Duplex with
New
For Sale
$989,000
234-236 NW 32nd Ave, Miami, FL 33125
Residential Income, Miami, FL
Property Size3,078 SF
Lot Size0.23 Acres
Price / SF$321.31
Days on Market3
Property Features for 234-236 NW 32nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Parking
8
Patio and Porch features
Patio, Porch
Exterior features
Fence, Lighting, Porch, Patio, Shed
Fencing
Fenced
Subdivision
TWELFTH STREET MANORS 1ST
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-04-024-1310
Size
3,078 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TWELFTH ST MANORS 1ST ADDN PB 5-67 UNDIV 1/2 INT IN LOTS 49 & 50 BLK 8 234 NW 32 AVE OR 13269-4267 0487 2
Tax Annual Amount
13300
Legal Description
TWELFTH ST MANORS 1ST ADDN PB 5-67 UNDIV 1/2 INT IN LOTS 49 & 50 BLK 8 234 NW 32 AVE OR 13269-4267 0487 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
basement/bunker
Building Details
Year built
1948
Floors in Building
1
Flooring type
Tile, Parquet Wood
Building materials
CBS (Concrete Block Structure), Block
Roof type
Barrel
Listing Agency:
Landan Realty LLC
Listed By:
Danay Puebla Llanos · License #3315105
(305) 338-6436
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 15 at 9:06AM
MLS# A12105751
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 duplex contains 3,078 square feet and sits on a 10,000-square-foot lot. Built in 1948 with concrete-block construction, the property has tile and parquet wood flooring, a barrel roof, and wall-furnace heating. Exterior features include a fence, lighting, a porch, a patio, and a shed. A basement is located beneath one of the units.
The property is in Miami, in ZIP code 33125. Public water and sewer serve the site, and cable is available.
The property is in Miami, in ZIP code 33125. Public water and sewer serve the site, and cable is available.
Key Highlights
- 3,078‑square‑foot duplex on a 10,000‑square‑foot lot
- Basement beneath one unit
- Concrete‑block construction; built in 1948
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
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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
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 fenced 10,000-square-foot parcel includes porch and patio areas, a shed, and a basement beneath one unit.
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 on a 10,000‑square‑foot lot; Basement beneath one unit; Concrete‑block construction; built in 1948
