Two-Unit Duplex with Private
New
For Sale
$615,000
1030 NW 114th St, Miami, FL 33168
Both residences include in-unit laundry, kitchen appliances, impact-rated windows and doors, and a separate backyard.
Property Size1,728 SF
Days on Market3
Property Features for 1030 NW 114th St
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,099
Amenities
washer/dryer
backyard
Building Details
Building Size
1,728 SF
Year Built
1954
Listing Agency:
New Emporium Properties, Inc.
Listed By:
Yulieth Pena-Mesa · License #3211631
(786) 447-8466
Source:
Marcelosteinmander
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 11:58PM
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 New Emporium Properties, Inc.
Investment Insights
Based on property information with market context.
Built in 1954, this 1,728-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. Both units have a stove, refrigerator, over-the-range microwave, washer, and dryer. Impact windows and doors are installed throughout, and each residence has its own backyard.
The property is located at 1030 NW 114th Street in Miami. The flat roof was completed five years ago.
The property is located at 1030 NW 114th Street in Miami. The flat roof was completed five years ago.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,728 square feet; built in 1954
- Separate backyard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,656
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,120
$693.1K
Cap Rate 7%
$495,086
$495.1K
Cap Rate 9%
$385,067
$385.1K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$52.9K $30.60/SF
− Vacancy
−$3.4K −$1.95/SF
EGI
$49.5K $28.65/SF
− OpEx
−$14.9K −$8.60/SF
NOI
$34.7K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,120
Cap Rate 7%
$495,086
Cap Rate 9%
$385,067
Alternative Uses
Best Use
Multifamily LT 5
$495.1K
$433.2K – $577.6K
NOI $34,656 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$456.0K
$399.0K – $532.0K
NOI $31,922 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,649 @ 7.0% cap · market cap 13.28%
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
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
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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 - Both residences include in-unit laundry, kitchen appliances, impact-rated windows and doors, and a separate backyard.
Where is this duplex located?
The property is located at 1030 NW 114th St Miami, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,728 square feet; built in 1954; Separate backyard for each unit
