Duplex With Flexible-Use
For Sale
$599,990
1079 NW 112th Ter, Miami, FL 33168
Leased residential property with separate unit layouts and documented rental history near transportation, shopping, and schools.
Property Size1,456 SF
Days on Market116
Property Features for 1079 NW 112th Ter
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$57,600
Taxes and HOA fees
Annual Taxes
$6,010
Building Details
Building Size
1,456 SF
Year Built
1951
Listing Agency:
Stratwell, LLC
Listed By:
Jorge Forte · License #0662315
(305) 403-6441
Source:
Marcelosteinmander
Added: Jun 15
Changed: Sep 26
Last Checked: Oct 7 at 6:14PM
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 Stratwell, LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,456 square feet and is arranged as two residential units: one with 3 bedrooms and 2 baths, and another with 2 bedrooms and 1 bath. The property also includes additional flexible-use space, expanding its existing configuration beyond the primary units.
Existing leases support near-term occupancy, while documented rental history provides operating information for evaluation. The property is located at 1079 NW 112th Ter in Miami, near major highways, shopping, schools, and public transportation.
Existing leases support near-term occupancy, while documented rental history provides operating information for evaluation. The property is located at 1079 NW 112th Ter in Miami, near major highways, shopping, schools, and public transportation.
Key Highlights
- Duplex totaling 1,456 square feet
- Unit mix includes 3 bedrooms/2 baths and 2 bedrooms/1 bath
- Additional flexible‑use space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,201
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,020
$584.0K
Cap Rate 7%
$417,157
$417.2K
Cap Rate 9%
$324,456
$324.5K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$44.6K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.7K $28.65/SF
− OpEx
−$12.5K −$8.60/SF
NOI
$29.2K $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%
$584,020
Cap Rate 7%
$417,157
Cap Rate 9%
$324,456
Alternative Uses
Best Use
Multifamily LT 5
$417.2K
$365.0K – $486.7K
NOI $29,201 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$982.8K
$860.0K – $1.15M
NOI $68,797 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,050
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 - Leased residential property with separate unit layouts and documented rental history near transportation, shopping, and schools.
Where is this duplex located?
The property is located at 1079 NW 112th Ter Miami, FL.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Duplex totaling 1,456 square feet; Unit mix includes 3 bedrooms/2 baths and 2 bedrooms/1 bath; Additional flexible‑use space included
