Modernized Duplex with Updated
For Sale
$995,000
3389 Northwest 14th Avenue, Miami, FL 33142
Two move-in-ready units support rental income, short-term rental, or multigenerational living.
Property Size2,241 SF
Price / SF$443
Days on Market172
Property Features for 3389 Northwest 14th Avenue
General Information
Standard status
Active
Size
2,241 SF
Property subtype
Multi-Family Income / Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,591
Building Details
Year Built
2025
Listing Agency:
Serhant
(646) 480-7665
Listed By:
Adrian Cortez · License #3350149
(646) 480-7665
Source:
Compass
Added: Mar 13
Changed: Aug 31
Last Checked: Aug 31 at 1:55AM
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 Serhant
Investment Insights
Based on property information with market context.
This 2,241-square-foot duplex, built in 2025, combines two updated residential units with features designed for contemporary occupancy. Improvements include a new roof, impact-resistant windows and doors, Porcelanosa kitchens with smart stainless-steel appliances, designer bathrooms, updated mechanical, electrical, and plumbing systems, and central air controlled by Google Nest. The rear unit also has mini-split systems, while new stucco and an automated aluminum gate complete the property upgrades.
Located at 3389 Northwest 14th Avenue in Miami, the property is minutes from Midtown and the Design District. Both units are move-in ready and can support rental income, Airbnb use, or multigenerational living, providing flexibility for an owner-occupant or investor.
Located at 3389 Northwest 14th Avenue in Miami, the property is minutes from Midtown and the Design District. Both units are move-in ready and can support rental income, Airbnb use, or multigenerational living, providing flexibility for an owner-occupant or investor.
Key Highlights
- 2,241‑square‑foot duplex built in 2025
- New roof plus impact windows and doors
- Porcelanosa kitchens with smart stainless‑steel appliances
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
$44,944
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
4.52%
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%
$898,880
$898.9K
Cap Rate 7%
$642,057
$642.1K
Cap Rate 9%
$499,378
$499.4K
Market Conditions
NOI Build-Up for 2,241 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
$68.6K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$64.2K $28.65/SF
− OpEx
−$19.3K −$8.60/SF
NOI
$44.9K $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%
$898,880
Cap Rate 7%
$642,057
Cap Rate 9%
$499,378
Alternative Uses
Best Use
Multifamily LT 5
$642.1K
$561.8K – $749.1K
NOI $44,944 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$591.4K
$517.5K – $690.0K
NOI $41,399 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,888 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
520
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
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 - Two move-in-ready units support rental income, short-term rental, or multigenerational living.
Where is this duplex located?
The property is located at 3389 Northwest 14th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,241‑square‑foot duplex built in 2025; New roof plus impact windows and doors; Porcelanosa kitchens with smart stainless‑steel appliances
