Duplex With Separate Utility
2428 SW 12th St, Miami, FL 33135
For Sale
$1,089,500
Residential Income, Miami, FL
Property Size1,843 SF
Lot Size0.16 Acres
Price / SF$591.16
Days on Market50
Property Features for 2428 SW 12th St
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Luxe Properties
(305) 809-7650
Listed By:
Yudarys Betancourt · License FL #3238370
(786) 488-1636
Added: Sep 25
Changed: Nov 10
Last Checked: Nov 13 at 2:06AM
MLS# A12095678
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.
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Investment Insights
Based on property information with market context.
Built in 1941, this Miami duplex contains two units within 1,843 square feet of building area. The 6,900-square-foot lot supports a concrete-block structure with ceramic tile flooring, central heating and central air conditioning. Each unit has separate water and electric meters; the property also has public sewer service and cable availability.
The property is near Coral Gables, Miami International Airport and Calle Ocho. Its two-unit configuration and separate utility meters are defining features of the existing property.
The property is near Coral Gables, Miami International Airport and Calle Ocho. Its two-unit configuration and separate utility meters are defining features of the existing property.
Key Highlights
- Two‑unit duplex with separate water and electric meters
- 1,843 square feet of building area on a 6,900‑square‑foot lot
- Built in 1941 with concrete‑block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,962
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,240
$739.2K
Cap Rate 7%
$528,029
$528.0K
Cap Rate 9%
$410,689
$410.7K
Market Conditions
NOI Build-Up for 1,843 SF
Gross rent
$56.4K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$52.8K $28.65/SF
− OpEx
−$15.8K −$8.60/SF
NOI
$37.0K $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%
$739,240
Cap Rate 7%
$528,029
Cap Rate 9%
$410,689
Alternative Uses
Best Use
Multifamily LT 5
$528.0K
$462.0K – $616.0K
NOI $36,962 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$486.4K
$425.6K – $567.4K
NOI $34,046 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $87,083 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Market
Average Price Trend$/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 - The two-unit property has independent water and electric meters for each residence.
Where is this duplex located?
The property is located at 2428 SW 12th St Miami, FL.
What is the asking price?
The asking price for this property is $1,089,500.
What are key features of this property?
This property features: Two‑unit duplex with separate water and electric meters; 1,843 square feet of building area on a 6,900‑square‑foot lot; Built in 1941 with concrete‑block construction
