Single-Story
For Sale
$650,000
1-2-20 Ne 169th St, North Miami Beach, FL
Two-unit layout supports separate residential occupancy and an owner-occupant arrangement.
Property Size1,241 SF
Price / SF$523.77
Days on Market49
Property Features for 1-2-20 Ne 169th St
General Information
Standard status
Active
Size
1,241 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,873
Building Details
Buildings
1
Stories
1
Listing Agency:
Grandiose Real Estate LLC
(954) 650-0597
Listed By:
Brian J McCarthy · License #3213610
(954) 258-1435
Source:
Exprealty
Added: Aug 20
Changed: Oct 1
Last Checked: Oct 5 at 10:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grandiose Real Estate LLC
Investment Insights
Based on property information with market context.
This single-story duplex contains 1,241 square feet of finished living space in a two-unit residential configuration. The layout is suited to separate occupancy within one property, including the stated option for an owner to live in one unit while generating income from the other.
The property is located at 1-2-20 NE 169th St in North Miami Beach, Florida. Its manageable scale and duplex format provide a straightforward residential income property profile for buyers considering combined personal occupancy and rental use.
The property is located at 1-2-20 NE 169th St in North Miami Beach, Florida. Its manageable scale and duplex format provide a straightforward residential income property profile for buyers considering combined personal occupancy and rental use.
Key Highlights
- Duplex with two residential units
- 1,241 square feet of finished living space
- Single‑story layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,687
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,740
$413.7K
Cap Rate 7%
$295,529
$295.5K
Cap Rate 9%
$229,856
$229.9K
Market Conditions
NOI Build-Up for 1,241 SF
Gross rent
$31.3K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$29.6K $23.81/SF
− OpEx
−$8.9K −$7.14/SF
NOI
$20.7K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,740
Cap Rate 7%
$295,529
Cap Rate 9%
$229,856
Alternative Uses
Best Use
Multifamily LT 5
$295.5K
$258.6K – $344.8K
NOI $20,687 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$272.7K
$238.6K – $318.1K
NOI $19,086 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$629.6K
$550.9K – $734.6K
NOI $44,073 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,225
Businesses Nearby
Explore this area
Business Placement
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-unit layout supports separate residential occupancy and an owner-occupant arrangement.
Where is this duplex located?
The property is located at 1-2-20 Ne 169th St North Miami Beach, 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: Duplex with two residential units; 1,241 square feet of finished living space; Single‑story layout
