Duplex with Metal
New
For Sale
$724,900
9283 SW 39th Street, Miami, FL 33165
Two matching residential units each offer two bedrooms and one bathroom, with electrical upgrades completed throughout the property.
Property Size1,335 SF
Days on Market4
Property Features for 9283 SW 39th Street
General Information
Standard status
Active
Size
1,335 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,913
Building Details
Building Size
1,335 SF
Year Built
1961
Buildings
1
Listing Agency:
Genesis Realty Services Inc.
Listed By:
Judith Taveras · License #0697161
(305) 308-2230
Source:
Silverleafrealtygroup
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 24 at 10:49PM
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 Genesis Realty Services Inc.
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Investment Insights
Based on property information with market context.
Built in 1961, this 1,335-square-foot duplex contains two units, each configured with two bedrooms and one bathroom. Electrical work extends throughout the property, including replacement panels and meters. The building also has a metal roof, and plumbing work has been completed in the front unit.
The property is near transportation, shopping, and schools.
The property is near transportation, shopping, and schools.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,335 square feet; built in 1961
- Electrical updates throughout, with replacement panels and meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,774
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,480
$535.5K
Cap Rate 7%
$382,486
$382.5K
Cap Rate 9%
$297,489
$297.5K
Market Conditions
NOI Build-Up for 1,335 SF
Gross rent
$40.9K $30.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$38.2K $28.65/SF
− OpEx
−$11.5K −$8.60/SF
NOI
$26.8K $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%
$535,480
Cap Rate 7%
$382,486
Cap Rate 9%
$297,489
Alternative Uses
Best Use
Multifamily LT 5
$382.5K
$334.7K – $446.2K
NOI $26,774 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$352.3K
$308.3K – $411.0K
NOI $24,662 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$901.1K
$788.5K – $1.05M
NOI $63,079 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
Explore this area
Business Placement
Demographics for 33165, FL
54,070
Population
17,813
Households
3
Avg Household Size
47
Median Age
28%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
7,209
Density / Sq Mi
$84,086
Median Household Income
$41,657
Median Earnings
$1,796
Median Rent
$476,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residential units each offer two bedrooms and one bathroom, with electrical upgrades completed throughout the property.
Where is this duplex located?
The property is located at 9283 SW 39th Street Miami, FL.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,335 square feet; built in 1961; Electrical updates throughout, with replacement panels and meters
