Corner-Lot
3411 SW 29th St, Miami, FL 33133
For Sale
New
$1,100,000
Both residences feature three bedrooms, two full baths, and a guest half bath.
Property Size2,597 SF
Lot Size0.17 Acres
Price / SF$423.57
Days on Market6
Property Features for 3411 SW 29th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Emporium Investments, LLC.
Listed By:
Karina Fernandez · License FL #3350372
Source:
Allyandaj
Added: Nov 9
Changed: Nov 13
Last Checked: Nov 12 at 2:27PM
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 Emporium Investments, LLC.
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Investment Insights
Based on property information with market context.
This duplex contains two three-bedroom residences, each with two full bathrooms and a half bath. A full renovation completed two years ago included updated kitchens, bathrooms, air-conditioning systems, and a roof. The property occupies a corner lot in Miami, with Coral Gables and Coconut Grove nearby.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Full renovation completed two years ago
- Updates include kitchens, bathrooms, air‑conditioning systems, and a roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,084
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,041,680
$1.0M
Cap Rate 7%
$744,057
$744.1K
Cap Rate 9%
$578,711
$578.7K
Market Conditions
NOI Build-Up for 2,597 SF
Gross rent
$79.5K $30.60/SF
− Vacancy
−$5.1K −$1.95/SF
EGI
$74.4K $28.65/SF
− OpEx
−$22.3K −$8.60/SF
NOI
$52.1K $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%
$1,041,680
Cap Rate 7%
$744,057
Cap Rate 9%
$578,711
Alternative Uses
Best Use
Multifamily LT 5
$744.1K
$651.1K – $868.1K
NOI $52,084 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$685.4K
$599.7K – $799.6K
NOI $47,975 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$1.75M
$1.53M – $2.05M
NOI $122,709 @ 7.0% cap · market cap 11.16%
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
3,873
Businesses Nearby
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Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature three bedrooms, two full baths, and a guest half bath.
Where is this duplex located?
The property is located at 3411 SW 29th St Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; Full renovation completed two years ago; Updates include kitchens, bathrooms, air‑conditioning systems, and a roof
