Little Havana Income Producing
For Sale
$1,000,000
154 Southwest 18th Court, Miami, FL 33135
Income-producing duplex in Little Havana, near Calle Ocho.
Property Size1,602 SF
Price / SF$624.22
Days on Market1560
Property Features for 154 Southwest 18th Court
General Information
Standard status
Active
Size
1,602 SF
Property subtype
Commercial/Industrial / Income/Multi Family
Site & Location
Neighborhood
Citrus Grove
Taxes and HOA fees
Annual Taxes
$5,708
Building Details
Year Built
1926
Listing Agency:
One Stop Realty
Listed By:
Armando Viera · License #3192185
(305) 225-9905
Source:
Compass
Added: Jul 25, 2022
Changed: Oct 31
Last Checked: Oct 30 at 5:28PM
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 One Stop Realty
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.
This is an income-producing duplex located in the Little Havana neighborhood. The property is zoned T4-R and is situated a few blocks from Calle Ocho. The property is positioned to benefit from the growing rental market in this high-demand area. It is located in a neighborhood close to schools and entertainment. The property offers a cash flow with low maintenance and minimal expenses.
Key Highlights
- Income‑producing duplex in Little Havana
- Zoned T4‑R, allowing for various development options
- Located a few blocks from Calle Ocho
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,129
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,580
$642.6K
Cap Rate 7%
$458,986
$459.0K
Cap Rate 9%
$356,989
$357.0K
Market Conditions
NOI Build-Up for 1,602 SF
Gross rent
$49.0K $30.60/SF
− Vacancy
−$3.1K −$1.95/SF
EGI
$45.9K $28.65/SF
− OpEx
−$13.8K −$8.60/SF
NOI
$32.1K $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%
$642,580
Cap Rate 7%
$458,986
Cap Rate 9%
$356,989
Alternative Uses
Best Use
Multifamily LT 5
$459.0K
$401.6K – $535.5K
NOI $32,129 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$422.8K
$369.9K – $493.2K
NOI $29,594 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$1.08M
$946.2K – $1.26M
NOI $75,695 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,178
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex in Little Havana, near Calle Ocho.
Where is this duplex located?
The property is located at 154 Southwest 18th Court Miami, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Income‑producing duplex in Little Havana; Zoned T4‑R, allowing for various development options; Located a few blocks from Calle Ocho
