2-Unit
For Sale
$599,001
10841 NW 8th Avenue, Miami, FL 33168
Separate electrical meters serve the two residences.
Property Size2,010 SF
Price / SF$298.01
Days on Market35
Property Features for 10841 NW 8th Avenue
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1974
Listing Agency:
Beycome of Florida LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Source:
Lehmannflorida
Added: Sep 17
Changed: Oct 19
Last Checked: Oct 19 at 2:49PM
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 Beycome of Florida LLC
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Investment Insights
Based on property information with market context.
Built in 1974, this duplex contains two residences with separate electrical meters. One unit has three bedrooms and two bathrooms; the other has two bedrooms and one bathroom.
Shopping, dining, schools, major roads, and everyday services are nearby.
Shopping, dining, schools, major roads, and everyday services are nearby.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom
- Separate electrical meters for the two units
- Built in 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,312
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,240
$806.2K
Cap Rate 7%
$575,886
$575.9K
Cap Rate 9%
$447,911
$447.9K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$61.5K $30.60/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$57.6K $28.65/SF
− OpEx
−$17.3K −$8.60/SF
NOI
$40.3K $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%
$806,240
Cap Rate 7%
$575,886
Cap Rate 9%
$447,911
Alternative Uses
Best Use
Multifamily LT 5
$575.9K
$503.9K – $671.9K
NOI $40,312 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$530.5K
$464.2K – $618.9K
NOI $37,132 @ 7.0% cap · market cap 6.20%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $94,973 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
729
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate electrical meters serve the two residences.
Where is this duplex located?
The property is located at 10841 NW 8th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $599,001.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom; Separate electrical meters for the two units; Built in 1974
