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    1985 49Th St Miami, FL 33142

    For Sale
    $549,000

    Updated Duplex near Miami Design District

    Property size:
    1,599 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    316
    This charming 1936-built, single-story duplex in Miami, FL (33142), offers a compelling investment opportunity. Located at 1985 NW 49th St, this 1,599 square foot property boasts a prime location just steps from the Earlington Heights Metro-Rail station, providing convenient access to the vibrant Miami Design District, Edgewater, and Wynwood. The property features two units: a masterfully updated 2-bedroom, 1-bathroom unit with an open-concept design, and a 1-bedroom, 1-bathroom unit. A recent roof replacement ensures long-term value and peace of mind. Given the increasing demand for housing in this rapidly developing area, this duplex presents a strong potential for rental income and capital appreciation. The property's proximity to major employment centers and cultural attractions further enhances its investment appeal. This is an exceptional chance to acquire a well-maintained, strategically positioned multifamily property in a high-growth Miami neighborhood. The asking price is $549,000. Serious inquiries are encouraged.

    Property Features for 1985 49Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,599 SF

    Building Details

    Year Built
    1936
    Stories
    1

    HighLights

    • $549,000 asking price.
    • Multifamily property, specifically a duplex/triplex/quadplex apartment building.
    • 1,599 square feet.
    • Built in 1936, one story.
    • Located at 1985 NW 49th St, Miami, FL 33142, near Earlington Heights Metro‑Rail station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2301003
    Latitude
    25.8200093

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    FAQs

    What type of property is this?
    Multifamily property - Updated Duplex near Miami Design District
    Where is this multifamily property located?
    The property is located at 1985 49Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: $549,000 asking price.; Multifamily property, specifically a duplex/triplex/quadplex apartment building.; 1,599 square feet.
    Request Owner's contact information
    1985 49Th St Miami, FL 33142
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    Miami, FL 33142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1985 49Th St Miami, FL 33142
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