Detached Duplex
For Sale
$1,590,000
1997 SW 17th Ct, Miami, FL 33145
Two legally permitted residences provide separate living spaces on an oversized corner lot.
Property Size2,264 SF
Price / SF$702.30
Days on Market60
Property Features for 1997 SW 17th Ct
General Information
Standard status
Active
Size
2,264 SF
Property subtype
Duplex
Site & Location
Neighborhood
Shenandoah South
Taxes and HOA fees
Annual Taxes
$17,232
Building Details
Building Size
2,264 SF
Year Built
1940
Listing Agency:
GTR Realty, Inc.
Listed By:
Ozzie Miller · License #3209959
(305) 558-2222
Source:
Allyandaj
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 28 at 1:50PM
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 GTR Realty, Inc.
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Investment Insights
Based on property information with market context.
This duplex property includes two separate, legally permitted detached residences on an oversized 9,243-square-foot corner lot. The front residence offers 4 bedrooms and 3 bathrooms, while the rear residence has 1 bedroom and 1 bathroom. Built in 1940, the property contains 2,264 square feet of building area, with both residences currently leased under different lease terms.
The property is located at 1997 SW 17th Ct in Miami, near Coral Gables, Coral Way, Little Havana, Brickell, Downtown Miami, Miami International Airport, LoanDepot Park, and Miami Freedom Park. Zoning is T3-O, with Duplex Residential Future Land Use. Any redevelopment, permitted-use, setback, dimensional, or governmental requirements remain subject to verification and City of Miami approval.
The property is located at 1997 SW 17th Ct in Miami, near Coral Gables, Coral Way, Little Havana, Brickell, Downtown Miami, Miami International Airport, LoanDepot Park, and Miami Freedom Park. Zoning is T3-O, with Duplex Residential Future Land Use. Any redevelopment, permitted-use, setback, dimensional, or governmental requirements remain subject to verification and City of Miami approval.
Key Highlights
- Two separate, legally permitted detached residences on one lot
- 9,243‑square‑foot oversized corner lot
- Front residence includes 4 bedrooms and 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,406
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,120
$908.1K
Cap Rate 7%
$648,657
$648.7K
Cap Rate 9%
$504,511
$504.5K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$69.3K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$64.9K $28.65/SF
− OpEx
−$19.5K −$8.60/SF
NOI
$45.4K $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%
$908,120
Cap Rate 7%
$648,657
Cap Rate 9%
$504,511
Alternative Uses
Best Use
Multifamily LT 5
$648.7K
$567.6K – $756.8K
NOI $45,406 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$597.5K
$522.8K – $697.1K
NOI $41,824 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $106,975 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
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Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two legally permitted residences provide separate living spaces on an oversized corner lot.
Where is this duplex located?
The property is located at 1997 SW 17th Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Two separate, legally permitted detached residences on one lot; 9,243‑square‑foot oversized corner lot; Front residence includes 4 bedrooms and 3 bathrooms
