Two-Unit
New
For Sale
$795,000
2633 SW 34th Ave, Miami, FL 33133
The renovated property is occupied by tenants under a lease running through June 2027.
Property Size1,302 SF
Days on Market3
Property Features for 2633 SW 34th Ave
General Information
Standard status
Active
Size
1,302 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,915
Building Details
Building Size
1,302 SF
Year Built
1925
Buildings
1
Listing Agency:
Related General Realty, LLC.
Listed By:
Ydalia Rodriguez · License #3533172
(813) 485-3612
Source:
Vanessafrankmiami
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 11:18PM
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 Related General Realty, LLC.
Investment Insights
Based on property information with market context.
This renovated Miami duplex contains two residences totaling 1,302 square feet. One unit has three bedrooms and two bathrooms; the other has one bedroom and one bathroom. The building dates to 1925, and both units are tenant-occupied under a lease that runs through June 2027.
The property is at 2633 SW 34th Avenue in Miami’s 33133 area, with access to major roadways, shopping, dining, and business districts.
The property is at 2633 SW 34th Avenue in Miami’s 33133 area, with access to major roadways, shopping, dining, and business districts.
Key Highlights
- Two‑unit duplex totaling 1,302 square feet
- Unit mix: one 3‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom residence
- Renovated building constructed in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,112
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,240
$522.2K
Cap Rate 7%
$373,029
$373.0K
Cap Rate 9%
$290,133
$290.1K
Market Conditions
NOI Build-Up for 1,302 SF
Gross rent
$39.8K $30.60/SF
− Vacancy
−$2.5K −$1.95/SF
EGI
$37.3K $28.65/SF
− OpEx
−$11.2K −$8.60/SF
NOI
$26.1K $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%
$522,240
Cap Rate 7%
$373,029
Cap Rate 9%
$290,133
Alternative Uses
Best Use
Multifamily LT 5
$373.0K
$326.4K – $435.2K
NOI $26,112 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$343.6K
$300.7K – $400.9K
NOI $24,052 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$878.9K
$769.0K – $1.03M
NOI $61,520 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
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 - The renovated property is occupied by tenants under a lease running through June 2027.
Where is this duplex located?
The property is located at 2633 SW 34th Ave 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: Two‑unit duplex totaling 1,302 square feet; Unit mix: one 3‑bedroom, 2‑bathroom residence and one 1‑bedroom, 1‑bathroom residence; Renovated building constructed in 1925
