Corner Duplex with Two
For Sale
Contact for pricing
Pending
1100 NW 57th St, Miami, FL 33127
For sale duplex on a corner double-size lot featuring two 2-bedroom, 1-bath units.
Property Size2,152 SF
Days on Market97
Property Features for 1100 NW 57th St
General Information
Standard status
Pending
Size
2,152 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
0104
Building Details
Year Built
1948
Listing Agency:
Miami Living at Keller Williams
Listed By:
Dana DellaCamera · License #3603558
(786) 285-9243
Source:
Crexi
Added: Jun 5
Changed: Aug 21
Last Checked: Aug 20 at 4:47PM
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 Miami Living at Keller Williams
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units, each configured as 2 bedrooms and 1 bathroom. The property is positioned on a corner double-size lot and includes updates across multiple building systems. One unit was renovated approximately three years ago with an updated kitchen and flooring. Major improvements include updated plumbing in 2022, electrical upgrades, and a roof installed in 2008.
The duplex is located near major highways and is described as convenient to shopping, dining, and schools within Miami’s growing urban core.
With two living units on-site and a multifamily zoning classification for 2 living units (MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS), the property can support traditional rental operations or owner-occupancy with income from the second unit, as described in the remarks.
The duplex is located near major highways and is described as convenient to shopping, dining, and schools within Miami’s growing urban core.
With two living units on-site and a multifamily zoning classification for 2 living units (MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS), the property can support traditional rental operations or owner-occupancy with income from the second unit, as described in the remarks.
Key Highlights
- Duplex on a corner double‑size lot with two 2‑bedroom, 1‑bath units
- Zoned MULTIFAMILY 2‑9 UNITS : 2 LIVING UNITS
- One unit renovated about 3 years ago with updated kitchen and flooring
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
$43,160
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
7.44%
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%
$863,200
$863.2K
Cap Rate 7%
$616,571
$616.6K
Cap Rate 9%
$479,556
$479.6K
Market Conditions
NOI Build-Up for 2,152 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
$65.9K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.7K $28.65/SF
− OpEx
−$18.5K −$8.60/SF
NOI
$43.2K $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%
$863,200
Cap Rate 7%
$616,571
Cap Rate 9%
$479,556
Alternative Uses
Best Use
Multifamily LT 5
$616.6K
$539.5K – $719.3K
NOI $43,160 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$567.9K
$496.9K – $662.6K
NOI $39,755 @ 7.0% cap · market cap 6.85%
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,683 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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 - For sale duplex on a corner double-size lot featuring two 2-bedroom, 1-bath units.
Where is this duplex located?
The property is located at 1100 NW 57th St Miami, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Duplex on a corner double‑size lot with two 2‑bedroom, 1‑bath units; Zoned MULTIFAMILY 2‑9 UNITS : 2 LIVING UNITS; One unit renovated about 3 years ago with updated kitchen and flooring
