Renovated Two-Unit
331 SW 11th Ave, Miami, FL 33130
For Sale
$1,100,000
Both residences include in-unit laundry, central air conditioning, and private backyard space.
Property Size2,380 SF
Price / SF$462.18
Days on Market162
Property Features for 331 SW 11th Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Prestige One Realty LLC
Listed By:
Liliana Salazar · License FL #3510522
Source:
Maggirealty
Added: Jun 2
Changed: Nov 8
Last Checked: Nov 10 at 1:39PM
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 Prestige One Realty LLC
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Investment Insights
Based on property information with market context.
This 2,380-square-foot duplex contains two residences, each configured with three bedrooms and two bathrooms. The property received upgrades in 2019, including flooring, kitchens, bathrooms, and central air conditioning. Each residence also has a washer and dryer, with backyard space behind the building. Built in 1948, the property is fully occupied.
The duplex is four blocks from Calle 8, with Brickell, downtown Miami, Wynwood, the health district, Coconut Grove, Coral Gables, and the airport described as minutes away.
The duplex is four blocks from Calle 8, with Brickell, downtown Miami, Wynwood, the health district, Coconut Grove, Coral Gables, and the airport described as minutes away.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,380 square feet; built in 1948
- 2019 improvements include flooring, kitchens, bathrooms, and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,732
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,640
$954.6K
Cap Rate 7%
$681,886
$681.9K
Cap Rate 9%
$530,356
$530.4K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$72.8K $30.60/SF
− Vacancy
−$4.6K −$1.95/SF
EGI
$68.2K $28.65/SF
− OpEx
−$20.5K −$8.60/SF
NOI
$47.7K $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%
$954,640
Cap Rate 7%
$681,886
Cap Rate 9%
$530,356
Alternative Uses
Best Use
Multifamily LT 5
$681.9K
$596.7K – $795.5K
NOI $47,732 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$628.1K
$549.6K – $732.8K
NOI $43,967 @ 7.0% cap · market cap 4.00%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.87M
NOI $112,456 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,773
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include in-unit laundry, central air conditioning, and private backyard space.
Where is this duplex located?
The property is located at 331 SW 11th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,380 square feet; built in 1948; 2019 improvements include flooring, kitchens, bathrooms, and central air conditioning
