Renovated
New
For Sale
$874,990
250 NW 34th Ave, Miami, FL 33125
Two rented residences combine updated interiors with recent building-system improvements.
Property Size1,854 SF
Price / SF$471.95
Days on Market4
Property Features for 250 NW 34th Ave
General Information
Standard status
Active
Size
1,854 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,266
Building Details
Building Size
1,854 SF
Year Built
1947
Year Renovated
2025
Buildings
1
Listing Agency:
United Realty Group Inc
Listed By:
Leticia Munoz · License #3168261
Source:
Allyandaj
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 8:45PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This 1,854-square-foot duplex contains two residences, each with two bedrooms. One unit has two bathrooms; the other has one. Work completed in 2025 included a permitted roof replacement, a new A/C unit, plumbing updates, a new electrical panel, and renovated kitchens and bathrooms with stainless steel appliances. The property was built in 1947, and both units are currently rented.
Key Highlights
- Two units: one with 2 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom
- 1,854 square feet
- 2025 updates include a permitted new roof, A/C unit, plumbing, electrical panel, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,183
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,660
$743.7K
Cap Rate 7%
$531,186
$531.2K
Cap Rate 9%
$413,144
$413.1K
Market Conditions
NOI Build-Up for 1,854 SF
Gross rent
$56.7K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$53.1K $28.65/SF
− OpEx
−$15.9K −$8.60/SF
NOI
$37.2K $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%
$743,660
Cap Rate 7%
$531,186
Cap Rate 9%
$413,144
Alternative Uses
Best Use
Multifamily LT 5
$531.2K
$464.8K – $619.7K
NOI $37,183 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$489.3K
$428.1K – $570.8K
NOI $34,250 @ 7.0% cap · market cap 3.91%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,602 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,981
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two rented residences combine updated interiors with recent building-system improvements.
Where is this duplex located?
The property is located at 250 NW 34th Ave Miami, FL.
What is the asking price?
The asking price for this property is $874,990.
What are key features of this property?
This property features: Two units: one with 2 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom; 1,854 square feet; 2025 updates include a permitted new roof, A/C unit, plumbing, electrical panel, kitchens, and bathrooms
