Separately Metered
3828 SW 29th St, Miami, FL 33134
For Sale
$899,000
Both residences include two bedrooms, one bathroom, central air conditioning, and private laundry rooms.
Property Size1,638 SF
Price / SF$548.84
Days on Market9
Property Features for 3828 SW 29th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
tile flooring
central A/C
private laundry rooms
rear porches
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Chute Real Estate LLC
Listed By:
Sama Chute · License FL #3363082
(786) 375-0028
Source:
Allyandaj
Added: Nov 1
Changed: Nov 4
Last Checked: Nov 8 at 4:31PM
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 Chute Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 1954, this 1,638-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Tile flooring runs throughout both units, which also have central air conditioning, private laundry rooms with washers and dryers, and rear porches. The building has a shingle roof and parking on site.
Water and electric service are separately metered for each residence. Shopping, dining, major roadways, and everyday services are nearby.
Water and electric service are separately metered for each residence. Shopping, dining, major roadways, and everyday services are nearby.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,638 square feet; built in 1954
- Separate water and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,851
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,020
$657.0K
Cap Rate 7%
$469,300
$469.3K
Cap Rate 9%
$365,011
$365.0K
Market Conditions
NOI Build-Up for 1,638 SF
Gross rent
$50.1K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$46.9K $28.65/SF
− OpEx
−$14.1K −$8.60/SF
NOI
$32.9K $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%
$657,020
Cap Rate 7%
$469,300
Cap Rate 9%
$365,011
Alternative Uses
Best Use
Multifamily LT 5
$469.3K
$410.6K – $547.5K
NOI $32,851 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$432.3K
$378.2K – $504.3K
NOI $30,259 @ 7.0% cap · market cap 3.37%
Theoretical Best
Specialty Retail
$1.11M
$967.5K – $1.29M
NOI $77,396 @ 7.0% cap · market cap 8.61%
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
2,765
Businesses Nearby
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Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
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Market
Average Price Trend$/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 include two bedrooms, one bathroom, central air conditioning, and private laundry rooms.
Where is this duplex located?
The property is located at 3828 SW 29th St Miami, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,638 square feet; built in 1954; Separate water and electric meters for each unit
