Renovated
For Sale
$949,000
241 NW 32nd St, Miami, FL 33127
Residential Income, Miami, FL
Property Size1,708 SF
Price / SF$555.62
Days on Market90
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Property Features for 241 NW 32nd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
3900
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4
Parking
6
Patio and Porch features
Patio
Exterior features
Fence, Patio
Fencing
Fenced
Subdivision
WYND WOOD PARK
Lot features
< 1/4 Acre
Directions
SEE GPS
Standard status
Active
APN
01-31-25-019-2960
Size
1,708 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WYNDWOOD PARK PB 5-23 LOT 20 BLK 15 LOT SIZE 50.000 X 100 OR 16514-2512 0994 1
Tax Annual Amount
15768
Legal Description
WYNDWOOD PARK PB 5-23 LOT 20 BLK 15 LOT SIZE 50.000 X 100 OR 16514-2512 0994 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Marcia Sanchez · License #3154242
(786) 337-3722
Added: Jul 18
Changed: Oct 13
Last Checked: Oct 15 at 6:06PM
MLS# A12041888
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 1,708-square-foot duplex contains two renovated residences, each configured with two bedrooms and one bathroom. Both units are currently leased. The property was built in 1955 and has block construction, ceramic tile flooring, a fenced patio, and a garage.
Located in Miami, the property is near Wynwood Walls, Midtown Miami, the Design District, and Downtown. Public water and sewer serve the site, and cable is available.
Located in Miami, the property is near Wynwood Walls, Midtown Miami, the Design District, and Downtown. Public water and sewer serve the site, and cable is available.
Key Highlights
- Two renovated units, each with 2 bedrooms and 1 bathroom
- Both units are currently leased
- 1,708 square feet across the duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,255
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,100
$685.1K
Cap Rate 7%
$489,357
$489.4K
Cap Rate 9%
$380,611
$380.6K
Market Conditions
NOI Build-Up for 1,708 SF
Gross rent
$52.3K $30.60/SF
− Vacancy
−$3.3K −$1.95/SF
EGI
$48.9K $28.65/SF
− OpEx
−$14.7K −$8.60/SF
NOI
$34.3K $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%
$685,100
Cap Rate 7%
$489,357
Cap Rate 9%
$380,611
Alternative Uses
Best Use
Multifamily LT 5
$489.4K
$428.2K – $570.9K
NOI $34,255 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$450.8K
$394.4K – $525.9K
NOI $31,553 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.35M
NOI $80,704 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6,683
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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 - Both residences are leased, with a fenced patio and garage on site.
Where is this duplex located?
The property is located at 241 NW 32nd St Miami, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two renovated units, each with 2 bedrooms and 1 bathroom; Both units are currently leased; 1,708 square feet across the duplex
