Renovation Duplex with Four
745 Northwest 32nd Avenue Miami, FL 33125
For Sale
$595,000
Legal duplex on an oversized lot currently operating as a four-plex, sold as-is and requiring complete renovation.
Property Size2,187 SF
Price / SF$272.06
Days on Market41
Property Features for 745 Northwest 32nd Avenue
General Information
- Standard status
- Active
- Size
- 2,187 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1950
Listing Agency:
Real Estate Empire Group, Inc.
(305) 592-1588
Listed By:
Francisco De Ona · License #3323367
(305) 592-1588
Source:
Compass
Added: Jun 13
Changed: Jul 22
Last Checked: Jul 23 at 10:21AM
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 Real Estate Empire Group, Inc.
Investment Insights
Based on property information with market context.
This property is a legal duplex situated on an oversized lot and is currently operating as a four-plex. The offering is an investor-focused sale, with the home requiring a complete renovation and being sold strictly as-is.
The transaction is for sale and the seller notes that a buyer should verify zoning, legal use, and any redevelopment potential prior to closing. The buyer also has been advised that cash or renovation financing may be preferable for this type of value-add condition.
Because the property’s current operating configuration may differ from its stated legal duplex status, prospective purchasers should complete their own due diligence regarding compliance and allowable uses before making an investment decision.
The transaction is for sale and the seller notes that a buyer should verify zoning, legal use, and any redevelopment potential prior to closing. The buyer also has been advised that cash or renovation financing may be preferable for this type of value-add condition.
Because the property’s current operating configuration may differ from its stated legal duplex status, prospective purchasers should complete their own due diligence regarding compliance and allowable uses before making an investment decision.
Key Highlights
- 1950‑built legal duplex on an oversized lot
- Currently operating as a four‑plex for additional income potential
- Sold as‑is and requires a complete renovation
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 | $66.9k | $30.60 |
| − Vacancy | −$4.3k | −$1.95 |
| EGI | $62.7k | $28.65 |
| − OpEx | −$18.8k | −$8.60 |
| NOI | $43.9k | $20.06 |
2,187 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$626.6K
$548.3K – $731.0K
NOI $43,861 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$577.2K
$505.0K – $673.4K
NOI $40,401 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,337 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Legal duplex on an oversized lot currently operating as a four-plex, sold as-is and requiring complete renovation.
Where is this quadplex located?
The property is located at 745 Northwest 32nd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1950‑built legal duplex on an oversized lot; Currently operating as a four‑plex for additional income potential; Sold as‑is and requires a complete renovation
