Duplex with Flexible-Use
For Sale
$624,999
1079 NW 112th Ter, Miami, FL 33168
Residential Income, Miami, FL
Property Size1,456 SF
Price / SF$429.26
Days on Market50
Property Features for 1079 NW 112th Ter
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 5
Parking
5
Subdivision
LAWNDALE 3RD ADDN
Lot features
< 1/4 Acre
Standard status
Active
APN
30-21-35-009-0430
Size
1,456 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LAWNDALE 3RD ADDN PB 45-20 LOT 15 BLK 8 LOT SIZE 75.000 X 100 CASE #95-17903
Tax Annual Amount
6010
Legal Description
LAWNDALE 3RD ADDN PB 45-20 LOT 15 BLK 8 LOT SIZE 75.000 X 100 CASE #95-17903
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1951
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Tar/Gravel
Listing Agency:
Stratwell, LLC
(305) 403-6430
Listed By:
Jorge Forte · License #0662315
(786) 402-5157
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 7 at 1:06PM
MLS# A12037436
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 bathrooms, and another with 2 bedrooms and 1 bathroom. Additional flexible-use space expands the building’s configuration. Block construction, tile flooring, a tar/gravel roof, public sewer, and cable availability are among the property features. Heating is provided by a wall furnace, with cooling from wall/window and window units.
Built in 1951, the property is located at 1079 NW 112th Ter in Miami, within ZIP Code 33168. The setting provides proximity to major highways, shopping, schools, and public transportation. Existing leases and documented rental history are available for review, along with rent rolls, lease information, and financials.
Built in 1951, the property is located at 1079 NW 112th Ter in Miami, within ZIP Code 33168. The setting provides proximity to major highways, shopping, schools, and public transportation. Existing leases and documented rental history are available for review, along with rent rolls, lease information, and financials.
Key Highlights
- 1,456 SF duplex with two residential units
- 3‑bedroom/2‑bath unit paired with a 2‑bedroom/1‑bath unit
- Additional flexible‑use space within the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,201
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.67%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$982.8K
$860.0K – $1.15M
NOI $68,797 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with tile flooring, block construction, and additional space for adaptable use.
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 $624,999.
What are key features of this property?
This property features: 1,456 SF duplex with two residential units; 3‑bedroom/2‑bath unit paired with a 2‑bedroom/1‑bath unit; Additional flexible‑use space within the property
