Duplex with Remodeled Rear
For Sale
$799,999
3969 SW 2nd Street, Miami, FL 33134
CBS duplex with a 2021 roof, newer air conditioning and windows, plus a remodeled rear unit.
Property Size2,700 SF
Lot Size0.23 Acres
Price / SF$296.30
Days on Market9
Property Features for 3969 SW 2nd Street
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.23 Acres
Property subtype
Duplex
Building Details
Year Built
1951
Construction
CBS
Listing Agency:
Delphi Investment Realty
(305) 345-6091
Listed By:
Annia Y Garcia · License #3176578
(305) 345-6091
Source:
Lehmannflorida
Added: Jul 23
Changed: Jul 31
Last Checked: Jul 31 at 12:25PM
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 Delphi Investment Realty
Investment Insights
Based on property information with market context.
This CBS duplex was built in 1951 and includes a remodeled rear unit. The front unit needs repairs and remodeling, while some plumbing has been redone. The property also features a 2021 roof, 3-year-old A/C, and 3-year-old windows.
Located near major highways, shopping, dining, schools, and parks, the property is minutes from Coral Gables, Downtown Miami, and Miami International Airport. It is also identified as not being in a flood zone.
Located near major highways, shopping, dining, schools, and parks, the property is minutes from Coral Gables, Downtown Miami, and Miami International Airport. It is also identified as not being in a flood zone.
Key Highlights
- Remodeled rear unit; front unit needs repairs and remodeling
- 2021 roof
- 3‑year‑old A/C and windows
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 | $82.6k | $30.60 |
| − Vacancy | −$5.3k | −$1.95 |
| EGI | $77.4k | $28.65 |
| − OpEx | −$23.2k | −$8.60 |
| NOI | $54.1k | $20.06 |
2,700 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$773.6K
$676.9K – $902.5K
NOI $54,150 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$712.5K
$623.5K – $831.3K
NOI $49,878 @ 7.0% cap · market cap 6.23%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,576 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,119
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - CBS duplex with a 2021 roof, newer air conditioning and windows, plus a remodeled rear unit.
Where is this duplex located?
The property is located at 3969 SW 2nd Street Miami, FL.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Remodeled rear unit; front unit needs repairs and remodeling; 2021 roof; 3‑year‑old A/C and windows
