Duplex on Oversized
For Sale
$590,000
1851 NW 34th St, Miami, FL 33142
Two-unit residential property with an oversized lot in Allapattah.
Property Size1,458 SF
Days on Market55
Property Features for 1851 NW 34th St
General Information
Standard status
Active
Size
1,458 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,940
Building Details
Building Size
1,458 SF
Year Built
1954
Buildings
1
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Miguel Fuentes · License #3403804
(305) 443-7423
Source:
Vanessafrankmiami
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 13 at 12:48AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This duplex contains two residential units and sits on an oversized lot. The property was built in 1954 and is located in Allapattah at 1851 NW 34th St, Miami, Florida 33142.
Key Highlights
- Duplex configuration with two residential units
- Oversized lot
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,241
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,820
$584.8K
Cap Rate 7%
$417,729
$417.7K
Cap Rate 9%
$324,900
$324.9K
Market Conditions
NOI Build-Up for 1,458 SF
Gross rent
$44.6K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.8K $28.65/SF
− OpEx
−$12.5K −$8.60/SF
NOI
$29.2K $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%
$584,820
Cap Rate 7%
$417,729
Cap Rate 9%
$324,900
Alternative Uses
Best Use
Multifamily LT 5
$417.7K
$365.5K – $487.4K
NOI $29,241 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$384.8K
$336.7K – $448.9K
NOI $26,934 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$984.2K
$861.1K – $1.15M
NOI $68,891 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,370
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with an oversized lot in Allapattah.
Where is this duplex located?
The property is located at 1851 NW 34th St Miami, FL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; Oversized lot; Built in 1954
