Duplex
For Sale
$598,000
244 SW 36th Avenue, Miami, FL 33135
Established duplex property in Little Havana near Downtown Miami and Coral Gables.
Property Size1,847 SF
Days on Market69
Property Features for 244 SW 36th Avenue
General Information
Standard status
Active
Size
1,847 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,003
Building Details
Building Size
1,847 SF
Year Built
1925
Listing Agency:
Legacy Realty Partners, LLC.
Listed By:
Javier Felix Fano Villaescusa · License #3488865
(305) 775-7013
Source:
Silverleafrealtygroup
Added: Aug 1
Changed: Oct 4
Last Checked: Oct 7 at 5:49PM
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 Legacy Realty Partners, LLC.
Investment Insights
Based on property information with market context.
This duplex property, built in 1925, is offered for sale as a residential income asset in Little Havana. Its central Miami setting places the property near Downtown Miami and Coral Gables. Showings are available by appointment on Wednesday at 1:00 PM and Friday after 5:30 PM.
Key Highlights
- Duplex property built in 1925
- Located in Little Havana
- Near Downtown Miami and Coral Gables
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,043
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,860
$740.9K
Cap Rate 7%
$529,186
$529.2K
Cap Rate 9%
$411,589
$411.6K
Market Conditions
NOI Build-Up for 1,847 SF
Gross rent
$56.5K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$52.9K $28.65/SF
− OpEx
−$15.9K −$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%
$740,860
Cap Rate 7%
$529,186
Cap Rate 9%
$411,589
Alternative Uses
Best Use
Multifamily LT 5
$529.2K
$463.0K – $617.4K
NOI $37,043 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$487.4K
$426.5K – $568.7K
NOI $34,120 @ 7.0% cap · market cap 5.71%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.45M
NOI $87,272 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,747
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Established duplex property in Little Havana near Downtown Miami and Coral Gables.
Where is this duplex located?
The property is located at 244 SW 36th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Duplex property built in 1925; Located in Little Havana; Near Downtown Miami and Coral Gables
