Duplex with Efficiency
For Sale
$799,999
3404 SW 14th St, Miami, FL 33145
Front and rear residences offer distinct bedroom and bathroom configurations, with new appliances in the rear unit.
Property Size2,475 SF
Price / SF$323.23
Days on Market11
Property Features for 3404 SW 14th St
General Information
Standard status
Active
Size
2,475 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,241
Building Details
Building Size
2,475 SF
Year Built
1939
Listing Agency:
The Suero Group
Listed By:
Jose Gomez · License #3474864
Source:
Batrare
Added: Oct 3
Changed: Oct 7
Last Checked: Oct 13 at 12:14AM
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 Suero Group
Investment Insights
Based on property information with market context.
Built in 1939, this renovated duplex includes a front 1/1 unit, a rear 3/2 unit, and an efficiency. The rear residence has new appliances.
The property is in Alameda-West Flagler, with Coral Gables, Brickell, and Miami International Airport minutes away. Shops, dining, and transit along Calle Ocho are within walking distance.
The property is in Alameda-West Flagler, with Coral Gables, Brickell, and Miami International Airport minutes away. Shops, dining, and transit along Calle Ocho are within walking distance.
Key Highlights
- Renovated duplex with a front 1/1 and rear 3/2 unit
- Includes an efficiency
- New appliances in the rear unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,637
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,740
$992.7K
Cap Rate 7%
$709,100
$709.1K
Cap Rate 9%
$551,522
$551.5K
Market Conditions
NOI Build-Up for 2,475 SF
Gross rent
$75.7K $30.60/SF
− Vacancy
−$4.8K −$1.95/SF
EGI
$70.9K $28.65/SF
− OpEx
−$21.3K −$8.60/SF
NOI
$49.6K $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%
$992,740
Cap Rate 7%
$709,100
Cap Rate 9%
$551,522
Alternative Uses
Best Use
Multifamily LT 5
$709.1K
$620.5K – $827.3K
NOI $49,637 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$653.2K
$571.5K – $762.0K
NOI $45,722 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,945 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
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 - Front and rear residences offer distinct bedroom and bathroom configurations, with new appliances in the rear unit.
Where is this duplex located?
The property is located at 3404 SW 14th St Miami, FL.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Renovated duplex with a front 1/1 and rear 3/2 unit; Includes an efficiency; New appliances in the rear unit
