Gutted Duplex Redevelopment
For Sale
$680,000
3034 NW 33rd St, Miami, FL 33142
Duplex-zoned property with a fully gutted structure and proposed front and rear residential layouts.
Property Size2,830 SF
Days on Market198
Property Features for 3034 NW 33rd St
General Information
Standard status
Active
Size
2,830 SF
Property subtype
Duplex
Property Condition
Severity
Major Repairs Needed
Evidence
fully gutted
Site & Location
Neighborhood
Liberty City
Taxes and HOA fees
Annual Taxes
$8,311
Building Details
Building Size
2,830 SF
Year Built
1926
Listing Agency:
List-A-House Realty, LLC
Listed By:
James Migues · License #3271735
(754) 799-3901
Source:
Miamibrokersgroup
Added: Apr 11
Changed: Oct 20
Last Checked: Oct 25 at 12:34AM
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 List-A-House Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex property presents a redevelopment project centered on a fully gutted existing structure. The proposed design calls for separate front and rear residences, including a four-bedroom, two-and-a-half-bath front unit and a three-bedroom, two-bath rear unit. Plans are expected by the end of April, with the completed project designed around new systems, layouts, and finishes.
The property is located in Miami’s Allapattah submarket at 3034 Northwest 33rd Street. The site offers access to Wynwood, Downtown Miami, Miami International Airport, and major transportation corridors. The original structure dates to 1926.
The property is located in Miami’s Allapattah submarket at 3034 Northwest 33rd Street. The site offers access to Wynwood, Downtown Miami, Miami International Airport, and major transportation corridors. The original structure dates to 1926.
Key Highlights
- Duplex‑zoned property at 3034 Northwest 33rd Street, Miami, FL 33142
- Existing structure is fully gutted for redevelopment
- Proposed front residence includes 4 bedrooms and 2‑1/2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,757
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,140
$1.1M
Cap Rate 7%
$810,814
$810.8K
Cap Rate 9%
$630,633
$630.6K
Market Conditions
NOI Build-Up for 2,830 SF
Gross rent
$86.6K $30.60/SF
− Vacancy
−$5.5K −$1.95/SF
EGI
$81.1K $28.65/SF
− OpEx
−$24.3K −$8.60/SF
NOI
$56.8K $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%
$1,135,140
Cap Rate 7%
$810,814
Cap Rate 9%
$630,633
Alternative Uses
Best Use
Multifamily LT 5
$810.8K
$709.5K – $946.0K
NOI $56,757 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$746.9K
$653.5K – $871.3K
NOI $52,280 @ 7.0% cap · market cap 7.69%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,719 @ 7.0% cap · market cap 19.66%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,569
Businesses Nearby
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex-zoned property with a fully gutted structure and proposed front and rear residential layouts.
Where is this duplex located?
The property is located at 3034 NW 33rd St Miami, FL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Duplex‑zoned property at 3034 Northwest 33rd Street, Miami, FL 33142; Existing structure is fully gutted for redevelopment; Proposed front residence includes 4 bedrooms and 2‑1/2 baths
