Newer Duplex with Impact
New
For Sale
$739,000
10239 SW 173rd St, Miami, FL 33157
Fully occupied two-unit property with in-unit laundry and private parking.
Property Size1,976 SF
Days on Market5
Property Features for 10239 SW 173rd St
General Information
Standard status
Active
Size
1,976 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Cap Rate
6.9%
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,845
Amenities
Impact windows
tankless water heaters
stainless steel appliances
washer and dryer in each unit
Building Details
Building Size
1,976 SF
Year Built
2023
Buildings
1
Listing Agency:
Related General Realty, LLC.
Listed By:
Eduardo Bleiberg · License #3059728
(305) 932-6365
Source:
Miamibrokersgroup
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 2:36AM
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 Related General Realty, LLC.
Investment Insights
Based on property information with market context.
Completed in 2023, this duplex contains two units totaling 1,976 square feet. Each residence has three bedrooms and two bathrooms, stainless steel appliances, impact windows, a tankless water heater, and its own washer and dryer. The building is fully leased and includes private parking with four designated spaces, two allocated to each unit.
The property is a short drive from US 1. Its parking layout can accommodate up to eight vehicles when spaces are used in tandem.
The property is a short drive from US 1. Its parking layout can accommodate up to eight vehicles when spaces are used in tandem.
Key Highlights
- Built in 2023; 1,976 square feet total
- Two units, each with 3 bedrooms and 2 bathrooms
- Fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,699
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,980
$834.0K
Cap Rate 7%
$595,700
$595.7K
Cap Rate 9%
$463,322
$463.3K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$62.8K $31.80/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$59.6K $30.15/SF
− OpEx
−$17.9K −$9.04/SF
NOI
$41.7K $21.10/SF
Area
ZIP 33157
Vacancy
5.20%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,980
Cap Rate 7%
$595,700
Cap Rate 9%
$463,322
Alternative Uses
Best Use
Multifamily LT 5
$595.7K
$521.2K – $695.0K
NOI $41,699 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$520.4K
$455.3K – $607.1K
NOI $36,425 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.00M
$877.2K – $1.17M
NOI $70,176 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with in-unit laundry and private parking.
Where is this duplex located?
The property is located at 10239 SW 173rd St Miami, FL.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Built in 2023; 1,976 square feet total; Two units, each with 3 bedrooms and 2 bathrooms; Fully leased
