Duplex Income
For Sale
$930,000
Pending
3170 SW 26th St, Miami, FL 33133
Duplex residential income property listed for sale at 3170 SW 26th St in Miami.
Property Size2,287 SF
Days on Market55
Property Features for 3170 SW 26th St
General Information
Standard status
Pending
Size
2,287 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$16,568
Building Details
Building Size
2,287 SF
Year Built
1981
Listing Agency:
The Keyes Company
Listed By:
Jorge Aguila · License #0682200
(305) 788-7902
Source:
Batrare
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 25 at 12:04PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This duplex income property is available for sale at 3170 SW 26th St in Miami, Florida. The property is listed with a total size of approximately 2,287 square feet.
As a duplex, the building is structured to support two separate residential units within one income property. That makes it a straightforward option for buyers seeking a residential income asset with an established two-unit configuration.
For additional details such as unit mix, layout, or current condition, please contact the listing broker to request full offering information.
As a duplex, the building is structured to support two separate residential units within one income property. That makes it a straightforward option for buyers seeking a residential income asset with an established two-unit configuration.
For additional details such as unit mix, layout, or current condition, please contact the listing broker to request full offering information.
Key Highlights
- Duplex residential income property for sale at 3170 SW 26th St in Miami
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$917,340
$917.3K
Cap Rate 7%
$655,243
$655.2K
Cap Rate 9%
$509,633
$509.6K
Market Conditions
NOI Build-Up for 2,287 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.0K $30.60/SF
− Vacancy
−$4.5K −$1.95/SF
EGI
$65.5K $28.65/SF
− OpEx
−$19.7K −$8.60/SF
NOI
$45.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$917,340
Cap Rate 7%
$655,243
Cap Rate 9%
$509,633
Alternative Uses
Best Use
Multifamily LT 5
$655.2K
$573.3K – $764.5K
NOI $45,867 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$603.6K
$528.1K – $704.2K
NOI $42,249 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $108,062 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,253
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 - Duplex residential income property listed for sale at 3170 SW 26th St in Miami.
Where is this duplex located?
The property is located at 3170 SW 26th St Miami, FL.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Duplex residential income property for sale at 3170 SW 26th St in Miami; Built in 1981
