Duplex With Detached
For Sale
$725,000
325 NE 108th St, Miami, FL 33161
Main residence includes a den and primary suite, while the separate cottage provides a full kitchen and private living area.
Property Size1,705 SF
Price / SF$425.22
Days on Market56
Property Features for 325 NE 108th St
General Information
Standard status
Active
Size
1,705 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,360
Building Details
Building Size
1,705 SF
Year Built
1946
Listing Agency:
Ancla Realty, Inc.
Listed By:
Carolina Hernandez · License #3121013
(954) 446-5133
Source:
Casacollectiongroup
Added: Aug 13
Changed: Sep 26
Last Checked: Oct 7 at 6:50PM
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 Ancla Realty, Inc.
Investment Insights
Based on property information with market context.
This legal duplex includes a primary residence and a detached cottage. The main home offers two bedrooms, a den, and two bathrooms, with a designated primary suite. The separate cottage contains one bedroom, one bathroom, and a full kitchen, creating a distinct second living space on the property.
Built in 1946, the property is located at 325 NE 108th Street in Miami, Florida 33161, between Miami Shores and Biscayne Park. The recorded zoning designation is 5700.
Built in 1946, the property is located at 325 NE 108th Street in Miami, Florida 33161, between Miami Shores and Biscayne Park. The recorded zoning designation is 5700.
Key Highlights
- Legal duplex with a primary residence and separate detached cottage
- Main home includes 2 bedrooms, a den, 2 bathrooms, and a primary suite
- Detached cottage offers 1 bedroom, 1 bathroom, and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,195
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,900
$683.9K
Cap Rate 7%
$488,500
$488.5K
Cap Rate 9%
$379,944
$379.9K
Market Conditions
NOI Build-Up for 1,705 SF
Gross rent
$52.2K $30.60/SF
− Vacancy
−$3.3K −$1.95/SF
EGI
$48.8K $28.65/SF
− OpEx
−$14.7K −$8.60/SF
NOI
$34.2K $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%
$683,900
Cap Rate 7%
$488,500
Cap Rate 9%
$379,944
Alternative Uses
Best Use
Multifamily LT 5
$488.5K
$427.4K – $569.9K
NOI $34,195 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$450.0K
$393.7K – $525.0K
NOI $31,497 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,562 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Main residence includes a den and primary suite, while the separate cottage provides a full kitchen and private living area.
Where is this duplex located?
The property is located at 325 NE 108th St Miami, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Legal duplex with a primary residence and separate detached cottage; Main home includes 2 bedrooms, a den, 2 bathrooms, and a primary suite; Detached cottage offers 1 bedroom, 1 bathroom, and a full kitchen
