Duplex with
New
For Sale
$989,000
234-236 NW 32nd Ave, Miami, FL 33125
The two-unit property includes a basement beneath one residence.
Property Size3,078 SF
Lot Size0.23 Acres
Days on Market4
Property Features for 234-236 NW 32nd Ave
General Information
Standard status
Active
Size
3,078 SF
Lot size
0.23 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,300
Building Details
Building Size
3,078 SF
Year Built
1948
Listing Agency:
Landan Realty LLC
Listed By:
Danay Puebla Llanos · License #3315105
(305) 338-6436
Source:
Vanessafrankmiami
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 11:05PM
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 Landan Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Miami duplex contains 3,078 square feet and dates to 1948. A basement is located beneath one of the units, providing an additional feature within the existing two-unit configuration.
The property occupies a 10,000-square-foot lot in Miami. Downtown Miami, Coral Gables, Miami International Airport, schools, shopping centers, and restaurants are identified as nearby destinations.
The property occupies a 10,000-square-foot lot in Miami. Downtown Miami, Coral Gables, Miami International Airport, schools, shopping centers, and restaurants are identified as nearby destinations.
Key Highlights
- 3,078‑square‑foot duplex
- 10,000‑square‑foot lot
- Basement beneath one unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,731
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,234,620
$1.2M
Cap Rate 7%
$881,871
$881.9K
Cap Rate 9%
$685,900
$685.9K
Market Conditions
NOI Build-Up for 3,078 SF
Gross rent
$94.2K $30.60/SF
− Vacancy
−$6.0K −$1.95/SF
EGI
$88.2K $28.65/SF
− OpEx
−$26.5K −$8.60/SF
NOI
$61.7K $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%
$1,234,620
Cap Rate 7%
$881,871
Cap Rate 9%
$685,900
Alternative Uses
Best Use
Multifamily LT 5
$881.9K
$771.6K – $1.03M
NOI $61,731 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$812.3K
$710.8K – $947.7K
NOI $56,861 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.42M
NOI $145,437 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,206
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
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property includes a basement beneath one residence.
Where is this duplex located?
The property is located at 234-236 NW 32nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 3,078‑square‑foot duplex; 10,000‑square‑foot lot; Basement beneath one unit
