Renovated Duplex with Two
For Sale
$675,000
330 NW 82nd Terrace, Miami, FL 33150
Separate driveways support flexible occupancy and rental arrangements across the updated residences.
Property Size1,447 SF
Price / SF$466.48
Days on Market51
Property Features for 330 NW 82nd Terrace
General Information
Standard status
Active
Size
1,447 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Cap Rate
6%
Building Details
Year Built
1936
Year Renovated
2023
Listing Agency:
Avenew Realty Corp
(786) 888-0198
Listed By:
Horacio Ferrando · License #279638610
(786) 397-9417
Source:
Lehmannflorida
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 7 at 12:46PM
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 Avenew Realty Corp
Investment Insights
Based on property information with market context.
This 1,447-square-foot duplex contains a 4-bedroom, 2-bathroom front residence and a 1-bedroom, 1-bathroom rear unit. Built in 1936, the property has been extensively renovated, including new kitchens with quartz countertops, refreshed bathrooms, new flooring and lighting, upgraded electrical and plumbing systems, and impact windows. A new roof was installed in 2022, while the other listed systems were renovated in 2023.
Each residence has its own private driveway. The layout supports owner occupancy with a separate rental unit or leasing both units. The property is identified with zoning code 5700 and is currently offered at a 6% cap rate.
Each residence has its own private driveway. The layout supports owner occupancy with a separate rental unit or leasing both units. The property is identified with zoning code 5700 and is currently offered at a 6% cap rate.
Key Highlights
- 1,447 SF duplex with a 4BR/2BA front residence and 1BR/1BA rear unit
- New roof installed in 2022
- Electrical, plumbing, kitchens, bathrooms, flooring, lighting, and impact windows renovated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,020
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,400
$580.4K
Cap Rate 7%
$414,571
$414.6K
Cap Rate 9%
$322,444
$322.4K
Market Conditions
NOI Build-Up for 1,447 SF
Gross rent
$44.3K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.5K $28.65/SF
− OpEx
−$12.4K −$8.60/SF
NOI
$29.0K $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%
$580,400
Cap Rate 7%
$414,571
Cap Rate 9%
$322,444
Alternative Uses
Best Use
Multifamily LT 5
$414.6K
$362.8K – $483.7K
NOI $29,020 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$381.9K
$334.1K – $445.5K
NOI $26,731 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$976.7K
$854.6K – $1.14M
NOI $68,371 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
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Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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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 - Separate driveways support flexible occupancy and rental arrangements across the updated residences.
Where is this duplex located?
The property is located at 330 NW 82nd Terrace Miami, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,447 SF duplex with a 4BR/2BA front residence and 1BR/1BA rear unit; New roof installed in 2022; Electrical, plumbing, kitchens, bathrooms, flooring, lighting, and impact windows renovated in 2023
