Residential Income Duplex with Remodeled
3969 SW 2nd St Miami, FL 33134
New
For Sale
$799,999
MULTI_FAMILY - Miami, FL
Property Size2,700 SF
Lot Size0.23 Acres
Price / SF$296.30
Days on Market4
Property Features for 3969 SW 2nd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Rooms
Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 4
Parking
6
Exterior features
Room For Pool
Standard status
Active
APN
01-41-05-036-0090
Size
2,700 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SICKLES GROVE PB 15-6 LOT 4 & W1/2 OF LOT 5 BLK 2 LOT SIZE 69.000 X 140 OR 12794-1690 0286 5
Tax Annual Amount
6444
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Delphi Investment Realty
(786) 388-0110
Listed By:
Annia Garcia · License #0700597
(305) 345-6091
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 30 at 7:06AM
MLS# A12058734
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.
Investment Insights
Based on property information with market context.
This duplex features solid CBS construction and includes a newer roof installed in 2021. The property also has approximately 3-year-old A/C units and windows, and some plumbing has been redone. The back unit is completely remodeled, while the front unit requires repairs and remodeling, offering an opportunity to finish improvements for a cohesive rental-ready layout.
The property is located in Miami, Florida, near major highways and close to shopping, dining, schools, parks, and just minutes from Coral Gables, Downtown Miami, and Miami International Airport. The listing also states the property is not in a flood zone.
According to the seller, the income potential is $7,500 per month. “NO WHOLESALER OFFERS” is noted in the remarks, and the price is firm.
The property is located in Miami, Florida, near major highways and close to shopping, dining, schools, parks, and just minutes from Coral Gables, Downtown Miami, and Miami International Airport. The listing also states the property is not in a flood zone.
According to the seller, the income potential is $7,500 per month. “NO WHOLESALER OFFERS” is noted in the remarks, and the price is firm.
Key Highlights
- Almost 3,000 sq ft home on an almost 10,000 sq ft lot with room for a pool
- Solid block (CBS) construction with shingle roof; built in 1951
- New 2021 roof plus central HVAC with central air
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with solid CBS construction and a fully remodeled back unit; front unit needs repairs and remodeling.
Where is this duplex located?
The property is located at 3969 SW 2nd St 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: Almost 3,000 sq ft home on an almost 10,000 sq ft lot with room for a pool; Solid block (CBS) construction with shingle roof; built in 1951; New 2021 roof plus central HVAC with central air
