Two-Story Duplex on Corner
New
For Sale
$730,000
200 NW 34th Ave, Miami, FL 33125
Residential Income, Miami, FL
Property Size1,867 SF
Price / SF$391
Days on Market5
Property Features for 200 NW 34th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Patio and Porch features
Patio
Exterior features
Patio
Subdivision
TWELFTH ST MANORS
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-04-023-3170
Size
1,867 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TWELFTH STREET MANORS PB 5-59 LOT 11 BLK 34 LOT SIZE 55.000 X 100 OR 17784-2095 0997 1 COC 24841-2881 08 2006 5
Tax Annual Amount
8705
Legal Description
TWELFTH STREET MANORS PB 5-59 LOT 11 BLK 34 LOT SIZE 55.000 X 100 OR 17784-2095 0997 1 COC 24841-2881 08 2006 5
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
1935
Floors in Building
2
Flooring type
Laminate, Tile
Building materials
Stucco
Roof type
Composition
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Yadira Marrero · License #3344126
(786) 273-8729
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 28 at 4:06PM
MLS# A12076285
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.
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. Interior finishes include tile and laminate flooring, with central air, electric cooling, central heating, and electric heating. A patio, stucco exterior, composition roof, and public sewer service are also included. The property is being sold AS-IS and has no HOA.
The property is located at 200 NW 34th Ave in Miami, near Coral Gables, Little Havana and Calle Ocho, Downtown Miami, Brickell, and Miami International Airport. The surrounding area provides access to major highways, shopping, dining, and employment centers.
The property is located at 200 NW 34th Ave in Miami, near Coral Gables, Little Havana and Calle Ocho, Downtown Miami, Brickell, and Miami International Airport. The surrounding area provides access to major highways, shopping, dining, and employment centers.
Key Highlights
- Two‑story duplex on a corner lot
- 1,867 square feet; built in 1935
- Upper unit: 2 bedrooms and 1 bathroom with updates
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,444
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$748,880
$748.9K
Cap Rate 7%
$534,914
$534.9K
Cap Rate 9%
$416,044
$416.0K
Market Conditions
NOI Build-Up for 1,867 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $37,444 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$492.7K
$431.1K – $574.8K
NOI $34,490 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,217 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,981
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with an updated upper residence, a larger lower unit, tile and laminate flooring, and an exterior patio.
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 on a corner lot; 1,867 square feet; built in 1935; Upper unit: 2 bedrooms and 1 bathroom with updates
