Two-Structure Duplex
For Sale
$625,000
3231 NW 19th Ave, Miami, FL 33142
Income-producing residential property with separate utility metering and two detached dwelling structures.
Property Size1,977 SF
Days on Market59
Property Features for 3231 NW 19th Ave
General Information
Standard status
Active
Size
1,977 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,781
Building Details
Building Size
1,977 SF
Year Built
1956
Buildings
2
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Miguel Fuentes · License #3403804
(305) 443-7423
Source:
Vanessafrankmiami
Added: Aug 20
Changed: Oct 14
Last Checked: Oct 16 at 3:09PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This duplex property comprises two single-family dwelling structures situated on one folio, with separate meters serving the residences. Two carports connect the structures and provide covered vehicle accommodation. Built in 1956, the property occupies a large corner parcel in Allapattah, offering a configuration suited to residential income ownership.
Key Highlights
- Two single‑family houses on one folio
- Separate meters for the residential structures
- Two carports connecting the buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,650
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,000
$793.0K
Cap Rate 7%
$566,429
$566.4K
Cap Rate 9%
$440,556
$440.6K
Market Conditions
NOI Build-Up for 1,977 SF
Gross rent
$60.5K $30.60/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$56.6K $28.65/SF
− OpEx
−$17.0K −$8.60/SF
NOI
$39.6K $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%
$793,000
Cap Rate 7%
$566,429
Cap Rate 9%
$440,556
Alternative Uses
Best Use
Multifamily LT 5
$566.4K
$495.6K – $660.8K
NOI $39,650 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$521.7K
$456.5K – $608.7K
NOI $36,522 @ 7.0% cap · market cap 5.84%
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.56M
NOI $93,414 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential property with separate utility metering and two detached dwelling structures.
Where is this duplex located?
The property is located at 3231 NW 19th Ave Miami, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two single‑family houses on one folio; Separate meters for the residential structures; Two carports connecting the buildings
