Duplex Income Property
For Sale
$685,000
1128 NW 101st St, Miami, FL 33150
Two-unit duplex featuring a 3-bedroom/2-bath unit and a 2-bedroom/1-bath unit on a spacious lot.
Property Size1,552 SF
Price / SF$441.37
Days on Market256
Property Features for 1128 NW 101st St
General Information
Standard status
Active
Size
1,552 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,740
Building Details
Building Size
1,552 SF
Year Built
1957
Listing Agency:
Canvas Real Estate
Listed By:
Maria Barrera · License #3353031
(786) 520-7827
Source:
Casacollectiongroup
Added: Feb 11
Changed: Oct 13
Last Checked: Oct 25 at 12:07AM
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 Canvas Real Estate
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Investment Insights
Based on property information with market context.
This duplex offers two separate residential units: one 3-bedroom/2-bath unit and one 2-bedroom/1-bath unit. The property sits on a spacious lot and totals approximately 1,696 square feet, providing a straightforward two-residence income setup.
The property is located at 1128 NW 101st St in Miami, Florida, with easy access to major roads, shopping, and public transportation. The seller notes the site offers strong rental potential and long-term appreciation.
For sale as a multifamily/residential income property, the duplex provides a clear unit mix for prospective owners evaluating a two-unit investment structure.
The property is located at 1128 NW 101st St in Miami, Florida, with easy access to major roads, shopping, and public transportation. The seller notes the site offers strong rental potential and long-term appreciation.
For sale as a multifamily/residential income property, the duplex provides a clear unit mix for prospective owners evaluating a two-unit investment structure.
Key Highlights
- Duplex built in 1957 with two rental units: one 3‑bedroom/2‑bath and one 2‑bedroom/1‑bath
- Two‑unit layout provides income‑focused ownership with separate unit bedroom and bathroom counts
- Spacious lot associated with the property and described as having rental potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,126
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,520
$622.5K
Cap Rate 7%
$444,657
$444.7K
Cap Rate 9%
$345,844
$345.8K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$47.5K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$44.5K $28.65/SF
− OpEx
−$13.3K −$8.60/SF
NOI
$31.1K $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%
$622,520
Cap Rate 7%
$444,657
Cap Rate 9%
$345,844
Alternative Uses
Best Use
Multifamily LT 5
$444.7K
$389.1K – $518.8K
NOI $31,126 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.9K
NOI $28,671 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
994
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex featuring a 3-bedroom/2-bath unit and a 2-bedroom/1-bath unit on a spacious lot.
Where is this duplex located?
The property is located at 1128 NW 101st St Miami, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Duplex built in 1957 with two rental units: one 3‑bedroom/2‑bath and one 2‑bedroom/1‑bath; Two‑unit layout provides income‑focused ownership with separate unit bedroom and bathroom counts; Spacious lot associated with the property and described as having rental potential
