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    Turnkey Duplex with Gated Patio Title is generated by Realmo AI

    1634 SW 19th Ter 1634, Miami, FL 33145

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    New
    For Lease
    $3,700 /Mo

    Well-maintained 3-bedroom duplex with open layout, modern finishes, and a private gated patio plus ample parking.

    Type:Multi Family
    Added:
    Jun 4, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:13 am

    Property Features for 1634 SW 19th Ter 1634

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1988

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    Listing Contact
    C. Francisco Otalvaro
    C. Francisco Otalvaro

    Listing agent C. Francisco Otalvaro License #0688165

    Listing office 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty

    Listing date Jun 4, 2026

    Source Elliman

    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 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty

    HighLights

    • Duplex built in 1988 with a well‑maintained interior and open floor plan
    • Spacious kitchen with granite countertops and plenty of cabinet space
    • Master suite includes a bathroom, walk‑in closet, and access to a quiet gated patio area
    • Two bathrooms with LED‑lit bathroom mirrors; LG stacked washer and dryer included
    • Solar panels recently installed; includes generator hook‑up and a monthly $275 electricity allowance provided by the landlord
    • Storage unit in back plus plenty of parking space

    Overview

    This turnkey, very well maintained duplex is configured with three large bedrooms, closet space, and two bathrooms. The interior features an open floor plan with a spacious kitchen offering granite countertops and plenty of cabinet space. The primary bedroom includes an en-suite bath and a walk-in closet, with access to a quiet, tranquil gated patio area. Additional details include bathroom mirrors with LED lighting, an LG stacked washer and dryer, and a storage unit in the back. Solar panels have recently been installed, and there is generator hook-up support.

    The home is located in a quiet neighborhood in the middle of Shenandoah, with proximity to the popular areas of Little Havana and Brickell. Bike score is 62 (Bikeable), walk score is 83 (Very Walkable), and transit score is 45 (Some Transit). On-site parking is described as plentiful.

    For tenants seeking a comfortable, move-in-ready duplex, this unit offers practical everyday living with in-home laundry, defined storage, and a private gated outdoor patio accessed from the master. The solar panel system includes a monthly $275 electricity allowance provided by the landlord, which may help simplify utility planning. Generator hook-up is also available to support uninterrupted use when needed.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -80.22112
    Latitude
    25.75363

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    FAQs

    What type of property is this?
    Duplex - Well-maintained 3-bedroom duplex with open layout, modern finishes, and a private gated patio plus ample parking.
    Where is this duplex located?
    The property is located at 1634 SW 19th Ter 1634 Miami, FL.
    What is the lease rate?
    The lease rate is $3,700 /Mo.
    What are key features of this property?
    This property features: Duplex built in 1988 with a well‑maintained interior and open floor plan; Spacious kitchen with granite countertops and plenty of cabinet space; Master suite includes a bathroom, walk‑in closet, and access to a quiet gated patio area
    (786) 571-1118
    We can help!
    Listing Contact
    C. Francisco Otalvaro
    C. Francisco Otalvaro
    Real Estate License ID: 0688165
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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