Duplex with Detached
901 NW 33rd Ave, Miami, FL 33125
For Sale
New
$600,000
Vacant two-unit property has private entrances, patio areas, and driveway parking.
Property Size2,440 SF
Lot Size0.17 Acres
Price / SF$245.90
Days on Market4
Property Features for 901 NW 33rd Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central A/C
private entrances
patio areas
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Capital Intl Realty LLC
Listed By:
Sonia Petraitis · License FL #3283461
(954) 882-9059
Source:
Batrare
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:32PM
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 Capital Intl Realty LLC
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Investment Insights
Based on property information with market context.
The property comprises two detached residential structures, each arranged as a three-bedroom, two-bathroom unit. Both have private entrances and patio areas, with central A/C serving the residences. The buildings date to 1950 and require updating. The rear unit’s second bathroom permit status is unverified.
The 7,500-square-foot lot includes driveway parking for up to 5 vehicles. The property is in Miami, near loanDepot Park, Miami International Airport, the Health District, and major transportation routes.
The 7,500-square-foot lot includes driveway parking for up to 5 vehicles. The property is in Miami, near loanDepot Park, Miami International Airport, the Health District, and major transportation routes.
Key Highlights
- Two detached residential structures, each configured with 3 bedrooms and 2 bathrooms
- 7,500 SF lot
- Driveway parking for up to 5 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,936
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,720
$978.7K
Cap Rate 7%
$699,086
$699.1K
Cap Rate 9%
$543,733
$543.7K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$74.7K $30.60/SF
− Vacancy
−$4.8K −$1.95/SF
EGI
$69.9K $28.65/SF
− OpEx
−$21.0K −$8.60/SF
NOI
$48.9K $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%
$978,720
Cap Rate 7%
$699,086
Cap Rate 9%
$543,733
Alternative Uses
Best Use
Multifamily LT 5
$699.1K
$611.7K – $815.6K
NOI $48,936 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$643.9K
$563.4K – $751.3K
NOI $45,075 @ 7.0% cap · market cap 7.51%
Theoretical Best
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,291 @ 7.0% cap · market cap 19.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,444
Businesses Nearby
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Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property has private entrances, patio areas, and driveway parking.
Where is this duplex located?
The property is located at 901 NW 33rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two detached residential structures, each configured with 3 bedrooms and 2 bathrooms; 7,500 SF lot; Driveway parking for up to 5 vehicles
