Two-Unit
For Sale
$599,001
10841 NW 8th Ave, Miami, FL 33168
Separate electrical meters serve a three-bedroom, two-bath unit and a two-bedroom, one-bath unit.
Property Size2,010 SF
Price / SF$298.01
Days on Market111
Property Features for 10841 NW 8th Ave
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
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$6,725
Building Details
Building Size
2,010 SF
Year Built
1974
Buildings
1
Listing Agency:
Beycome of Florida LLC
Listed By:
Steven Koleno · License #3469487
(312) 300-6768
Source:
Debuirerealty
Added: Jul 13
Changed: Oct 27
Last Checked: Oct 27 at 3:26AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two units totaling 2,010 square feet. The larger unit has three bedrooms and two bathrooms; the second offers two bedrooms and one bathroom. Each unit has a separate electrical meter. The property was built in 1974.
The address is 10841 NW 8th Ave in Miami, Florida. Nearby context includes shopping, dining, schools, major roadways, and everyday amenities.
The address is 10841 NW 8th Ave in Miami, Florida. Nearby context includes shopping, dining, schools, major roadways, and everyday amenities.
Key Highlights
- Two units with separate electrical meters
- Unit mix: 3 bedrooms and 2 bathrooms; 2 bedrooms and 1 bathroom
- 2,010 square feet
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electrical meters serve a three-bedroom, two-bath unit and a two-bedroom, one-bath unit.
Where is this duplex located?
The property is located at 10841 NW 8th Ave 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 units with separate electrical meters; Unit mix: 3 bedrooms and 2 bathrooms; 2 bedrooms and 1 bathroom; 2,010 square feet
