Corner
For Sale
$620,000
2340 NW 15th Ave, Miami, FL 33142
Two-unit property on a corner parcel behind an industrial district in Allapattah.
Property Size2,139 SF
Days on Market63
Property Features for 2340 NW 15th Ave
General Information
Standard status
Active
Size
2,139 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,681
Building Details
Building Size
2,139 SF
Year Built
1957
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Miguel Fuentes · License #3403804
(305) 443-7423
Source:
Vanessafrankmiami
Added: Aug 20
Changed: Oct 17
Last Checked: Oct 21 at 5:21AM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This duplex is located at 2340 NW 15th Ave in Miami, Florida 33142. The property occupies an oversized corner lot on a dead-end street and sits behind the industrial district in Allapattah. Built in 1957, the two-unit configuration provides the defining physical characteristic of the asset.
Key Highlights
- Duplex configuration
- Oversized corner lot
- Located on a dead‑end street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,899
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,980
$858.0K
Cap Rate 7%
$612,843
$612.8K
Cap Rate 9%
$476,656
$476.7K
Market Conditions
NOI Build-Up for 2,139 SF
Gross rent
$65.5K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.3K $28.65/SF
− OpEx
−$18.4K −$8.60/SF
NOI
$42.9K $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%
$857,980
Cap Rate 7%
$612,843
Cap Rate 9%
$476,656
Alternative Uses
Best Use
Multifamily LT 5
$612.8K
$536.2K – $715.0K
NOI $42,899 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$564.5K
$493.9K – $658.6K
NOI $39,515 @ 7.0% cap · market cap 6.37%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $101,069 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,683
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property on a corner parcel behind an industrial district in Allapattah.
Where is this duplex located?
The property is located at 2340 NW 15th Ave Miami, FL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Duplex configuration; Oversized corner lot; Located on a dead‑end street
