Two-Unit Duplex with Separate
For Sale
$599,001
10841 NW 8th Ave, Miami, FL 33168
Residential Income, Miami, FL
Property Size2,010 SF
Price / SF$298.01
Days on Market15
Property Features for 10841 NW 8th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Parking
2
Subdivision
PINEWOOD PARK EXTENSION
Lot features
< 1/4 Acre
Directions
Drive east. Turn left. Right to NW 36th St/US 27. Left to North Miami Ave. Turn left to take the SR 112 Toll West ramp toward I 95. Take exit 1 onto I 95 North toward Fort Lauderdale.
Standard status
Active
APN
30-21-35-002-1690
Size
2,010 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PINEWOOD PARK EXT PB 34-91 LOT 1 BLK 10 LOT SIZE 56.360 X 140 OR 10803-1224 0680 1 COC 23061-4594 01 2005 1
Tax Annual Amount
6725
Legal Description
PINEWOOD PARK EXT PB 34-91 LOT 1 BLK 10 LOT SIZE 56.360 X 140 OR 10803-1224 0680 1 COC 23061-4594 01 2005 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1974
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Fiberglass
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Aug 14
Changed: Aug 25
Last Checked: Aug 28 at 5:06AM
MLS# A12052624
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.
Investment Insights
Based on property information with market context.
This duplex contains 2,010 square feet across two separate residential units, creating a clearly defined configuration for occupancy or rental use. The larger unit includes 3 bedrooms and 2 bathrooms, while the second offers 2 bedrooms and 1 bathroom. Separate electrical meters serve each unit. The property was built in 1974 and features block construction, tile flooring, central heating, ceiling fans, central air, and a fiberglass roof.
Located at 10841 NW 8th Ave in Miami, the property is near shopping, dining, schools, major roadways, and everyday amenities. Public sewer is in place, and cable is available. The duplex's two-unit layout and distinct utility metering provide a practical residential income property format.
Located at 10841 NW 8th Ave in Miami, the property is near shopping, dining, schools, major roadways, and everyday amenities. Public sewer is in place, and cable is available. The duplex's two-unit layout and distinct utility metering provide a practical residential income property format.
Key Highlights
- Two‑unit duplex with 2,010 square feet of total property size
- Unit mix includes 3 bedrooms and 2 bathrooms plus 2 bedrooms and 1 bathroom
- Separate electrical meters serve the two units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,312
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,240
$806.2K
Cap Rate 7%
$575,886
$575.9K
Cap Rate 9%
$447,911
$447.9K
Market Conditions
NOI Build-Up for 2,010 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.5K $30.60/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$57.6K $28.65/SF
− OpEx
−$17.3K −$8.60/SF
NOI
$40.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,240
Cap Rate 7%
$575,886
Cap Rate 9%
$447,911
Alternative Uses
Best Use
Multifamily LT 5
$575.9K
$503.9K – $671.9K
NOI $40,312 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$530.5K
$464.2K – $618.9K
NOI $37,132 @ 7.0% cap · market cap 6.20%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $94,973 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Block construction, tile flooring, central heating and cooling, and public sewer support the property's existing residential configuration.
Where is this duplex located?
The property is located at 10841 NW 8th Ave Miami, FL.
What is the asking price?
The asking price for this property is $599,001.
What are key features of this property?
This property features: Two‑unit duplex with 2,010 square feet of total property size; Unit mix includes 3 bedrooms and 2 bathrooms plus 2 bedrooms and 1 bathroom; Separate electrical meters serve the two units
