Building Details

Building Size 1,867 SF

Year Built 1935

Buildings 1

Stories 2

Listing Agency: Florida Realty of Miami Corp

Listed By: Yadira Marrero · License #3344126 Show Phone

Source: Batrare

Added: Aug 24 Changed: Oct 13 Last Checked: Oct 15 at 5:11AM

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Investment Insights

Based on property information with market context.

This two-story duplex contains 1,867 square feet and was built in 1935. The upper residence offers 2 bedrooms and 1 bathroom with updates, while the lower residence includes 4 bedrooms and 2 bathrooms. The property is being sold AS-IS and is identified under zoning code 5700.

Positioned on a corner lot at 200 NW 34th Avenue in Miami, the property is near Coral Gables, Little Havana/Calle Ocho, Downtown Miami, Brickell, and Miami International Airport. Major highways, shopping, dining, and employment centers are also nearby. The property has no HOA.

Key Highlights

• Two‑story duplex with 1,867 SF
• Upper unit includes 2 bedrooms, 1 bathroom, and updates
• Lower unit offers 4 bedrooms and 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,444

Cap Rate

5.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$748,880 $748.9K

Cap Rate 7%

$534,914 $534.9K

Cap Rate 9%

$416,044 $416.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,867 SF

Gross rent

$57.1K $30.60/SF

− Vacancy

−$3.6K −$1.95/SF

EGI

$53.5K $28.65/SF

− OpEx

−$16.0K −$8.60/SF

NOI

$37.4K $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%

$748,880

Cap Rate 7%

$534,914

Cap Rate 9%

$416,044

Alternative Uses

Best Use

Multifamily LT 5

$534.9K

$468.1K – $624.1K (±1% cap)

NOI $37,444 @ 7.0% cap · market cap 5.13%

Second Best

Apartment 5plus

$492.7K

$431.1K – $574.8K (±1% cap)

NOI $34,490 @ 7.0% cap · market cap 4.72%

Theoretical Best

Specialty Retail

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,217 @ 7.0% cap · market cap 12.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Daycare Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,747

Businesses Nearby

Explore this area Business Placement

Demographics for 33125, FL

53,507

Population

22,496

Households

2.4

Avg Household Size

43

Median Age

22%

College-Educated

69%

High-School Grad

3.9 sq mi

ZIP Area

13,720

Density / Sq Mi

$40,940

Median Household Income

$30,648

Median Earnings

$1,427

Median Rent

$377,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential levels include an updated upper unit and a larger lower unit.

Where is this duplex located?

The property is located at 200 NW 34th Ave Miami, FL.

What is the asking price?

The asking price for this property is $730,000.

What are key features of this property?

This property features: Two‑story duplex with 1,867 SF; Upper unit includes 2 bedrooms, 1 bathroom, and updates; Lower unit offers 4 bedrooms and 2 bathrooms