Income Duplex For
For Sale
$899,000
2818 SW 2nd Street, Miami, FL 33135
Two-unit residential income property offered for sale in Miami, Florida.
Property Size2,262 SF
Price / SF$397.44
Days on Market117
Property Features for 2818 SW 2nd Street
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Duplex
Site & Location
Neighborhood
Auburndale
Building Details
Year Built
1935
Listing Agency:
The Keyes Company
(305) 531-5803
Listed By:
Daisy A Goetz · License #3161393
(786) 487-5713
Source:
Lehmannflorida
Added: Jul 1
Changed: Oct 23
Last Checked: Oct 24 at 5:59PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$45,366
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$907,320
$907.3K
Cap Rate 7%
$648,086
$648.1K
Cap Rate 9%
$504,067
$504.1K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$69.2K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$64.8K $28.65/SF
− OpEx
−$19.4K −$8.60/SF
NOI
$45.4K $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%
$907,320
Cap Rate 7%
$648,086
Cap Rate 9%
$504,067
Alternative Uses
Best Use
Multifamily LT 5
$648.1K
$567.1K – $756.1K
NOI $45,366 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$597.0K
$522.3K – $696.5K
NOI $41,787 @ 7.0% cap · market cap 4.65%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $106,881 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,494
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
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
Frequently Asked Questions
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 Street Miami, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit residential income property; Built in 1935
