Duplex with Two Separate
2341 Southwest 9th Street Miami, FL 33135
For Sale
$549,000
Duplex includes a 3-bedroom, 2-bath main home and a 1-bedroom, 1-bath second structure.
Property Size1,380 SF
Price / SF$397.83
Days on Market185
Property Features for 2341 Southwest 9th Street
General Information
- Standard status
- Active
- Size
- 1,380 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1926
Listing Agency:
Keller Williams Elite Properties
(305) 931-2224
Listed By:
Richard Flor · License #3549674
(305) 931-2224
Source:
Compass
Added: Jan 20
Changed: Jul 21
Last Checked: Jul 23 at 11:24AM
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 Keller Williams Elite Properties
Investment Insights
Based on property information with market context.
This duplex offers two separate structures. The main house features three bedrooms and two full baths. A second structure includes one bedroom and one bath, providing flexible layout options for an owner-occupant or an income-focused arrangement.
The property is zoned T4-R and is positioned directly across from Jose Lincoln-Martà School. It is also just minutes from Calle Ocho and within reach of Downtown Miami and Brickell, with easy access to major highways.
With two distinct living areas under a single ownership, the configuration supports multiple practical uses while maintaining a centrally located, neighborhood-serving setting.
The property is zoned T4-R and is positioned directly across from Jose Lincoln-Martà School. It is also just minutes from Calle Ocho and within reach of Downtown Miami and Brickell, with easy access to major highways.
With two distinct living areas under a single ownership, the configuration supports multiple practical uses while maintaining a centrally located, neighborhood-serving setting.
Key Highlights
- Duplex with two separate structures: main home and a second structure
- Main house features 3 bedrooms and 2 full baths
- Second structure includes 1 bedroom and 1 bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.2k | $30.60 |
| − Vacancy | −$2.7k | −$1.95 |
| EGI | $39.5k | $28.65 |
| − OpEx | −$11.9k | −$8.60 |
| NOI | $27.7k | $20.06 |
1,380 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.4K
$346.0K – $461.3K
NOI $27,677 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$364.2K
$318.7K – $424.9K
NOI $25,493 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$931.5K
$815.1K – $1.09M
NOI $65,206 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex includes a 3-bedroom, 2-bath main home and a 1-bedroom, 1-bath second structure.
Where is this duplex located?
The property is located at 2341 Southwest 9th Street Miami, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Duplex with two separate structures: main home and a second structure; Main house features 3 bedrooms and 2 full baths; Second structure includes 1 bedroom and 1 bath
