Detached Duplex with Private
For Sale
$1,275,000
2635 SW 34th Ct, Miami, FL 33133
Residential Income, Miami, FL
Property Size2,942 SF
Lot Size0.20 Acres
Price / SF$433.38
Days on Market44
Property Features for 2635 SW 34th Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 4, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1
Parking
8
Security features
Security
Patio and Porch features
Patio
Exterior features
Fence, Fruit Trees, Patio, Shed, Storm/Security Shutters
Fencing
Fenced
Subdivision
CORAL PL REV
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-16-004-0390
Size
2,942 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL PL REVISED PB 43-57 LOT 3 BLK 5 LOT SIZE 60.000 X 143 OR 19914-0434 09 2001 1 COC 21983-3836 01 2004 4
Tax Annual Amount
9724
Legal Description
CORAL PL REVISED PB 43-57 LOT 3 BLK 5 LOT SIZE 60.000 X 143 OR 19914-0434 09 2001 1 COC 21983-3836 01 2004 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Ceiling Fan(s)
Building Details
Year built
1946
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Barrel
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Luis Alain Reyes · License #3289919
(786) 832-4663
Added: Jul 18
Changed: Aug 27
Last Checked: Aug 30 at 10:06PM
MLS# A12030053
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.
Investment Insights
Based on property information with market context.
This detached duplex contains two separate residences totaling 2,942 square feet. Each residence provides three bedrooms and two bathrooms, while the front home also includes two finished rooms that can serve as office or den space. The rear residence includes a private patio, and the property features tile flooring, block construction, a barrel roof, fencing, fruit trees, a shed, and storm/security shutters. The structure dates to 1946, with public sewer service and cable availability.
The property occupies an 8,580 sqft lot at 2635 SW 34th Ct in Miami’s 33133 area. It is located near Coral Gables’ Miracle Mile and Coconut Grove’s CocoWalk. The two-residence configuration supports living in one home while renting the other or leasing both residences.
The property occupies an 8,580 sqft lot at 2635 SW 34th Ct in Miami’s 33133 area. It is located near Coral Gables’ Miracle Mile and Coconut Grove’s CocoWalk. The two-residence configuration supports living in one home while renting the other or leasing both residences.
Key Highlights
- Two detached residences, each with a 3‑bedroom, 2‑bath layout
- 2,942 square feet across both residences
- 8,580 sqft lot at 2635 SW 34th Ct
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,003
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,180,060
$1.2M
Cap Rate 7%
$842,900
$842.9K
Cap Rate 9%
$655,589
$655.6K
Market Conditions
NOI Build-Up for 2,942 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.0K $30.60/SF
− Vacancy
−$5.7K −$1.95/SF
EGI
$84.3K $28.65/SF
− OpEx
−$25.3K −$8.60/SF
NOI
$59.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,180,060
Cap Rate 7%
$842,900
Cap Rate 9%
$655,589
Alternative Uses
Best Use
Multifamily LT 5
$842.9K
$737.5K – $983.4K
NOI $59,003 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$776.4K
$679.4K – $905.8K
NOI $54,349 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,011 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,487
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible owner-occupant or rental arrangements in Miami’s 33133 area.
Where is this duplex located?
The property is located at 2635 SW 34th Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Two detached residences, each with a 3‑bedroom, 2‑bath layout; 2,942 square feet across both residences; 8,580 sqft lot at 2635 SW 34th Ct
