Two-Unit Duplex with Impact
For Sale
$1,399,000
3471 Plaza St, Miami, FL 33133
Residential Income, Miami, FL
Property Size2,138 SF
Price / SF$654.35
Days on Market53
Property Features for 3471 Plaza St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3
Parking
2
Subdivision
FROW HOMESTEAD
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-21-007-5510
Size
2,138 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
FROW HOMESTEAD PB B-106 LOT 9 BLK 31 OR 13103-1640 1186 5
Tax Annual Amount
9518
Legal Description
FROW HOMESTEAD PB B-106 LOT 9 BLK 31 OR 13103-1640 1186 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1987
Floors in Building
1
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Shingle
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Jason Smith · License #0688165
(786) 326-8115
Added: Sep 3
Changed: Oct 23
Last Checked: Oct 25 at 12:06AM
MLS# A12082353
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,138-square-foot duplex, built in 1987, contains two residences with three bedrooms and two bathrooms apiece. The building has a new shingle roof, impact windows, fresh paint, tile flooring, central heating and central air. T3-O zoning permits a single-family home or continued use as two residential units. Public sewer serves the property.
The property is in Coconut Grove, within walking distance of bayfront parks, marinas, the historic village, CocoWalk, shops, restaurants and entertainment. The property information also identifies the site as outside the flood zone.
The property is in Coconut Grove, within walking distance of bayfront parks, marinas, the historic village, CocoWalk, shops, restaurants and entertainment. The property information also identifies the site as outside the flood zone.
Key Highlights
- Two residential units, each with 3 bedrooms and 2 bathrooms
- 2,138 square feet; built in 1987
- T3‑O zoning permits a single‑family home or two residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,879
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,580
$857.6K
Cap Rate 7%
$612,557
$612.6K
Cap Rate 9%
$476,433
$476.4K
Market Conditions
NOI Build-Up for 2,138 SF
Gross rent
$65.4K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.3K $28.65/SF
− OpEx
−$18.4K −$8.60/SF
NOI
$42.9K $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%
$857,580
Cap Rate 7%
$612,557
Cap Rate 9%
$476,433
Alternative Uses
Best Use
Multifamily LT 5
$612.6K
$536.0K – $714.7K
NOI $42,879 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$564.2K
$493.7K – $658.3K
NOI $39,496 @ 7.0% cap · market cap 2.82%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $101,021 @ 7.0% cap · market cap 7.22%
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
3,512
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - T3-O zoning supports continued two-unit residential use or a single-family home.
Where is this duplex located?
The property is located at 3471 Plaza St Miami, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms and 2 bathrooms; 2,138 square feet; built in 1987; T3‑O zoning permits a single‑family home or two residential units
