Two-Unit Duplex Income
For Sale
Contact for pricing
3410 SW 89th Ct, Miami, FL 33165
Duplex with two units, each featuring 2 bedrooms and 1 bathroom, offered for sale as an income property.
Property Size1,860 SF
Price / SF$454.03
Days on Market157
Property Features for 3410 SW 89th Ct
General Information
Standard status
Active
Size
1,860 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
5700
Building Details
Year Built
1967
Listing Agency:
CENTURY 21 Continental Realty
Listed By:
SONIA BARRERA · License #3083506
(305) 305-9471
Source:
Crexi
Added: May 22
Changed: Oct 10
Last Checked: Oct 24 at 3:52PM
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 CENTURY 21 Continental Realty
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Investment Insights
Based on property information with market context.
This duplex is configured with two separate units, identified as 3410 and 3412. Each unit offers 2 bedrooms and 1 bathroom, making the property well-suited for rental income.
The property is located at 3410 Southwest 89th Court in Miami, Florida 33165.
Offered for sale, it provides a two-unit residential income setup for investors or an owner-occupant seeking rental revenue from the additional unit.
The property is located at 3410 Southwest 89th Court in Miami, Florida 33165.
Offered for sale, it provides a two-unit residential income setup for investors or an owner-occupant seeking rental revenue from the additional unit.
Key Highlights
- Duplex built in 1967 with two units offered for sale as an income property
- Unit 3410 features 2 bedrooms and 1 bathroom
- Unit 3412 features 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,303
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,060
$746.1K
Cap Rate 7%
$532,900
$532.9K
Cap Rate 9%
$414,478
$414.5K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$56.9K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$53.3K $28.65/SF
− OpEx
−$16.0K −$8.60/SF
NOI
$37.3K $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%
$746,060
Cap Rate 7%
$532,900
Cap Rate 9%
$414,478
Alternative Uses
Best Use
Multifamily LT 5
$532.9K
$466.3K – $621.7K
NOI $37,303 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$490.9K
$429.5K – $572.7K
NOI $34,361 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.46M
NOI $87,886 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,711
Businesses Nearby
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Business Placement
Demographics for 33165, FL
54,070
Population
17,813
Households
3
Avg Household Size
47
Median Age
28%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
7,209
Density / Sq Mi
$84,086
Median Household Income
$41,657
Median Earnings
$1,796
Median Rent
$476,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two units, each featuring 2 bedrooms and 1 bathroom, offered for sale as an income property.
Where is this duplex located?
The property is located at 3410 SW 89th Ct Miami, FL.
What is the asking price?
The asking price for this property is $844,500.
What are key features of this property?
This property features: Duplex built in 1967 with two units offered for sale as an income property; Unit 3410 features 2 bedrooms and 1 bathroom; Unit 3412 features 2 bedrooms and 1 bathroom
