Income Duplex For
2818 SW 2nd St Miami, FL 33135
For Sale
$935,000
Two-unit residential income property offered for sale in Miami, Florida.
Property Size2,262 SF
Price / SF$413.35
Days on Market24
Property Features for 2818 SW 2nd St
General Information
- Standard status
- Active
- Size
- 2,262 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1935
Listing Agency:
The Keyes Company
(786) 487-5713
Listed By:
Daisy Goetz · License #A11982609
(786) 487-5713
Source:
Riserealty
Added: Jul 1
Changed: Jul 24
Last Checked: Jul 24 at 2:36AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This for-sale duplex is classified as a residential income property and multifamily offering, suitable for buyers seeking a two-unit structure. The property comprises 2,262 square feet of total building area.
Located at 2818 SW 2nd St in Miami, Florida 33135, the asset is positioned as a straightforward income-producing housing option within the Miami market.
As a duplex, the configuration supports separate residential use across two units, providing a practical structure for investors or owner-occupants looking for multifamily income potential. The asking price is $935,000.
Located at 2818 SW 2nd St in Miami, Florida 33135, the asset is positioned as a straightforward income-producing housing option within the Miami market.
As a duplex, the configuration supports separate residential use across two units, providing a practical structure for investors or owner-occupants looking for multifamily income potential. The asking price is $935,000.
Key Highlights
- Two‑unit residential income property
- Built in 1935
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.2k | $30.60 |
| − Vacancy | −$4.4k | −$1.95 |
| EGI | $64.8k | $28.65 |
| − OpEx | −$19.4k | −$8.60 |
| NOI | $45.4k | $20.06 |
2,262 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$648.1K
$567.1K – $756.1K
NOI $45,366 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$597.0K
$522.3K – $696.5K
NOI $41,787 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $106,881 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit residential income property offered for sale in Miami, Florida.
Where is this duplex located?
The property is located at 2818 SW 2nd St Miami, FL.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Two‑unit residential income property; Built in 1935
