Two-Unit Duplex with Central
2744 SW 16th Terrace, Miami, FL 33145
For Sale
$799,999
1925 duplex with wood flooring, two parking spaces, and T3O zoning supporting multifamily and townhome development.
Property Size1,563 SF
Lot Size0.16 Acres
Price / SF$511.84
Days on Market107
Property Features for 2744 SW 16th Terrace
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Lease Term
Site & Location
Neighborhood
Amenities
wood floors
central air
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
One Sotheby's International Realty
Listed By:
Daniel Vera · License FL A12074966
(786) 972-4883
Source:
Onesothebysrealty
Added: Aug 1
Changed: Nov 2
Last Checked: Nov 14 at 6:30AM
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 One Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1925, this duplex contains two separate residential units totaling 1,563 square feet on a 7,000-square-foot lot. Interior features include wood floors and central air, while two parking spaces serve the property. The roof is new, and PBC plumbing has also been installed. The front unit is rented and the rear unit is occupied, providing an existing residential income profile.
The property is located at 2744 SW 16th Ter in Miami’s Shenandoah neighborhood, with Downtown Miami, Brickell, and Coral Gables described as minutes away. T3O zoning permits modern multi-unit or townhome construction. The existing two-unit layout can support an owner-occupant arrangement or continued use as a residential income property.
The property is located at 2744 SW 16th Ter in Miami’s Shenandoah neighborhood, with Downtown Miami, Brickell, and Coral Gables described as minutes away. T3O zoning permits modern multi-unit or townhome construction. The existing two-unit layout can support an owner-occupant arrangement or continued use as a residential income property.
Key Highlights
- Two separate units totaling 1,563 square feet
- 7,000‑square‑foot lot in Miami’s Shenandoah neighborhood
- T3O zoning permits modern multi‑unit or townhome construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,347
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,940
$626.9K
Cap Rate 7%
$447,814
$447.8K
Cap Rate 9%
$348,300
$348.3K
Market Conditions
NOI Build-Up for 1,563 SF
Gross rent
$47.8K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$44.8K $28.65/SF
− OpEx
−$13.4K −$8.60/SF
NOI
$31.3K $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%
$626,940
Cap Rate 7%
$447,814
Cap Rate 9%
$348,300
Alternative Uses
Best Use
Multifamily LT 5
$447.8K
$391.8K – $522.5K
NOI $31,347 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$412.5K
$360.9K – $481.2K
NOI $28,874 @ 7.0% cap · market cap 3.61%
Theoretical Best
Specialty Retail
$1.06M
$923.2K – $1.23M
NOI $73,852 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,469
Businesses Nearby
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Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - 1925 duplex with wood flooring, two parking spaces, and T3O zoning supporting multifamily and townhome development.
Where is this duplex located?
The property is located at 2744 SW 16th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two separate units totaling 1,563 square feet; 7,000‑square‑foot lot in Miami’s Shenandoah neighborhood; T3O zoning permits modern multi‑unit or townhome construction
