Renovation-Ready
6936 NW 3rd Ave, Miami, FL 33150
For Sale
$395,000
Under Contract
Residential Income, Miami, FL
Property Size1,225 SF
Lot Size0.14 Acres
Price / SF$322.45
Days on Market57
Property Features for 6936 NW 3rd Ave
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Charles Rutenberg Realty FTL
(954) 396-3001
Listed By:
Christopher Ladas · License FL #3462353
(847) 707-9574
Added: Sep 15
Changed: Nov 10
Last Checked: Nov 10 at 9:06PM
MLS# A12088477
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,225 square feet with two bedrooms and two bathrooms. Built in 1959, the structure features block construction, terrazzo flooring, a shingle roof, and public sewer service. The property is offered in as-is condition and requires complete renovation. The 6,250-square-foot lot includes on-site parking and may support reconfiguration or expansion of the existing improvements, subject to zoning, permitting, and required approvals.
The property is located at 6936 NW 3rd Ave in Miami, near Little Haiti, Little River, the Miami Design District, and surrounding neighborhoods. Access to I-95 and other major transportation corridors provides connectivity to downtown Miami and nearby areas. The site’s existing duplex configuration and lot size offer flexibility for a renovation or approved future improvements.
The property is located at 6936 NW 3rd Ave in Miami, near Little Haiti, Little River, the Miami Design District, and surrounding neighborhoods. Access to I-95 and other major transportation corridors provides connectivity to downtown Miami and nearby areas. The site’s existing duplex configuration and lot size offer flexibility for a renovation or approved future improvements.
Key Highlights
- 6,250‑square‑foot lot with an existing duplex
- 1,225 square feet of building area
- Two bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,568
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,360
$491.4K
Cap Rate 7%
$350,971
$351.0K
Cap Rate 9%
$272,978
$273.0K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$37.5K $30.60/SF
− Vacancy
−$2.4K −$1.95/SF
EGI
$35.1K $28.65/SF
− OpEx
−$10.5K −$8.60/SF
NOI
$24.6K $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%
$491,360
Cap Rate 7%
$350,971
Cap Rate 9%
$272,978
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.1K – $409.5K
NOI $24,568 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$323.3K
$282.9K – $377.2K
NOI $22,630 @ 7.0% cap · market cap 5.73%
Theoretical Best
Specialty Retail
$826.9K
$723.5K – $964.7K
NOI $57,882 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom duplex on a sizable parcel with on-site parking and public sewer service.
Where is this duplex located?
The property is located at 6936 NW 3rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 6,250‑square‑foot lot with an existing duplex; 1,225 square feet of building area; Two bedrooms and two bathrooms
