Two-Unit Duplex
For Sale
$1,498,000
2278 SW 16th Ave, Miami, FL 33145
A 1936-built duplex offers two matching three-bedroom, two-bath residential layouts near Miami’s established urban districts.
Property Size3,687 SF
Days on Market231
Property Features for 2278 SW 16th Ave
General Information
Standard status
Active
Size
3,687 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,000
Building Details
Building Size
3,687 SF
Year Built
1936
Listing Agency:
JFA Realty Co
Listed By:
Nurth Jacobo · License #3153709
(305) 910-1200
Source:
Marcelosteinmander
Added: Feb 20
Changed: Sep 28
Last Checked: Oct 7 at 3:21PM
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 JFA Realty Co
Investment Insights
Based on property information with market context.
Constructed in 1936, this duplex property contains two residential units, each configured with three bedrooms and two bathrooms. The matching layouts provide a consistent format across both sides of the building and support the property’s use as a two-unit residential asset.
The property is located at 2278 SW 16th Ave in Miami, near The Roads, Brickell, and Downtown Miami. Its urban setting places the duplex within an established Miami residential and employment context, while the address provides convenient access to these named districts.
The property is located at 2278 SW 16th Ave in Miami, near The Roads, Brickell, and Downtown Miami. Its urban setting places the duplex within an established Miami residential and employment context, while the address provides convenient access to these named districts.
Key Highlights
- Two residential units, each with a three‑bedroom, two‑bath layout
- Built in 1936
- Located at 2278 SW 16th Ave in Miami
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,945
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,900
$1.5M
Cap Rate 7%
$1,056,357
$1.1M
Cap Rate 9%
$821,611
$821.6K
Market Conditions
NOI Build-Up for 3,687 SF
Gross rent
$112.8K $30.60/SF
− Vacancy
−$7.2K −$1.95/SF
EGI
$105.6K $28.65/SF
− OpEx
−$31.7K −$8.60/SF
NOI
$73.9K $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%
$1,478,900
Cap Rate 7%
$1,056,357
Cap Rate 9%
$821,611
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$924.3K – $1.23M
NOI $73,945 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$973.0K
$851.4K – $1.14M
NOI $68,111 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,212 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,519
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - A 1936-built duplex offers two matching three-bedroom, two-bath residential layouts near Miami’s established urban districts.
Where is this duplex located?
The property is located at 2278 SW 16th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Two residential units, each with a three‑bedroom, two‑bath layout; Built in 1936; Located at 2278 SW 16th Ave in Miami
