Duplex with Remodeled
For Sale
$1,200,000
4224 SW 60th Pl, South Miami, FL 33155
Residential Income, South Miami, FL
Property Size2,458 SF
Price / SF$488.20
Days on Market25
Property Features for 4224 SW 60th Pl
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
0100
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4
Parking
6
Subdivision
ALTA TERRA
Lot features
< 1/4 Acre
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
09-40-24-029-0100
Size
2,458 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ALTA TERRA PB 19-67 LOT 4 BLK 4 LOT SIZE 50.000 X 140 73R 237560
Tax Annual Amount
11025
Legal Description
ALTA TERRA PB 19-67 LOT 4 BLK 4 LOT SIZE 50.000 X 140 73R 237560
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Building Details
Year built
1925
Floors in Building
2
Flooring type
Laminate, Tile
Building materials
Block
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Sofia Giraldo · License #3325693
(786) 231-4808
Added: Sep 20
Changed: Oct 13
Last Checked: Oct 14 at 4:06AM
MLS# A12090321
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 contains 2,458 square feet and combines a primary residence with an upstairs apartment. The main residence includes three bathrooms, a remodeled kitchen, living areas, and a utility room. The upper apartment has a remodeled kitchen and bathroom. Interior finishes include laminate and tile flooring, while cooling is provided through central air and window or wall units.
Built in 1925 with block construction, the property has public sewer service and cable availability. It is located near Coral Gables and Nicklaus Children's Hospital in South Miami. The property is offered in its current condition, and any future development or use remains subject to applicable zoning regulations and governmental approvals.
Built in 1925 with block construction, the property has public sewer service and cable availability. It is located near Coral Gables and Nicklaus Children's Hospital in South Miami. The property is offered in its current condition, and any future development or use remains subject to applicable zoning regulations and governmental approvals.
Key Highlights
- 2,458‑square‑foot duplex built in 1925
- Main residence with remodeled kitchen, three bathrooms, living areas, and utility room
- Upstairs apartment with remodeled kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,974
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,480
$819.5K
Cap Rate 7%
$585,343
$585.3K
Cap Rate 9%
$455,267
$455.3K
Market Conditions
NOI Build-Up for 2,458 SF
Gross rent
$61.9K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$58.5K $23.81/SF
− OpEx
−$17.6K −$7.14/SF
NOI
$41.0K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,480
Cap Rate 7%
$585,343
Cap Rate 9%
$455,267
Alternative Uses
Best Use
Multifamily LT 5
$585.3K
$512.2K – $682.9K
NOI $40,974 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$540.0K
$472.5K – $630.0K
NOI $37,802 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,293 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with a main residence and an upstairs apartment, offering separate living configurations.
Where is this duplex located?
The property is located at 4224 SW 60th Pl South Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,458‑square‑foot duplex built in 1925; Main residence with remodeled kitchen, three bathrooms, living areas, and utility room; Upstairs apartment with remodeled kitchen and bathroom
