Two-Unit Duplex with
3143 MILLER Avenue, Lake Placid, FL 33852
For Sale
$385,000
Residential Income, LAKE PLACID, FL
Property Size2,653 SF
Lot Size0.23 Acres
Price / SF$145.12
Days on Market47
Property Features for 3143 MILLER Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Patio and Porch features
Pets allowed
Interior features
Exterior features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
open floor plan
tile flooring
kitchen island with bar seating
pantry
walk-in closet
en-suite bath
dual vanities
garden tub
walk-in shower
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
REMAX EXPERTS · RE/MAX International
(863) 802-5262
Listed By:
Jake Bellamy · License FL #3225833
(863) 838-7804
Added: Sep 25
Changed: Nov 6
Last Checked: Nov 10 at 2:06AM
MLS# L4965355
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2008, this 2,653-square-foot duplex contains two three-bedroom, two-bath residences on a 0.23-acre parcel. Each home has a private well and an attached one-car garage. Tile finishes run through the main living spaces, while the open kitchen, dining area, and family room form a connected living area. Each kitchen includes an island with bar seating and a closet pantry.
The primary bedroom in each residence has a walk-in closet and an en-suite bathroom with dual vanities, a garden tub, and a separate shower. Two additional bedrooms share a full bathroom. The property is located west of Lake June in Lake Placid, Florida, and is zoned R. Both residences are tenant-occupied and leased.
The primary bedroom in each residence has a walk-in closet and an en-suite bathroom with dual vanities, a garden tub, and a separate shower. Two additional bedrooms share a full bathroom. The property is located west of Lake June in Lake Placid, Florida, and is zoned R. Both residences are tenant-occupied and leased.
Key Highlights
- Two leased residences, each with 3 bedrooms and 2 bathrooms
- 2,653‑square‑foot duplex on a 0.23‑acre parcel
- Attached 1‑car garage and private well at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,962
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,240
$479.2K
Cap Rate 7%
$342,314
$342.3K
Cap Rate 9%
$266,244
$266.2K
Market Conditions
NOI Build-Up for 2,653 SF
Gross rent
$36.6K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$34.2K $12.90/SF
− OpEx
−$10.3K −$3.87/SF
NOI
$24.0K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,240
Cap Rate 7%
$342,314
Cap Rate 9%
$266,244
Alternative Uses
Best Use
Multifamily LT 5
$342.3K
$299.5K – $399.4K
NOI $23,962 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$318.1K
$278.3K – $371.1K
NOI $22,267 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$551.9K
$483.0K – $643.9K
NOI $38,636 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 33852, FL
21,635
Population
12,991
Households
1.7
Avg Household Size
55
Median Age
20%
College-Educated
85%
High-School Grad
293.4 sq mi
ZIP Area
74
Density / Sq Mi
$54,841
Median Household Income
$39,658
Median Earnings
$1,063
Median Rent
$205,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Highlands County, FL
Properties on Market for Duplexes in Highlands County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and offer three bedrooms, two bathrooms, and private wells.
Where is this duplex located?
The property is located at 3143 MILLER Avenue Lake Placid, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two leased residences, each with 3 bedrooms and 2 bathrooms; 2,653‑square‑foot duplex on a 0.23‑acre parcel; Attached 1‑car garage and private well at each residence
