Remodeled
New
For Sale
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3348 NW 35th St Unit 3348, Miami, FL 33142
Updated interiors include renovated kitchens and bathrooms, new flooring, and an in-unit washer and dryer.
Property Size1,250 SF
Price / SF$2.40
Days on Market7
Property Features for 3348 NW 35th St Unit 3348
General Information
Standard status
Active
Size
1,250 SF
Total Parking Spaces
4
Property subtype
Multi-Unit
Additional Details
Multifamily Units
2
Amenities
washer/dryer
Lot Size Square Feet: 6900
Asphalt Roof
Sewer Type: Private Septic
Percentage of Tax that is Deductable: 0
Hardwood Floor, Vinyl Floor, Tile Floor
Has Central AC: 1
Electric Heat Fuel
Laundry Room
Rental, Sale Type: Foreclosure, Availability Date: 2026-10-14
3 Bedrooms
Built in 1985, Community Pets Allowed
Subdivision Name: Melrose Heights 4th Sec
Above Area Square Feet: 1250
2 Full Baths
Water Source: Municipal
Construction Type: Masonry - Concrete Block
Oven, Refrigerator, Microwave, Washer, Dryer, Hot Water Heater
Building Details
Year Built
1985
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Roger Schaeffler · License #3192647
(305) 598-5488
Source:
Doyle-realty
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:45PM
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 Florida Realty of Miami Corp
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Investment Insights
Based on property information with market context.
This duplex in Miami has remodeled interiors with new flooring, updated kitchens and bathrooms, and a washer and dryer. The property offers 1,250 square feet and was built in 1985.
The property is near Miami International Airport and includes four parking spaces.
The property is near Miami International Airport and includes four parking spaces.
Key Highlights
- Duplex with 1,250 square feet
- Four parking spaces
- Remodeled kitchens and bathrooms with new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,092
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,840
$461.8K
Cap Rate 7%
$329,886
$329.9K
Cap Rate 9%
$256,578
$256.6K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$45.0K $36.00/SF
− Vacancy
−$3.0K −$2.41/SF
EGI
$42.0K $33.59/SF
− OpEx
−$18.9K −$15.11/SF
NOI
$23.1K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,840
Cap Rate 7%
$329,886
Cap Rate 9%
$256,578
Alternative Uses
Best Use
Multifamily LT 5
$358.1K
$313.4K – $417.8K
NOI $25,069 @ 7.0% cap · market cap 835.63%
Second Best
Apartment 5plus
$329.9K
$288.7K – $384.9K
NOI $23,092 @ 7.0% cap · market cap 769.73%
Theoretical Best
Specialty Retail
$843.8K
$738.3K – $984.4K
NOI $59,063 @ 7.0% cap · market cap 1,968.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,320
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 - Updated interiors include renovated kitchens and bathrooms, new flooring, and an in-unit washer and dryer.
Where is this duplex located?
The property is located at 3348 NW 35th St Unit 3348 Miami, FL.
What are key features of this property?
This property features: Duplex with 1,250 square feet; Four parking spaces; Remodeled kitchens and bathrooms with new flooring
