Remodeled Multifamily
For Sale
$1,200,000
821 SW 29th Ct, Miami, FL 33135
Updated apartments offer private patios, on-site laundry, and dedicated parking spaces.
Property Size1,970 SF
Days on Market49
Property Features for 821 SW 29th Ct
General Information
Standard status
Active
Size
1,970 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$10,203
Building Details
Building Size
1,970 SF
Year Built
1945
Listing Agency:
Binter Real Estate
Listed By:
Maria Marianeschi · License #3362667
(305) 733-8184
Source:
Luxeknows
Added: Sep 3
Changed: Oct 19
Last Checked: Oct 21 at 6:55AM
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 Binter Real Estate
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Investment Insights
Based on property information with market context.
Built in 1945, this multifamily property includes remodeled apartment units with updated interiors. Some units feature enclosed private patios, while on-site washer and dryer facilities and dedicated parking spaces add practical resident amenities. The property is exempt from 40/50 Year rectification requirements.
Located at 821 SW 29th Ct in Miami, the property sits in Little Havana, approximately half a block from Calle 8. Walk Score is 67, Transit Score is 52, and Bike Score is 48, reflecting access to walking, transit, and biking options in the surrounding area.
Located at 821 SW 29th Ct in Miami, the property sits in Little Havana, approximately half a block from Calle 8. Walk Score is 67, Transit Score is 52, and Bike Score is 48, reflecting access to walking, transit, and biking options in the surrounding area.
Key Highlights
- Remodeled apartment interiors
- Enclosed private patios in some units
- On‑site washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,393
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,860
$727.9K
Cap Rate 7%
$519,900
$519.9K
Cap Rate 9%
$404,367
$404.4K
Market Conditions
NOI Build-Up for 1,970 SF
Gross rent
$70.9K $36.00/SF
− Vacancy
−$4.8K −$2.41/SF
EGI
$66.2K $33.59/SF
− OpEx
−$29.8K −$15.11/SF
NOI
$36.4K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,860
Cap Rate 7%
$519,900
Cap Rate 9%
$404,367
Alternative Uses
Best Use
Apartment 5plus
$519.9K
$454.9K – $606.6K
NOI $36,393 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,083 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,159
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated apartments offer private patios, on-site laundry, and dedicated parking spaces.
Where is this multifamily property located?
The property is located at 821 SW 29th Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Remodeled apartment interiors; Enclosed private patios in some units; On‑site washer and dryer
