Income-Producing Duplex in Active
For Sale
$845,000
621 SW 33RD AVENUE, Miami, FL 33135
Move-in ready duplex with immediate returns and appreciation potential.
Property Size1,683 SF
Price / SF$502.08
Days on Market404
Property Features for 621 SW 33RD AVENUE
General Information
Standard status
Active
Size
1,683 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,340
Building Details
Building Size
1,683 SF
Year Built
1957
Listing Agency:
Luxe Properties
Listed By:
Karen Casanueva · License #3598403
(786) 365-1116
Source:
Casacollectiongroup
Added: Sep 5, 2025
Changed: Oct 11
Last Checked: Oct 11 at 12:52PM
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
Investment Insights
Based on property information with market context.
This is a move-in ready, income-producing duplex located in an active market. One unit is already leased. The property offers strong walkability and modern appeal. It offers immediate returns and long-term appreciation potential.
Key Highlights
- Move‑in ready, income‑producing duplex.
- One unit is already leased, providing immediate income.
- Strong walkability to nearby amenities.
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
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Current Use
Location Intelligence
Trade Area within ½ mile
3,660
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Move-in ready duplex with immediate returns and appreciation potential.
Where is this duplex located?
The property is located at 621 SW 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: Move‑in ready, income‑producing duplex.; One unit is already leased, providing immediate income.; Strong walkability to nearby amenities.
