Updated Duplex
2967 SW 21 St, Miami, FL 33145
For Sale
$1,300,000
A fenced, landscaped parcel includes a separate upstairs apartment with its own electric meter and laundry.
Property Size2,312 SF
Lot Size0.26 Acres
Price / SF$562.28
Days on Market17
Property Features for 2967 SW 21 St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Amenities
1/4 To Less Than 1/2 Acre Lot, Irregular Lot
Shingle
Fenced
Public Sewer
Parcel Number: 01-41-09-039-0200, Public Survey Range: 41, Public Survey Section: 9, Public Survey Township: 41, Annual Amount: $14,875, Legal Description: MILLERDALE PB 6-18 LOT 23 BLK 1 LOT SIZE IRREGULAR OR 20133-1874 12 2001 5 COC 26046-4861 11 2007 5, Year: 2025, Zoning: 5700
Tile, Wood
Central Air
Central
Listing ID: A12115015, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-10-30, 13 days on market, Rent Includes: Gardener, Trash Collection
2 total parking spaces
Complete Panel Shutters/Awnings, Hurricane Shutters, Blinds
Built in 1936, Year Built Details: Effective Year Built, Living area: 2312, Living area units: Square Feet, 2 stories, Construction Materials: Frame
Subdivision: MILLERDALE, MLS Area (Major): Millerdale, County/Parish: Miami-Dade County
Substantially Remodeled, Leasable area units: Square Feet
2 units in community
Water Source: Municipal Water
Funding
Patio/Porch Features: Screened Porch, Fruit Trees, Room For Pool
Stairs
Building Details
Year Built
Tenancy
Listing Agency:
LM Realty Group
Listed By:
Lucy Mangrum · License FL #3275234
(305) 746-4838
Source:
Riserealty
Added: Oct 30
Changed: Nov 14
Last Checked: Nov 14 at 2:31PM
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 LM Realty Group
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Investment Insights
Based on property information with market context.
At 2967 SW 21 St in Miami, this updated residential property has a 3-bedroom, 2-bath main house and a freestanding second-story apartment with 1 bedroom and 1 bath. The apartment includes a laundry room, storage, and a separate electric meter. The property contains 2,312 square feet and was built in 1936.
The fenced lot measures 11,484 square feet, with mature tropical fruit trees and landscaping. T3-O Suburban zoning allows single-family or two-family construction, up to 2 stories and 25 feet to the eave, according to the property information. The existing configuration and zoning provide for continued residential use or consideration of additions or redevelopment.
The fenced lot measures 11,484 square feet, with mature tropical fruit trees and landscaping. T3-O Suburban zoning allows single-family or two-family construction, up to 2 stories and 25 feet to the eave, according to the property information. The existing configuration and zoning provide for continued residential use or consideration of additions or redevelopment.
Key Highlights
- 11,484‑square‑foot fenced lot with mature tropical fruit trees
- Main house has 3 bedrooms and 2 bathrooms
- Freestanding second‑story apartment has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,368
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,360
$927.4K
Cap Rate 7%
$662,400
$662.4K
Cap Rate 9%
$515,200
$515.2K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$70.7K $30.60/SF
− Vacancy
−$4.5K −$1.95/SF
EGI
$66.2K $28.65/SF
− OpEx
−$19.9K −$8.60/SF
NOI
$46.4K $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%
$927,360
Cap Rate 7%
$662,400
Cap Rate 9%
$515,200
Alternative Uses
Best Use
Multifamily LT 5
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$610.2K
$533.9K – $711.9K
NOI $42,711 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,243 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,360
Businesses Nearby
Explore this area
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
$560,300
Median Home Value
Market
Average Price Trend$/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 - A fenced, landscaped parcel includes a separate upstairs apartment with its own electric meter and laundry.
Where is this duplex located?
The property is located at 2967 SW 21 St Miami, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 11,484‑square‑foot fenced lot with mature tropical fruit trees; Main house has 3 bedrooms and 2 bathrooms; Freestanding second‑story apartment has 1 bedroom and 1 bathroom
