Renovated
New
For Sale
$729,000
2364 SW 14th St, Miami, FL 33145
Two separate structures provide a three-bedroom residence and a renovated one-bedroom unit with independent living arrangements.
Property Size1,366 SF
Lot Size0.18 Acres
Price / SF$533.67
Days on Market7
Property Features for 2364 SW 14th St
General Information
Standard status
Active
Size
1,366 SF
Lot size
0.18 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,131
Building Details
Building Size
1,366 SF
Year Built
1946
Buildings
2
Listing Agency:
P.U.R.E. Investments, Inc.
Listed By:
Luznery Cabrera · License #3553622
Source:
Allyandaj
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 23 at 9:09AM
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 P.U.R.E. Investments, Inc.
Investment Insights
Based on property information with market context.
This 1946 duplex property comprises two separate structures on a nearly 8,000-square-foot lot. The front residence contains three bedrooms and one bathroom, along with a carport, updated kitchen, and renovated bathroom. The rear one-bedroom, one-bathroom unit has renovations to its electrical, plumbing, kitchen, and bathroom systems.
The property is located in Grapeland Heights, with Coral Gables, Brickell, Downtown Miami, dining, and shopping described as minutes away. Grapeland Heights Park is one block from the property. The 1,366-square-foot property offers a two-structure configuration suited to separate living arrangements or rental use.
The property is located in Grapeland Heights, with Coral Gables, Brickell, Downtown Miami, dining, and shopping described as minutes away. Grapeland Heights Park is one block from the property. The 1,366-square-foot property offers a two-structure configuration suited to separate living arrangements or rental use.
Key Highlights
- Two separate structures on a nearly 8,000‑square‑foot lot
- Front residence includes 3 bedrooms, 1 bathroom, carport, updated kitchen, and renovated bathroom
- Rear unit offers 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,396
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$547,920
$547.9K
Cap Rate 7%
$391,371
$391.4K
Cap Rate 9%
$304,400
$304.4K
Market Conditions
NOI Build-Up for 1,366 SF
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.
Gross rent
$41.8K $30.60/SF
− Vacancy
−$2.7K −$1.95/SF
EGI
$39.1K $28.65/SF
− OpEx
−$11.7K −$8.60/SF
NOI
$27.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$547,920
Cap Rate 7%
$391,371
Cap Rate 9%
$304,400
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.5K – $456.6K
NOI $27,396 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$360.5K
$315.4K – $420.6K
NOI $25,235 @ 7.0% cap · market cap 3.46%
Theoretical Best
Specialty Retail
$922.1K
$806.8K – $1.08M
NOI $64,544 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate structures provide a three-bedroom residence and a renovated one-bedroom unit with independent living arrangements.
Where is this duplex located?
The property is located at 2364 SW 14th St Miami, FL.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Two separate structures on a nearly 8,000‑square‑foot lot; Front residence includes 3 bedrooms, 1 bathroom, carport, updated kitchen, and renovated bathroom; Rear unit offers 1 bedroom and 1 bathroom
