New Townhome
3431-3433 Southwest 16th Terrace Miami, FL 33145
For Sale
$1,798,000
Newly constructed townhome duplex offering two 3-bedroom, 2.5-bath residences with covered terraces and impact-rated openings.
Property Size3,704 SF
Price / SF$485.42
Days on Market74
Property Features for 3431-3433 Southwest 16th Terrace
General Information
- Standard status
- Active
- Size
- 3,704 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 2024
Listing Agency:
Compass
(786) 473-2565
Listed By:
Julian Acosta · License #3135208
(786) 473-2565
Source:
Compass
Added: May 12
Changed: Jul 23
Last Checked: Jul 23 at 11:59AM
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 Compass
Investment Insights
Based on property information with market context.
Newly constructed townhome duplex at 3431 & 3433 SW 16 Ter offers two separate residences in one purchase. Each unit features 3 bedrooms and 2.5 well-appointed baths, with a flexible garage space that includes a full-size window and is designed for potential conversion into an additional bedroom, home office, or fitness studio. Interiors are highlighted by chef’s kitchens with Samsung appliances, custom European cabinetry, and waterfall quartz countertops, along with refined details including 7-ft imported Turkish interior doors, Italian-designed closets, and a wood staircase with a California-style railing. Impact-rated windows and doors provide added durability, and each residence includes a covered terrace overlooking lush landscaping.
The property is located minutes from Coral Gables and close to Brickell and Miami’s urban core, offering convenient access to major employment and dining areas.
This setup provides straightforward flexibility for an owner-occupant seeking rental income alongside a second residence, or for buyers looking to hold both homes as income-producing or long-term assets.
The property is located minutes from Coral Gables and close to Brickell and Miami’s urban core, offering convenient access to major employment and dining areas.
This setup provides straightforward flexibility for an owner-occupant seeking rental income alongside a second residence, or for buyers looking to hold both homes as income-producing or long-term assets.
Key Highlights
- Newly constructed townhome duplex at 3431 & 3433 SW 16 Ter (Miami, FL), built in 2024
- Two residences total: each unit features 3 bedrooms and 2.5 bathrooms
- Chef’s kitchens in both units with Samsung appliances, custom European cabinetry, and waterfall quartz countertops
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.3k | $30.60 |
| − Vacancy | −$7.2k | −$1.95 |
| EGI | $106.1k | $28.65 |
| − OpEx | −$31.8k | −$8.60 |
| NOI | $74.3k | $20.06 |
3,704 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$928.6K – $1.24M
NOI $74,286 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$977.5K
$855.3K – $1.14M
NOI $68,425 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $175,016 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly constructed townhome duplex offering two 3-bedroom, 2.5-bath residences with covered terraces and impact-rated openings.
Where is this duplex located?
The property is located at 3431-3433 Southwest 16th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Newly constructed townhome duplex at 3431 & 3433 SW 16 Ter (Miami, FL), built in 2024; Two residences total: each unit features 3 bedrooms and 2.5 bathrooms; Chef’s kitchens in both units with Samsung appliances, custom European cabinetry, and waterfall quartz countertops
