Duplex With Two Detached
For Sale
$1,590,000
1997 SW 17th Ct, Miami, FL 33145
Residential Income, Miami, FL
Property Size2,264 SF
Lot Size0.21 Acres
Price / SF$702.30
Days on Market47
Property Features for 1997 SW 17th Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1
Parking
4
Patio and Porch features
Patio
Exterior features
Fence, Lighting, Patio, Shed, Awning(s)
Fencing
Fenced
Subdivision
WOODCREST
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-10-037-0120
Size
2,264 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WOODCREST PB 16-56 LOT 13 BLK 1 LOT SIZE 61.620 X 150 OR 20990-2663 02 2002 4 COC 22928-2384 12 2004 4
Tax Annual Amount
17232
Legal Description
WOODCREST PB 16-56 LOT 13 BLK 1 LOT SIZE 61.620 X 150 OR 20990-2663 02 2002 4 COC 22928-2384 12 2004 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Tile
Listing Agency:
GTR Realty, Inc.
(954) 450-3222
Listed By:
Ozzie Miller · License #3209959
(305) 558-2222
Added: Sep 8
Changed: Oct 20
Last Checked: Oct 24 at 6:06PM
MLS# A12084493
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.
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Investment Insights
Based on property information with market context.
This duplex property includes two separate, legally permitted detached residences on one lot. The front home contains four bedrooms and three bathrooms, while the rear home offers one bedroom and one bathroom. Combined building area is 2264 square feet on a 9,243 square foot corner lot. Both residences feature ceramic tile flooring and central heating and cooling, with block construction and tile roofing. Site improvements include fencing, lighting, patios, an awning, and a shed.
Located at 1997 SW 17th Ct in Miami, the property is near Coral Gables, Coral Way, Little Havana, Brickell, Downtown Miami, Miami International Airport, LoanDepot Park, and Miami Freedom Park. The property carries T3-O zoning with Duplex Residential Future Land Use. One residence is leased through March 2027, and the other is occupied under a month-to-month lease. Future development remains subject to City of Miami approval and applicable governmental requirements.
Located at 1997 SW 17th Ct in Miami, the property is near Coral Gables, Coral Way, Little Havana, Brickell, Downtown Miami, Miami International Airport, LoanDepot Park, and Miami Freedom Park. The property carries T3-O zoning with Duplex Residential Future Land Use. One residence is leased through March 2027, and the other is occupied under a month-to-month lease. Future development remains subject to City of Miami approval and applicable governmental requirements.
Key Highlights
- Two separate, legally permitted detached residences on one lot
- 2264 square feet of combined building area
- 9,243 square foot corner lot
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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Lease Details
2
Residential units
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 homes occupy a fenced corner parcel with public water and sewer service.
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; 2264 square feet of combined building area; 9,243 square foot corner lot
