Renovated 2-Unit
2359 NW 32nd St, Miami, FL 33142
For Sale
$649,000
Two one-bedroom apartments have individual laundry, air conditioning, and electrical meters.
Property Size1,064 SF
Lot Size0.19 Acres
Price / SF$609.96
Days on Market169
Property Features for 2359 NW 32nd St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
pool
private washer and dryer
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Blue B Properties, LLC
Listed By:
Patrizia Tarlao · License FL #3322896
(954) 860-6337
Source:
Emporiore
Added: May 26
Changed: Nov 7
Last Checked: Nov 10 at 2:21PM
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 Blue B Properties, LLC
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Investment Insights
Based on property information with market context.
This 1,064-square-foot duplex contains two renovated apartments, each configured with one bedroom and one bathroom. Both units have individual air-conditioning equipment and private washers and dryers, with separate electrical meters serving each apartment. The property was built in 1958.
The 8,477-square-foot parcel includes parking and a backyard. A fenced section at the rear contains a pool area used separately from the apartments.
The 8,477-square-foot parcel includes parking and a backyard. A fenced section at the rear contains a pool area used separately from the apartments.
Key Highlights
- Two renovated 1‑bedroom, 1‑bath apartments
- 1,064‑square‑foot building on an 8,477‑square‑foot lot
- Separate electrical meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,339
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,780
$426.8K
Cap Rate 7%
$304,843
$304.8K
Cap Rate 9%
$237,100
$237.1K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$32.6K $30.60/SF
− Vacancy
−$2.1K −$1.95/SF
EGI
$30.5K $28.65/SF
− OpEx
−$9.1K −$8.60/SF
NOI
$21.3K $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%
$426,780
Cap Rate 7%
$304,843
Cap Rate 9%
$237,100
Alternative Uses
Best Use
Multifamily LT 5
$304.8K
$266.7K – $355.7K
NOI $21,339 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$280.8K
$245.7K – $327.6K
NOI $19,656 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$718.2K
$628.4K – $837.9K
NOI $50,274 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
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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
$298,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom apartments have individual laundry, air conditioning, and electrical meters.
Where is this duplex located?
The property is located at 2359 NW 32nd St Miami, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two renovated 1‑bedroom, 1‑bath apartments; 1,064‑square‑foot building on an 8,477‑square‑foot lot; Separate electrical meters for each unit
