2024 Duplex with Dedicated
New
For Sale
$1,120,000
6141 NW 1st Ave, Miami, FL 33127
Residential Income, Miami, FL
Property Size2,244 SF
Lot Size0.13 Acres
Price / SF$499.11
Days on Market4
Property Features for 6141 NW 1st Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 1, Bathroom 6, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 5, Bedroom 2
Parking
4
Subdivision
NORTH ROCKMOOR TRACK
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-13-050-0080
Size
2,244 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
13 53 41 NORTH ROCKMOOR TR PB 4-181 LOT 8 BLK 1 LESS S10FT & EXT AREA OF CURVE IN SW COR FOR R/W LOT SIZE 4860 SQ FT M/L OR 11790-8 0483 5
Tax Annual Amount
10348
Legal Description
13 53 41 NORTH ROCKMOOR TR PB 4-181 LOT 8 BLK 1 LESS S10FT & EXT AREA OF CURVE IN SW COR FOR R/W LOT SIZE 4860 SQ FT M/L OR 11790-8 0483 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2024
Floors in Building
2
Flooring type
Tile
Building materials
Block
Roof type
Concrete
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Maura Padron · License #3468391
(786) 204-6032
Added: Aug 25
Changed: Aug 27
Last Checked: Aug 28 at 6:06PM
MLS# A12072659
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.
Completed in 2024, this block-built duplex contains two residential units with a three-bedroom, two-and-a-half-bath layout on each side. The property includes tile flooring, central heating and central air, a concrete roof, public sewer service, and cable availability. Four dedicated parking spaces provide two spaces for each unit.
The 5,617-square-foot corner lot is located in Little Haiti at 6141 NW 1st Ave, with proximity to the Design District, Wynwood, and Midtown. The property is identified as being within an Opportunity Zone, with related tax treatment available to qualifying investors. Miami and Miami-Dade County location details support its placement within the area’s established urban context.
The 5,617-square-foot corner lot is located in Little Haiti at 6141 NW 1st Ave, with proximity to the Design District, Wynwood, and Midtown. The property is identified as being within an Opportunity Zone, with related tax treatment available to qualifying investors. Miami and Miami-Dade County location details support its placement within the area’s established urban context.
Key Highlights
- Two‑unit duplex completed in 2024
- Each unit includes 3 bedrooms and 2.5 baths
- Four dedicated parking spaces, with 2 assigned to each unit
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
$45,005
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
4.02%
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%
$900,100
$900.1K
Cap Rate 7%
$642,929
$642.9K
Cap Rate 9%
$500,056
$500.1K
Market Conditions
NOI Build-Up for 2,244 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
$68.7K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$64.3K $28.65/SF
− OpEx
−$19.3K −$8.60/SF
NOI
$45.0K $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%
$900,100
Cap Rate 7%
$642,929
Cap Rate 9%
$500,056
Alternative Uses
Best Use
Multifamily LT 5
$642.9K
$562.6K – $750.1K
NOI $45,005 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$592.2K
$518.2K – $690.9K
NOI $41,454 @ 7.0% cap · market cap 3.70%
Theoretical Best
Specialty Retail
$1.51M
$1.33M – $1.77M
NOI $106,030 @ 7.0% cap · market cap 9.47%
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
2,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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 residential units offer three bedrooms and two-and-a-half baths per side.
Where is this duplex located?
The property is located at 6141 NW 1st Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2024; Each unit includes 3 bedrooms and 2.5 baths; Four dedicated parking spaces, with 2 assigned to each unit
