Residential Income Duplex
For Sale
$2,400,000
Pending
2960 Whitehead Street, Miami, FL 33133
9,600 SF lot with two rented 3-bedroom, 2-bath units and development potential in Coconut Grove.
Property SizeContact for details
Lot Size0.22 Acres
Days on Market65
Property Features for 2960 Whitehead Street
General Information
Standard status
Pending
Lot size
0.22 Acres
Property subtype
Land or Vacant Lot
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$22,832
Building Details
Tenancy
Multi
Listing Agency:
ONE SOTHEBY'S INTERNATIONAL REALTY
Listed By:
JILL R PENMAN · License #A11771596
Source:
Corcoran
Added: Jun 10
Changed: Aug 10
Last Checked: Aug 13 at 4:20AM
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
Investment Insights
Based on property information with market context.
Located at 2960 Whitehead Street in Miami, this property combines a residential duplex with development potential on a 9,600 SF lot. The existing improvements include two separate 3-bedroom, 2-bath units, each currently rented for approximately $5,000 per month, providing income while you plan future construction.
The seller notes the property is not in a flood zone and is situated in one of South Florida’s higher sea-level elevation areas. It is described as being in a tree-canopied Coconut Grove neighborhood, with proximity to bayfront parks, marinas, and the historic village.
For buyers seeking an income-producing setup with space to build, the current configuration offers two fully functioning units on one lot, with room to consider new construction plans moving forward.
The seller notes the property is not in a flood zone and is situated in one of South Florida’s higher sea-level elevation areas. It is described as being in a tree-canopied Coconut Grove neighborhood, with proximity to bayfront parks, marinas, and the historic village.
For buyers seeking an income-producing setup with space to build, the current configuration offers two fully functioning units on one lot, with room to consider new construction plans moving forward.
Key Highlights
- 9,600 SF lot in Coconut Grove with development potential for new construction
- Two 3‑bedroom, 2‑bath units on‑site, each rented for approximately $5,000/month
- Property not in a flood zone and described as in one of South Florida’s highest sea‑level elevations
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,238
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 9,600 SF lot with two rented 3-bedroom, 2-bath units and development potential in Coconut Grove.
Where is this duplex located?
The property is located at 2960 Whitehead Street Miami, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 9,600 SF lot in Coconut Grove with development potential for new construction; Two 3‑bedroom, 2‑bath units on‑site, each rented for approximately $5,000/month; Property not in a flood zone and described as in one of South Florida’s highest sea‑level elevations
