Detached
New
For Sale
$590,000
3330 NW 15th Ave, Miami, FL 33142
Two detached residences occupy one lot, with separate electric meters and a shared water meter.
Property Size1,465 SF
Price / SF$402.73
Days on Market4
Property Features for 3330 NW 15th Ave
General Information
Standard status
Active
Size
1,465 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,890
Building Details
Building Size
1,465 SF
Year Built
1939
Buildings
2
Listing Agency:
Campos Commercial Real Estate LLC
Listed By:
Francisco Campos · License #3368417
(786) 805-7408
Source:
Batrare
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 12:39PM
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 Campos Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex comprises two detached residential buildings on one lot. The main residence has 3 bedrooms and 2 bathrooms; the second has 1 bedroom and 1 bathroom. Renovation work is underway. The roof was completed under permit in 2021, and the windows were completed with final permit in 2026. The property was built in 1939 and has a reported size of 1,465.
The property is in Allapattah, with access to Wynwood, the Health District, Downtown Miami, Miami International Airport, employment centers, and expressways. The two residences have separate electric meters and share one water meter.
The property is in Allapattah, with access to Wynwood, the Health District, Downtown Miami, Miami International Airport, employment centers, and expressways. The two residences have separate electric meters and share one water meter.
Key Highlights
- Legal duplex with two detached residential buildings on one lot
- Main residence: 3 bedrooms and 2 bathrooms; second residence: 1 bedroom and 1 bathroom
- Separate electric meters; one shared water meter
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
$29,381
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
4.98%
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%
$587,620
$587.6K
Cap Rate 7%
$419,729
$419.7K
Cap Rate 9%
$326,456
$326.5K
Market Conditions
NOI Build-Up for 1,465 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
$44.8K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$42.0K $28.65/SF
− OpEx
−$12.6K −$8.60/SF
NOI
$29.4K $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%
$587,620
Cap Rate 7%
$419,729
Cap Rate 9%
$326,456
Alternative Uses
Best Use
Multifamily LT 5
$419.7K
$367.3K – $489.7K
NOI $29,381 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$386.6K
$338.3K – $451.1K
NOI $27,064 @ 7.0% cap · market cap 4.59%
Theoretical Best
Specialty Retail
$988.9K
$865.3K – $1.15M
NOI $69,222 @ 7.0% cap · market cap 11.73%
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
1,339
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
Check the figures for this property
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 - Two detached residences occupy one lot, with separate electric meters and a shared water meter.
Where is this duplex located?
The property is located at 3330 NW 15th Ave Miami, FL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Legal duplex with two detached residential buildings on one lot; Main residence: 3 bedrooms and 2 bathrooms; second residence: 1 bedroom and 1 bathroom; Separate electric meters; one shared water meter
