Duplex with Impact
Miami, FL 33138, Miami, FL 33138
For Sale
New
$650,000
Residential Income, Miami, FL
Property Size1,811 SF
Price / SF$358.92
Days on Market2
Property Features
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Lot features
Subdivision
Standard status
Size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
United Realty Group, Inc
(954) 450-2000
Listed By:
Gertrude Joseph · License FL #3375739
(786) 285-6156
Added: Nov 9
Last Checked: Nov 10 at 10:06PM
MLS# A12120739
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,811-square-foot duplex dates to 1960 and contains three bedrooms and four bathrooms. Block construction, tile flooring, a shingle roof, central heating and central air serve the property. Improvements include impact-rated windows, a new roof, and plumbing described as up to date.
The property is in a historic Miami neighborhood near the Design District, with Miami Beach approximately 20 minutes away. Public sewer service and cable availability are listed.
The property is in a historic Miami neighborhood near the Design District, with Miami Beach approximately 20 minutes away. Public sewer service and cable availability are listed.
Key Highlights
- 1,811 square feet with 3 bedrooms and 4 bathrooms
- Impact windows and a new roof
- Plumbing is up to date
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,321
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,420
$726.4K
Cap Rate 7%
$518,871
$518.9K
Cap Rate 9%
$403,567
$403.6K
Market Conditions
NOI Build-Up for 1,811 SF
Gross rent
$55.4K $30.60/SF
− Vacancy
−$3.5K −$1.95/SF
EGI
$51.9K $28.65/SF
− OpEx
−$15.6K −$8.60/SF
NOI
$36.3K $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%
$726,420
Cap Rate 7%
$518,871
Cap Rate 9%
$403,567
Alternative Uses
Best Use
Multifamily LT 5
$518.9K
$454.0K – $605.4K
NOI $36,321 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$477.9K
$418.2K – $557.6K
NOI $33,455 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,571 @ 7.0% cap · market cap 13.16%
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
2,224
Businesses Nearby
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Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Market
Average Price Trend$/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 - The building has updated plumbing, central heating and cooling, and a recently installed roof.
Where is this duplex located?
The property is located at Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,811 square feet with 3 bedrooms and 4 bathrooms; Impact windows and a new roof; Plumbing is up to date
