Two-Unit Duplex
For Sale
$845,000
Pending
621 Southwest 33rd Avenue, Miami, FL 33135
Two two-bedroom, one-bathroom residences include one unit that is currently leased.
Property Size1,683 SF
Days on Market412
Property Features for 621 Southwest 33rd Avenue
General Information
Standard status
Pending
Size
1,683 SF
Property subtype
Residential Income / Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,340
Building Details
Year Built
1957
Listing Agency:
Luxe Properties
Listed By:
Karen Casanueva · License #3598403
(305) 809-7650
Source:
Compass
Added: Sep 5, 2025
Changed: Oct 19
Last Checked: Oct 20 at 11:09PM
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 Luxe Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,683 square feet arranged as two two-bedroom, one-bathroom residences. One unit is currently leased, while the property’s two-unit configuration provides a straightforward residential income setup. Built in 1957, the asset is located at 621 Southwest 33rd Avenue in Miami, Florida 33135.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 bathroom
- 1,683 square feet of total property size
- One unit is currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,753
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,060
$675.1K
Cap Rate 7%
$482,186
$482.2K
Cap Rate 9%
$375,033
$375.0K
Market Conditions
NOI Build-Up for 1,683 SF
Gross rent
$51.5K $30.60/SF
− Vacancy
−$3.3K −$1.95/SF
EGI
$48.2K $28.65/SF
− OpEx
−$14.5K −$8.60/SF
NOI
$33.8K $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%
$675,060
Cap Rate 7%
$482,186
Cap Rate 9%
$375,033
Alternative Uses
Best Use
Multifamily LT 5
$482.2K
$421.9K – $562.6K
NOI $33,753 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$444.2K
$388.6K – $518.2K
NOI $31,091 @ 7.0% cap · market cap 3.68%
Theoretical Best
Specialty Retail
$1.14M
$994.0K – $1.33M
NOI $79,523 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom, one-bathroom residences include one unit that is currently leased.
Where is this duplex located?
The property is located at 621 Southwest 33rd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bathroom; 1,683 square feet of total property size; One unit is currently leased
