Terrazzo-Floored
For Sale
$775,000
470 NW 52nd Ave, Miami, FL 33126
Residential Income, Miami, FL
Property Size2,299 SF
Price / SF$337.10
Days on Market21
Property Features for 470 NW 52nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 1
Parking
4
Subdivision
FLAGLER GROVE ESTATES EXT
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-06-018-0500
Size
2,299 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
FLAGLER GROVE ESTATES EXTEN PB 8-98 LOT 64 LOT SIZE 55.000 X 126 COC 24964-0808 09 2006 4
Tax Annual Amount
2519
Legal Description
FLAGLER GROVE ESTATES EXTEN PB 8-98 LOT 64 LOT SIZE 55.000 X 126 COC 24964-0808 09 2006 4
Utilities
Utilities
Cable Available
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
timeless terrazzo floors
central A/C in front unit
washer/dryer hookups
private yard
Building Details
Year built
1966
Floors in Building
1
Flooring type
Tile, Terrazzo
Building materials
Block
Listing Agency:
Keller Williams Miami Beach · Keller Williams Realty
(305) 695-1112
Listed By:
Kathrin Rein · License #3249771
(305) 735-6939
Added: Aug 10
Changed: Aug 26
Last Checked: Aug 30 at 10:06AM
MLS# A12066323
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 two residences within a 2,299-square-foot block building constructed in 1966. Interior features include terrazzo and tile flooring, central air conditioning in the front residence, and washer/dryer hookups. The property also includes a private yard and four parking spaces. The room inventory includes five bedrooms and four bathrooms.
Located at 470 NW 52nd Ave in Miami, the property is near Flagler Street, Miami International Airport, major highways, shopping, and dining. Cable service is available. The sale is limited to cash buyers.
Located at 470 NW 52nd Ave in Miami, the property is near Flagler Street, Miami International Airport, major highways, shopping, and dining. Cable service is available. The sale is limited to cash buyers.
Key Highlights
- Two‑residence duplex totaling 2,299 square feet
- Five bedrooms and four bathrooms across the listed room inventory
- Four parking spaces plus a private yard
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
$46,108
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
5.95%
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%
$922,160
$922.2K
Cap Rate 7%
$658,686
$658.7K
Cap Rate 9%
$512,311
$512.3K
Market Conditions
NOI Build-Up for 2,299 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
$70.3K $30.60/SF
− Vacancy
−$4.5K −$1.95/SF
EGI
$65.9K $28.65/SF
− OpEx
−$19.8K −$8.60/SF
NOI
$46.1K $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%
$922,160
Cap Rate 7%
$658,686
Cap Rate 9%
$512,311
Alternative Uses
Best Use
Multifamily LT 5
$658.7K
$576.4K – $768.5K
NOI $46,108 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 5.48%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,629 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-residence duplex with a private yard, terrazzo floors, and washer/dryer hookups.
Where is this duplex located?
The property is located at 470 NW 52nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑residence duplex totaling 2,299 square feet; Five bedrooms and four bathrooms across the listed room inventory; Four parking spaces plus a private yard
