Duplex Income
1022 NW 22nd Pl Miami, FL 33125
For Sale
Contact for pricing
Two separate 2-bedroom, 1-bath units on a spacious lot, tenant occupied, offered for sale.
Property Size1,712 SF
Price / SF$423.48
Days on Market53
Property Features for 1022 NW 22nd Pl
General Information
- Standard status
- Active
- Size
- 1,712 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing Agency:
Madison Allied LLC
(305) 944-8181
Listed By:
Sairan Taizhumiyeva Shepard · License #3471008
Source:
Crexi
Added: Jun 1
Changed: Jul 22
Last Checked: Jul 23 at 2:01PM
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 Madison Allied LLC
Investment Insights
Based on property information with market context.
This income-producing duplex features two separate 2-bedroom, 1-bath units. The property is situated on a spacious lot and is currently tenant occupied.
The address is 1022 NW 22nd Pl, Miami, FL 33125, with convenience to major highways. The public remarks also note proximity to Miami International Airport, shopping, dining, schools, and public transportation, as well as easy access to Midtown Miami, Wynwood, and Downtown Miami.
Showings are by appointment only, and tenants should not be disturbed.
The address is 1022 NW 22nd Pl, Miami, FL 33125, with convenience to major highways. The public remarks also note proximity to Miami International Airport, shopping, dining, schools, and public transportation, as well as easy access to Midtown Miami, Wynwood, and Downtown Miami.
Showings are by appointment only, and tenants should not be disturbed.
Key Highlights
- Income‑producing duplex built in 1961 with two separate 2‑bedroom, 1‑bath units
- Spacious lot for added outdoor space
- Tenant occupied—showings by appointment only; please do not disturb tenants
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 | $52.4k | $30.60 |
| − Vacancy | −$3.3k | −$1.95 |
| EGI | $49.1k | $28.65 |
| − OpEx | −$14.7k | −$8.60 |
| NOI | $34.3k | $20.06 |
1,712 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$490.5K
$429.2K – $572.3K
NOI $34,335 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$451.8K
$395.3K – $527.1K
NOI $31,626 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,893 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate 2-bedroom, 1-bath units on a spacious lot, tenant occupied, offered for sale.
Where is this duplex located?
The property is located at 1022 NW 22nd Pl Miami, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1961 with two separate 2‑bedroom, 1‑bath units; Spacious lot for added outdoor space; Tenant occupied—showings by appointment only; please do not disturb tenants
