Income-Generating Duplex
For Sale
$592,500
26410 SW 138th Court, Homestead, FL 33032
Duplex offers two 3-bed, 2-bath units with central air and separate electric and water meters for each side.
Property Size2,214 SF
Price / SF$267.62
Days on Market103
Property Features for 26410 SW 138th Court
General Information
Standard status
Active
Size
2,214 SF
Property subtype
Duplex
Building Details
Year Built
2005
Listing Agency:
Modern World Realty
(305) 988-9640
Listed By:
John A. Mena · License #3277370
(305) 903-9158
Source:
Lehmannflorida
Added: Jul 9
Changed: Oct 16
Last Checked: Oct 16 at 9:23AM
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 Modern World Realty
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Investment Insights
Based on property information with market context.
This duplex provides two residential units, each configured with 3 bedrooms and 2 bathrooms. The property totals 6 bedrooms and 4 bathrooms, and includes central air conditioning. Separate electric and water meters support independent utility responsibility by unit.
The rear unit is currently occupied by a long-term tenant. The front unit is vacant and ready for a new tenant or owner-occupant.
Buyer and buyer’s agent must independently verify all property information, rental amounts, lease terms, and any applicable program requirements; please do not disturb the tenant.
The rear unit is currently occupied by a long-term tenant. The front unit is vacant and ready for a new tenant or owner-occupant.
Buyer and buyer’s agent must independently verify all property information, rental amounts, lease terms, and any applicable program requirements; please do not disturb the tenant.
Key Highlights
- Duplex built in 2005 with two separate 3‑bedroom, 2‑bath units (3/2 each)
- Central air in each unit
- Separate electric and water meters for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,907
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,140
$738.1K
Cap Rate 7%
$527,243
$527.2K
Cap Rate 9%
$410,078
$410.1K
Market Conditions
NOI Build-Up for 2,214 SF
Gross rent
$55.8K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$52.7K $23.81/SF
− OpEx
−$15.8K −$7.14/SF
NOI
$36.9K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,140
Cap Rate 7%
$527,243
Cap Rate 9%
$410,078
Alternative Uses
Best Use
Multifamily LT 5
$527.2K
$461.3K – $615.1K
NOI $36,907 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$486.4K
$425.6K – $567.5K
NOI $34,050 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$1.12M
$982.9K – $1.31M
NOI $78,628 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
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Business Placement
Demographics for 33032, FL
58,727
Population
19,102
Households
3.1
Avg Household Size
34
Median Age
24%
College-Educated
83%
High-School Grad
18.2 sq mi
ZIP Area
3,227
Density / Sq Mi
$74,995
Median Household Income
$36,515
Median Earnings
$1,626
Median Rent
$374,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers two 3-bed, 2-bath units with central air and separate electric and water meters for each side.
Where is this duplex located?
The property is located at 26410 SW 138th Court Homestead, FL.
What is the asking price?
The asking price for this property is $592,500.
What are key features of this property?
This property features: Duplex built in 2005 with two separate 3‑bedroom, 2‑bath units (3/2 each); Central air in each unit; Separate electric and water meters for each side
