Fully Renovated Duplex with On-Site
For Sale
$650,000
Miami, FL 33127, Miami, FL 33127
MULTI_FAMILY - Miami, FL
Property Size1,500 SF
Price / SF$433.33
Days on Market158
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4
Parking
2
Subdivision
N MIAMI ESTATES
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-23-037-2780
Size
1,500 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH MIAMI ESTS PB 5-48 LOT 1 LESS E10FT FOR R/W BLK 33 LOT SIZE 40.00 X 100 OR 19389-4722 10 2000 6
Tax Annual Amount
4500
Legal Description
NORTH MIAMI ESTS PB 5-48 LOT 1 LESS E10FT FOR R/W BLK 33 LOT SIZE 40.00 X 100 OR 19389-4722 10 2000 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
South Florida Brokers & Assoc
(305) 940-7322
Listed By:
Froilan Sosa · License #3104339
(305) 482-1289
Added: Feb 24
Changed: Aug 1
Last Checked: Aug 1 at 12:06PM
MLS# A11970857
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 fully renovated duplex offers two residential units, each with two bedrooms and one bathroom. The property has been updated with complete interior and exterior renovations, including new finishes, fixtures, and design details. Each unit is currently rented on a month-to-month basis, providing flexibility for investors or future owner-occupants. On-site parking is included for tenant convenience.
The duplex is a block construction building with tile flooring and a shingle roof. Heating and cooling are provided by central systems, including central air. The property is served by public sewer, and cable is available.
With a total property size of 1,500 square feet and a year built of 1964, this is a functional, updated income property in Miami, FL 33127. Showings require advance scheduling with the listing agent, and tenants should not be disturbed.
The duplex is a block construction building with tile flooring and a shingle roof. Heating and cooling are provided by central systems, including central air. The property is served by public sewer, and cable is available.
With a total property size of 1,500 square feet and a year built of 1964, this is a functional, updated income property in Miami, FL 33127. Showings require advance scheduling with the listing agent, and tenants should not be disturbed.
Key Highlights
- Complete interior and exterior renovations with new finishes and fixtures
- Both units rented on a month‑to‑month basis
- Two bedrooms and one bathroom per unit
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 | $45.9k | $30.60 |
| − Vacancy | −$2.9k | −$1.95 |
| EGI | $43.0k | $28.65 |
| − OpEx | −$12.9k | −$8.60 |
| NOI | $30.1k | $20.06 |
1,500 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$429.8K
$376.0K – $501.4K
NOI $30,083 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$395.9K
$346.4K – $461.8K
NOI $27,710 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$1.01M
$886.0K – $1.18M
NOI $70,876 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
13,901
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-bedroom, one-bathroom units with central air, tile flooring, block construction, and on-site parking.
Where is this duplex located?
The property is located at Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Complete interior and exterior renovations with new finishes and fixtures; Both units rented on a month‑to‑month basis; Two bedrooms and one bathroom per unit
