Four-Unit Duplex
For Sale
Under Contract
$1,100,000
1499 NW 32nd St, Miami, FL 33142
Residential Income, Miami, FL
Property Size3,665 SF
Price / SF$300.14
Days on Market82
Property Features for 1499 NW 32nd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Parking
4
Subdivision
ALLAPATTAH MANORS SUB
Lot features
< 1/4 Acre
Standard status
Active Under Contract
APN
01-31-26-022-0100
Size
3,665 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
ALLAPATTAH MANORS SUB PB 15-76 LOT 1 & W5FT LOT 2 BLK 2 LOT SIZE 55.000 X 1100 OR 10846-1683 0880 1
Tax Annual Amount
4493
Legal Description
ALLAPATTAH MANORS SUB PB 15-76 LOT 1 & W5FT LOT 2 BLK 2 LOT SIZE 55.000 X 1100 OR 10846-1683 0880 1
Utilities
Sewer type
Public Sewer
Building Details
Year built
1930
Floors in Building
2
Building materials
Brick, Block
Listing Agency:
The Keyes Company
(305) 822-9800
Listed By:
Faith Johnson · License #3553382
(786) 704-2729
Added: Jul 17
Changed: Oct 1
Last Checked: Oct 6 at 6:06AM
MLS# A11849114
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 Miami property comprises two duplex buildings with four residential units across 3,665 square feet. The buildings were constructed in 1930 using brick and block materials, with each unit supported by residential bedroom and bathroom spaces. All four units occupy one parcel and are offered together as a single multifamily asset.
The property carries nonconforming T3-O zoning and is served by public sewer. Located in Miami-Dade County, the asset combines a four-unit configuration with an established construction date and consolidated ownership of the improvements and land.
The property carries nonconforming T3-O zoning and is served by public sewer. Located in Miami-Dade County, the asset combines a four-unit configuration with an established construction date and consolidated ownership of the improvements and land.
Key Highlights
- Two duplex buildings with four residential units
- 3,665 square feet of total property size
- Nonconforming T3‑O zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,504
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,470,080
$1.5M
Cap Rate 7%
$1,050,057
$1.1M
Cap Rate 9%
$816,711
$816.7K
Market Conditions
NOI Build-Up for 3,665 SF
Gross rent
$112.1K $30.60/SF
− Vacancy
−$7.1K −$1.95/SF
EGI
$105.0K $28.65/SF
− OpEx
−$31.5K −$8.60/SF
NOI
$73.5K $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%
$1,470,080
Cap Rate 7%
$1,050,057
Cap Rate 9%
$816,711
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.8K – $1.23M
NOI $73,504 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$967.2K
$846.3K – $1.13M
NOI $67,705 @ 7.0% cap · market cap 6.16%
Theoretical Best
Specialty Retail
$2.47M
$2.16M – $2.89M
NOI $173,173 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,512
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
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two duplex buildings provide four residential units on a single Miami parcel with T3-O nonconforming zoning.
Where is this duplex located?
The property is located at 1499 NW 32nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two duplex buildings with four residential units; 3,665 square feet of total property size; Nonconforming T3‑O zoning
