Multifamily Property with Detached
New
For Sale
$795,000
2511 NW 24th St, Miami, FL 33142
A primary residence is complemented by a separate two-story building at the rear of the property.
Property Size3,252 SF
Price / SF$244.46
Days on Market7
Property Features for 2511 NW 24th St
General Information
Standard status
Active
Size
3,252 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$10,301
Building Details
Building Size
3,252 SF
Year Built
1936
Buildings
2
Listing Agency:
Home Wiz USA
Listed By:
Tamara Reyes · License #3652864
(305) 389-3439
Source:
Allyandaj
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 10:58AM
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 Home Wiz USA
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Investment Insights
Based on property information with market context.
This multifamily property includes a primary residence and a detached, two-story building positioned behind it. The property dates to 1936 and is located at 2511 NW 24th Street in Miami, Florida. Zoning is listed as 3900.
Key Highlights
- Primary residence with a detached two‑story building at the rear
- Built in 1936
- Zoning: 3900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,075
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,201,500
$1.2M
Cap Rate 7%
$858,214
$858.2K
Cap Rate 9%
$667,500
$667.5K
Market Conditions
NOI Build-Up for 3,252 SF
Gross rent
$117.1K $36.00/SF
− Vacancy
−$7.8K −$2.41/SF
EGI
$109.2K $33.59/SF
− OpEx
−$49.2K −$15.11/SF
NOI
$60.1K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,201,500
Cap Rate 7%
$858,214
Cap Rate 9%
$667,500
Alternative Uses
Best Use
Apartment 5plus
$858.2K
$750.9K – $1.00M
NOI $60,075 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.20M
$1.92M – $2.56M
NOI $153,658 @ 7.0% cap · market cap 19.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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?
Multifamily property - A primary residence is complemented by a separate two-story building at the rear of the property.
Where is this multifamily property located?
The property is located at 2511 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Primary residence with a detached two‑story building at the rear; Built in 1936; Zoning: 3900
