Duplex with Updated
New
For Sale
$699,999
1102 NW 103rd St, Miami, FL 33150
Interior improvements include renovated bathrooms and stainless steel appliances.
Property Size2,195 SF
Days on Market5
Property Features for 1102 NW 103rd St
General Information
Standard status
Active
Size
2,195 SF
Property subtype
Duplex
Financials
Gross Income
$80,100
Opportunity Zone
Yes
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,594
Building Details
Building Size
2,195 SF
Year Built
1945
Listing Agency:
The Keyes Company
Listed By:
Kelvin Ching · License #3298166
(954) 249-8129
Source:
Miamibrokersgroup
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 7 at 3:21PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This 2,195-square-foot property was built in 1945 and is legally recognized as a duplex. Its interiors have been updated, with modern finishes, stainless steel appliances, and renovated bathrooms. The property is currently arranged, used, and rented as three separate units, while its legal recognition remains that of a duplex; buyers should verify current and future use independently.
The building occupies a corner lot in Miami’s Pinewood neighborhood and is within a federally designated Opportunity Zone. The seller has cleared all property violations.
The building occupies a corner lot in Miami’s Pinewood neighborhood and is within a federally designated Opportunity Zone. The seller has cleared all property violations.
Key Highlights
- Legally recognized duplex currently configured, used, and rented as three separate units
- 2,195 square feet; built in 1945
- Corner lot in Miami’s Pinewood neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,022
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,440
$880.4K
Cap Rate 7%
$628,886
$628.9K
Cap Rate 9%
$489,133
$489.1K
Market Conditions
NOI Build-Up for 2,195 SF
Gross rent
$67.2K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$62.9K $28.65/SF
− OpEx
−$18.9K −$8.60/SF
NOI
$44.0K $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%
$880,440
Cap Rate 7%
$628,886
Cap Rate 9%
$489,133
Alternative Uses
Best Use
Multifamily LT 5
$628.9K
$550.3K – $733.7K
NOI $44,022 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$579.3K
$506.9K – $675.8K
NOI $40,549 @ 7.0% cap · market cap 5.79%
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,715 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Check the figures for this property
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 - Interior improvements include renovated bathrooms and stainless steel appliances.
Where is this duplex located?
The property is located at 1102 NW 103rd St Miami, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Legally recognized duplex currently configured, used, and rented as three separate units; 2,195 square feet; built in 1945; Corner lot in Miami’s Pinewood neighborhood
