Duplex with Two Distinct
For Sale
$690,000
1128 NW 101st St, Miami, FL 33150
Residential Income, Miami, FL
Property Size1,552 SF
Price / SF$444.59
Days on Market76
Property Features for 1128 NW 101st St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Parking
4
Subdivision
2ND
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
30-31-02-007-0541
Size
1,552 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
2ND RESUB N SILVER CREST PB 40-24 LOT 2 BLK 5 LOT SIZE 100.000 X 106 OR 20598-0531 0602 5
Tax Annual Amount
7740
Legal Description
2ND RESUB N SILVER CREST PB 40-24 LOT 2 BLK 5 LOT SIZE 100.000 X 106 OR 20598-0531 0602 5
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1957
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle
Listing Agency:
Canvas Real Estate
(954) 332-7121
Listed By:
Maria Barrera · License #3353031
(786) 520-7827
Added: Jul 18
Changed: Sep 11
Last Checked: Oct 1 at 3:06PM
MLS# A11963371
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 Miami duplex contains 1,552 square feet arranged as two separate residential units. The larger unit offers three bedrooms and two bathrooms, while the second provides two bedrooms and one bathroom. Block construction, vinyl flooring, electric heating, electric cooling, and a shingle roof define the existing improvements. The property was built in 1957 and is served by a septic tank.
Located at 1128 NW 101st St in Miami, the property is within ZIP code 33150 in Miami-Dade County. The location provides access to major roads, shopping, and public transportation. The two-unit layout offers a defined residential income configuration for buyers seeking a duplex property with differentiated unit sizes.
Located at 1128 NW 101st St in Miami, the property is within ZIP code 33150 in Miami-Dade County. The location provides access to major roads, shopping, and public transportation. The two-unit layout offers a defined residential income configuration for buyers seeking a duplex property with differentiated unit sizes.
Key Highlights
- Two‑unit duplex with one 3‑bedroom / 2‑bath unit and one 2‑bedroom / 1‑bath unit
- 1,552 square feet of total property size
- Block construction with vinyl flooring
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
$31,126
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
4.51%
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%
$622,520
$622.5K
Cap Rate 7%
$444,657
$444.7K
Cap Rate 9%
$345,844
$345.8K
Market Conditions
NOI Build-Up for 1,552 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
$47.5K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$44.5K $28.65/SF
− OpEx
−$13.3K −$8.60/SF
NOI
$31.1K $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 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%
$622,520
Cap Rate 7%
$444,657
Cap Rate 9%
$345,844
Alternative Uses
Best Use
Multifamily LT 5
$444.7K
$389.1K – $518.8K
NOI $31,126 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.9K
NOI $28,671 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Block construction includes vinyl flooring, electric heating and cooling, and shingle roofing.
Where is this duplex located?
The property is located at 1128 NW 101st St Miami, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Two‑unit duplex with one 3‑bedroom / 2‑bath unit and one 2‑bedroom / 1‑bath unit; 1,552 square feet of total property size; Block construction with vinyl flooring
