Renovated Two-Unit
For Sale
$1,279,000
2884 SW 36th Ave, Miami, FL 33133
Each residence includes three bedrooms, two bathrooms, and its own backyard.
Property Size2,932 SF
Lot Size0.16 Acres
Price / SF$436.22
Days on Market68
Property Features for 2884 SW 36th Ave
General Information
Standard status
Active
Size
2,932 SF
Lot size
0.16 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$18,474
Building Details
Building Size
2,932 SF
Year Built
2004
Buildings
1
Listing Agency:
HomeCoin.com
Listed By:
Jonathan Minerick · License #3477996
(888) 400-2513
Source:
Batrare
Added: Aug 6
Changed: Oct 2
Last Checked: Oct 11 at 11:17AM
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 HomeCoin.com
Investment Insights
Based on property information with market context.
This duplex at 2884 SW 36th Ave in Miami contains 2,932 square feet and was built in 2004. The property includes two separate residences, each with three bedrooms and two bathrooms. The rear residence also has a den that can serve as an office. Both units feature hurricane-proof French doors, new appliances, and updated cabinets and countertops, with separate backyard areas for each residence.
The property is identified as a 7,000-square-foot parcel and carries multifamily 2-9 units land use. An additional address, 2886, is associated with the property but has not yet been built.
The property is identified as a 7,000-square-foot parcel and carries multifamily 2-9 units land use. An additional address, 2886, is associated with the property but has not yet been built.
Key Highlights
- 2,932‑square‑foot duplex built in 2004
- Two residences, each with 3 bedrooms and 2 bathrooms
- Rear unit includes an extra den or office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,803
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,060
$1.2M
Cap Rate 7%
$840,043
$840.0K
Cap Rate 9%
$653,367
$653.4K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$89.7K $30.60/SF
− Vacancy
−$5.7K −$1.95/SF
EGI
$84.0K $28.65/SF
− OpEx
−$25.2K −$8.60/SF
NOI
$58.8K $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%
$1,176,060
Cap Rate 7%
$840,043
Cap Rate 9%
$653,367
Alternative Uses
Best Use
Multifamily LT 5
$840.0K
$735.0K – $980.1K
NOI $58,803 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$773.8K
$677.1K – $902.7K
NOI $54,164 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,538 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,437
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, two bathrooms, and its own backyard.
Where is this duplex located?
The property is located at 2884 SW 36th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,279,000.
What are key features of this property?
This property features: 2,932‑square‑foot duplex built in 2004; Two residences, each with 3 bedrooms and 2 bathrooms; Rear unit includes an extra den or office
