors, off-street parking, central air-conditioning, and a shaded backyard serve this tenant-occupied property.
Where is this multifamily property located?
The property is located at 1244 NW 32nd St Miami, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2026 construction with a contemporary two‑story design; Kitchen with white shaker cabinetry, quartz‑style countertops, stainless steel appliances, and breakfast counter; Modern bathrooms with large‑format tile and walk‑in showers
