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    Recently Remodeled Duplex Income Property Title is generated by Realmo AI

    1450 NW 35th St, Miami, FL 33142

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    Claim this Listing
    For Sale
    Under Contract
    $649,997

    MULTI_FAMILY - Miami, FL

    Property size:
    1,825 SF
    Price / SF:
    $356/SF
    Added:
    Jun 5, 2026
    Days on Market:
    34
    Last Refresh:
    Jul 8 at 4:06 pm

    Property Features for 1450 NW 35th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    3
    Standard status
    Active Under Contract
    APN
    01-31-26-038-0460
    Size
    1,825 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BEVERLY HGTS PB 6-164 LOT 8 & E13FT LOT 7 BLK 3 & N1/2 OF ALLEY LYG S & ADJ CLOSED PER ORD 13492 LOT SIZE 7526 SQ FT M/L
    Tax Annual Amount
    9918

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Flooring type
    Vinyl
    Roof type
    Shingle

    We can help!

    Contact an agent
    Armando Palma III

    Listing agent Armando Palma III License #3165997

    Listing office Palma Realty Group 489 E Okechobee Rd, HIALEAH, FL

    Listing date Jun 5, 2026

    MLS# A12031526 Listing URL

    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.

    HighLights

    • Duplex with public sewer and cable available
    • Central air cooling and electric heating
    • Vinyl flooring throughout
    • Shingle roof
    • Year built: 1950

    Overview

    This property is a duplex configured as a residential income asset, recently remodeled and presented as fully rented. The current setup is intended for an owner-operator or investor seeking a turnkey, income-producing property with no immediate unit renovation requirements based on the seller’s remarks.

    Located at 1450 NW 35th St in Miami, Florida 33142, the home is in Miami-Dade County. The listing positions the duplex as centered in Miami and emphasizes that it is already producing rental income.

    For buyers, this layout and condition may fit well if you’re looking for a duplex format in an established Miami market with tenants in place. The remodeled status can also be important for reducing near-term capital planning, subject to your due diligence during inspection and review of existing leases. If you’d like to evaluate the property further, schedule a showing to confirm finishes, unit conditions, and lease terms directly with the appropriate parties.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $55.8k $30.60
    − Vacancy −$3.6k −$1.95
    EGI $52.3k $28.65
    − OpEx −$15.7k −$8.60
    NOI $36.6k $20.06
    1,825 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $522.9K
    $457.5K – $610.0K (±1% cap)
    NOI $36,601 @ 7.0% cap · market cap 5.63%
    Second Best
    Apartment 5plus
    $481.6K
    $421.4K – $561.9K (±1% cap)
    NOI $33,714 @ 7.0% cap · market cap 5.19%
    Theoretical Best
    Specialty Retail
    $1.23M
    $1.08M – $1.44M (±1% cap)
    NOI $86,232 @ 7.0% cap · market cap 13.27%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Dental Office Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Acupuncture Electrical Service Pet Grooming Service Restaurant (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.220806
    Latitude
    25.808451

    FAQs

    What type of property is this?
    Duplex - Fully rented duplex that has been recently remodeled and is ready for a new owner.
    Where is this duplex located?
    The property is located at 1450 NW 35th St Miami, FL.
    What is the asking price?
    The asking price for this property is $649,997.
    What are key features of this property?
    This property features: Duplex with public sewer and cable available; Central air cooling and electric heating; Vinyl flooring throughout
    More about this property
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