Remodeled Duplex in
For Sale
$1,040,000
241 NW 34th Ter, Miami, FL 33127
Turn-key duplex, ideal for investors, located near Wynwood.
Property Size1,576 SF
Days on Market316
Property Features for 241 NW 34th Ter
General Information
Standard status
Active
Size
1,576 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$17,639
Building Details
Building Size
1,576 SF
Year Built
1939
Stories
2
Listing Agency:
Lifestyle International Realty
(305) 809-8085
Listed By:
Sherry Lebowitz · License #3268355
(305) 496-0687
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:31AM
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 Lifestyle International Realty
Investment Insights
Based on property information with market context.
This fully remodeled duplex is located in Wynwood and is suitable for investors. The property features separate entrances and electric meters, along with modern appliances. The zoning is T4, and the property includes a spacious backyard. Recent upgrades include a newer roof, updated plumbing, impact windows, and a gated driveway. The property is located blocks from Wynwood and Midtown, making it suitable for rentals. The neighboring 4-plex at 251 NW 34th TER is also for sale, presenting a development opportunity.
Key Highlights
- Fully remodeled duplex in prime Wynwood location, ideal for rentals.
- Zoned T4 with extremely spacious backyard, offering development potential.
- Turn‑key property with separate entrances and electric meters.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,608
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,160
$632.2K
Cap Rate 7%
$451,543
$451.5K
Cap Rate 9%
$351,200
$351.2K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$48.2K $30.60/SF
− Vacancy
−$3.1K −$1.95/SF
EGI
$45.2K $28.65/SF
− OpEx
−$13.5K −$8.60/SF
NOI
$31.6K $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%
$632,160
Cap Rate 7%
$451,543
Cap Rate 9%
$351,200
Alternative Uses
Best Use
Multifamily LT 5
$451.5K
$395.1K – $526.8K
NOI $31,608 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$415.9K
$363.9K – $485.2K
NOI $29,114 @ 7.0% cap · market cap 2.80%
Theoretical Best
Specialty Retail
$1.06M
$930.8K – $1.24M
NOI $74,467 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,008
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Turn-key duplex, ideal for investors, located near Wynwood.
Where is this duplex located?
The property is located at 241 NW 34th Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: Fully remodeled duplex in prime Wynwood location, ideal for rentals.; Zoned T4 with extremely spacious backyard, offering development potential.; Turn‑key property with separate entrances and electric meters.
