Duplex with Separate
New
For Sale
$799,900
3413 NW 6th Ave, Miami, FL 33127
Two distinct residences offer private patios, and the studio has its own kitchen and full bathroom.
Property Size1,419 SF
Lot Size0.07 Acres
Price / SF$563.71
Days on Market7
Property Features for 3413 NW 6th Ave
General Information
Standard status
Active
Size
1,419 SF
Lot size
0.07 Acres
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
Both units require renovations
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x studio
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,360
Building Details
Building Size
1,419 SF
Year Built
1948
Listing Agency:
Julies Realty, LLC
Listed By:
Yuliya Sidorevskaya · License #3015768
(305) 340-1857
Source:
Allyandaj
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 11:02PM
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 Julies Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,419-square-foot duplex, built in 1948, contains a three-bedroom, two-bathroom residence and a separate studio with a kitchen and full bathroom. Each unit has a private patio. The property occupies a 3,145-square-foot lot, is currently used as a duplex, and is being sold as-is. Both residences need renovation.
The property is in Miami, with access to major highways and public transportation. Wynwood, the Miami Design District, Midtown, and Downtown Miami are described as a short drive away.
The property is in Miami, with access to major highways and public transportation. Wynwood, the Miami Design District, Midtown, and Downtown Miami are described as a short drive away.
Key Highlights
- 1,419‑square‑foot duplex on a 3,145‑square‑foot lot
- Front residence has 3 bedrooms and 2 bathrooms
- Separate studio includes a kitchen and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,459
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,180
$569.2K
Cap Rate 7%
$406,557
$406.6K
Cap Rate 9%
$316,211
$316.2K
Market Conditions
NOI Build-Up for 1,419 SF
Gross rent
$43.4K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$40.7K $28.65/SF
− OpEx
−$12.2K −$8.60/SF
NOI
$28.5K $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%
$569,180
Cap Rate 7%
$406,557
Cap Rate 9%
$316,211
Alternative Uses
Best Use
Multifamily LT 5
$406.6K
$355.7K – $474.3K
NOI $28,459 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$374.5K
$327.7K – $436.9K
NOI $26,214 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$957.8K
$838.1K – $1.12M
NOI $67,048 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,854
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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 - Two distinct residences offer private patios, and the studio has its own kitchen and full bathroom.
Where is this duplex located?
The property is located at 3413 NW 6th Ave Miami, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 1,419‑square‑foot duplex on a 3,145‑square‑foot lot; Front residence has 3 bedrooms and 2 bathrooms; Separate studio includes a kitchen and full bathroom
