Corner Lot Duplex with Multi-Family
800 NW 29th Ter Miami, FL 33127
For Sale
Contact for pricing
Duplex on a corner lot with two units, individual utility meters, and multi-family zoning consideration.
Property Size1,926 SF
Price / SF$571.13
Days on Market137
Property Features for 800 NW 29th Ter
General Information
- Standard status
- Active
- Size
- 1,926 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1979
Listing Agency:
Keller Williams Elite Properties
(305) 962-2393
Listed By:
Moises Btesh · License #3500774
Source:
Crexi
Added: Mar 10
Changed: Jul 23
Last Checked: Jul 23 at 12:10PM
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 Keller Williams Elite Properties
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 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 | $58.9k | $30.60 |
| − Vacancy | −$3.8k | −$1.95 |
| EGI | $55.2k | $28.65 |
| − OpEx | −$16.6k | −$8.60 |
| NOI | $38.6k | $20.06 |
1,926 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$551.8K
$482.8K – $643.8K
NOI $38,627 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$508.3K
$444.8K – $593.0K
NOI $35,580 @ 7.0% cap · market cap 3.23%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,004 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 $1,100,000.
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
