New Construction
For Sale
$694,900
Pending
855-857 Southwest 1st Street, Florida City, FL 33034
Two independent residences feature separate entrances, utilities, and parking for flexible occupancy or rental use.
Property Size2,200 SF
Lot Size0.17 Acres
Days on Market219
Property Features for 855-857 Southwest 1st Street
General Information
Standard status
Pending
Size
2,200 SF
Lot size
0.17 Acres
Property subtype
Multi-Family Income / Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,000
Building Details
Year Built
2026
Listing Agency:
Olde Towne Inter'l Rlty
Listed By:
Jose Ortiz · License #0384350
(305) 819-2979
Source:
Compass
Added: Mar 13
Changed: Oct 1
Last Checked: Oct 16 at 10:45AM
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 Olde Towne Inter'l Rlty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 855-857 Southwest 1st Street in Florida City, this 2026 duplex is being built with two matching residences. Each side provides three bedrooms and two bathrooms, along with its own entrance, utility service, and parking. The total property size is 2,200 square feet on a 50 x 150 lot.
Interior specifications include porcelain tile flooring, wood kitchen cabinetry, quartz countertops, and stainless steel appliances. Construction is expected to reach completion around April 2026, offering a newly built duplex configuration for owner occupancy or rental income use.
Interior specifications include porcelain tile flooring, wood kitchen cabinetry, quartz countertops, and stainless steel appliances. Construction is expected to reach completion around April 2026, offering a newly built duplex configuration for owner occupancy or rental income use.
Key Highlights
- Two 3‑bedroom, 2‑bath residences within one duplex
- 2,200 square feet on a 50 x 150 lot
- Separate entrance, utilities, and parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,674
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,480
$733.5K
Cap Rate 7%
$523,914
$523.9K
Cap Rate 9%
$407,489
$407.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$55.4K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$52.4K $23.81/SF
− OpEx
−$15.7K −$7.14/SF
NOI
$36.7K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,480
Cap Rate 7%
$523,914
Cap Rate 9%
$407,489
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$483.4K
$422.9K – $563.9K
NOI $33,835 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.12M
$976.6K – $1.30M
NOI $78,131 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences feature separate entrances, utilities, and parking for flexible occupancy or rental use.
Where is this duplex located?
The property is located at 855-857 Southwest 1st Street Florida City, FL.
What is the asking price?
The asking price for this property is $694,900.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath residences within one duplex; 2,200 square feet on a 50 x 150 lot; Separate entrance, utilities, and parking for each unit
