Corner Duplex with Separate Back
For Sale
$850,000
335 NE 114th St, Miami, FL 33161
Corner duplex featuring two separate units with individual back yards on a large lot.
Days on Market88
Property Features for 335 NE 114th St
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,881 SF
Year Built
1960
Listing Agency:
The Real Estate Lab, Inc.
(305) 804-4848
Listed By:
Gil Terem · License #0690805
Source:
Miamibrokersgroup
Added: May 6
Changed: Jul 30
Last Checked: Jul 31 at 11:27AM
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 The Real Estate Lab, Inc.
Investment Insights
Based on property information with market context.
This corner duplex offers spacious living with a total of 6 bedrooms and 4 bathrooms. The property consists of two 3/2 units, arranged on a large corner lot with each unit having its own back yard.
Located at the intersection of NE 114th St and NE 4th Ave, the property is positioned just minutes away from Biscayne Park, Miami Shores, and Barry University.
Built in 1960, this layout is well suited for tenants seeking private outdoor space with separate back yards for each unit. The large corner-lot setting also provides room for additional outdoor features such as a pool.
Located at the intersection of NE 114th St and NE 4th Ave, the property is positioned just minutes away from Biscayne Park, Miami Shores, and Barry University.
Built in 1960, this layout is well suited for tenants seeking private outdoor space with separate back yards for each unit. The large corner-lot setting also provides room for additional outdoor features such as a pool.
Key Highlights
- Two 3/2 units make up the duplex on the corner lot
- 6‑bedroom, 4‑bath total configuration
- Each unit has its own back yard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $30.60 |
| − Vacancy | −$3.7k | −$1.95 |
| EGI | $53.9k | $28.65 |
| − OpEx | −$16.2k | −$8.60 |
| NOI | $37.7k | $20.06 |
1,881 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$538.9K
$471.6K – $628.7K
NOI $37,724 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$496.4K
$434.4K – $579.1K
NOI $34,748 @ 7.0% cap · market cap 4.09%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,878 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
714
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner duplex featuring two separate units with individual back yards on a large lot.
Where is this duplex located?
The property is located at 335 NE 114th St Miami, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two 3/2 units make up the duplex on the corner lot; 6‑bedroom, 4‑bath total configuration; Each unit has its own back yard
