Duplex with Outdoor
For Sale
$1,100,000
1872 SW 9th St, Miami, FL 33135
Built in 1935, this duplex includes outdoor space and has no HOA.
Property Size1,960 SF
Price / SF$561.22
Days on Market311
Property Features for 1872 SW 9th St
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$14,737
Building Details
Building Size
1,960 SF
Year Built
1935
Listing Agency:
Douglas Elliman
Listed By:
Ricky Alietti · License #3353806
747
Source:
Casacollectiongroup
Added: Dec 10, 2025
Changed: Oct 16
Last Checked: Oct 16 at 3:22PM
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 Douglas Elliman
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Investment Insights
Based on property information with market context.
This duplex, built in 1935, offers a spacious interior with abundant natural light and outdoor space. The property is positioned for residential use with room for entertaining and potential future expansion, as described in the property information. No HOA is associated with the property.
The address is on SW 9th Street in Miami’s Calle Ocho area, minutes from Downtown Miami, Brickell, and Coral Gables. Major highways, shopping, dining, and entertainment are also identified in the surrounding area. The property carries zoning designation 5700.
The address is on SW 9th Street in Miami’s Calle Ocho area, minutes from Downtown Miami, Brickell, and Coral Gables. Major highways, shopping, dining, and entertainment are also identified in the surrounding area. The property carries zoning designation 5700.
Key Highlights
- Duplex property built in 1935
- Outdoor space suitable for entertaining
- No HOA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,309
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,180
$786.2K
Cap Rate 7%
$561,557
$561.6K
Cap Rate 9%
$436,767
$436.8K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$60.0K $30.60/SF
− Vacancy
−$3.8K −$1.95/SF
EGI
$56.2K $28.65/SF
− OpEx
−$16.8K −$8.60/SF
NOI
$39.3K $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%
$786,180
Cap Rate 7%
$561,557
Cap Rate 9%
$436,767
Alternative Uses
Best Use
Multifamily LT 5
$561.6K
$491.4K – $655.2K
NOI $39,309 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$517.3K
$452.6K – $603.5K
NOI $36,208 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,611 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,972
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1935, this duplex includes outdoor space and has no HOA.
Where is this duplex located?
The property is located at 1872 SW 9th 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: Duplex property built in 1935; Outdoor space suitable for entertaining; No HOA
