Corner Lot Duplex With Two
For Sale
$995,000
800 NW 29th Ter, Miami, FL 33127
MULTI_FAMILY - Miami, FL
Property Size1,814 SF
Lot Size0.20 Acres
Price / SF$548.51
Days on Market37
Property Features for 800 NW 29th Ter
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5
Parking
4
Patio and Porch features
Patio
Exterior features
Fence, Fruit Trees, Patio
Fencing
Fenced
Subdivision
BLVD PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-26-009-0120
Size
1,814 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
26 53 41 BLVD PARK PB 7-55 LOT 11 LESS N120FT & LOT 12 BLK 1 LOT SIZE 8850 SQ FT OR 19347-4156 11 2000 4
Tax Annual Amount
10000
Legal Description
26 53 41 BLVD PARK PB 7-55 LOT 11 LESS N120FT & LOT 12 BLK 1 LOT SIZE 8850 SQ FT OR 19347-4156 11 2000 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Flooring type
Tile - Ceramic, Laminate
Building materials
Brick
Roof type
Shingle
Listing Agency:
Related General Realty, LLC.
(305) 932-6365
Listed By:
Moises Btesh · License #3500774
(305) 962-2393
Added: Jul 18
Changed: Aug 14
Last Checked: Aug 23 at 11:06AM
MLS# A11979891
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.
Investment Insights
Based on property information with market context.
This duplex on a corner lot features two units with individual utility meters. The building is constructed with brick and has tile and laminate flooring, electric heating with central HVAC, and central air. The home includes a patio, fenced exterior, and fruit trees. Public water and public sewer are available, and cable is available. A shingle roof supports the property, built in 1979, with interior rooms listed as six bedrooms and three bathrooms.
The property is located in Miami, FL, with walking-distance access described to Midtown, local art galleries, shopping, and popular eateries, and minutes to UM, Jackson Hospital, Downtown Miami, and the Design District. The duplex is zoned for multi family, which may be a consideration for future development, and the property is described as potentially suitable for an Airbnb or multi family rental.
Proof of funds must be presented with all offers.
The property is located in Miami, FL, with walking-distance access described to Midtown, local art galleries, shopping, and popular eateries, and minutes to UM, Jackson Hospital, Downtown Miami, and the Design District. The duplex is zoned for multi family, which may be a consideration for future development, and the property is described as potentially suitable for an Airbnb or multi family rental.
Proof of funds must be presented with all offers.
Key Highlights
- Zoned for multi family, with corner‑lot duplex layout
- Corner lot totals 8,850 SF for maximum building potential
- Two units with individual utility meters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,381
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,112
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a corner lot with two units, individual utility meters, and zoning for multi family use 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: Zoned for multi family, with corner‑lot duplex layout; Corner lot totals 8,850 SF for maximum building potential; Two units with individual utility meters
