Corner Lot Duplex with Multi-Family
For Sale
$995,000
800 NW 29th Ter, Miami, FL 33127
Duplex on a corner lot with two units, individual utility meters, and multi-family zoning consideration.
Property Size1,814 SF
Price / SF$548.51
Days on Market230
Property Features for 800 NW 29th Ter
General Information
Standard status
Active
Size
1,814 SF
Property subtype
Duplex
Site & Location
Neighborhood
Santa Clara
Taxes and HOA fees
Annual Taxes
$10,000
Building Details
Building Size
1,814 SF
Year Built
1979
Listing Agency:
Related General Realty, LLC.
Listed By:
Moises Btesh · License #3500774
(305) 962-2393
Source:
Casacollectiongroup
Added: Mar 10
Changed: Oct 13
Last Checked: Oct 25 at 1:14AM
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 Related General Realty, LLC.
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Investment Insights
Based on property information with market context.
This duplex property in Miami, FL offers two separate units with individual utility meters. The site sits on a corner lot with approximately 8,850 square feet, creating additional flexibility for future use consistent with the property’s multi-family zoning consideration.
The listing describes a centrally located setting with walkable access to nearby Midtown areas, local art galleries, shopping, and popular eateries. It also notes proximity to major destinations including UM, Jackson Hospital, Downtown Miami, and the Design District.
The property is presented as a potential fit for a multi-family rental arrangement and may also be considered for Airbnb use. Proof of funds is required with all offers.
The listing describes a centrally located setting with walkable access to nearby Midtown areas, local art galleries, shopping, and popular eateries. It also notes proximity to major destinations including UM, Jackson Hospital, Downtown Miami, and the Design District.
The property is presented as a potential fit for a multi-family rental arrangement and may also be considered for Airbnb use. Proof of funds is required with all offers.
Key Highlights
- Duplex built in 1979 with two units on a corner lot
- 8850 SF corner lot with multi‑family zoning consideration for potential development
- Each unit has individual utility meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,381
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,620
$727.6K
Cap Rate 7%
$519,729
$519.7K
Cap Rate 9%
$404,233
$404.2K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$55.5K $30.60/SF
− Vacancy
−$3.5K −$1.95/SF
EGI
$52.0K $28.65/SF
− OpEx
−$15.6K −$8.60/SF
NOI
$36.4K $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%
$727,620
Cap Rate 7%
$519,729
Cap Rate 9%
$404,233
Alternative Uses
Best Use
Multifamily LT 5
$519.7K
$454.8K – $606.4K
NOI $36,381 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$478.7K
$418.9K – $558.5K
NOI $33,511 @ 7.0% cap · market cap 3.37%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,712 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,112
Businesses Nearby
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a corner lot with two units, individual utility meters, and multi-family zoning consideration.
Where is this duplex located?
The property is located at 800 NW 29th Ter Miami, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Duplex built in 1979 with two units on a corner lot; 8850 SF corner lot with multi‑family zoning consideration for potential development; Each unit has individual utility meters
