Duplex Income Property
1128 NW 101st St Miami, FL 33150
For Sale
Contact for pricing
Two-unit duplex featuring a 3-bedroom/2-bath unit and a 2-bedroom/1-bath unit on a spacious lot.
Property Size1,696 SF
Price / SF$410.97
Days on Market163
Property Features for 1128 NW 101st St
General Information
- Standard status
- Active
- Size
- 1,696 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing Agency:
Canvas Real Estate
(786) 520-7827
Listed By:
Maria Candelaria Barrera · License #3353031
Source:
Crexi
Added: Feb 11
Changed: Jul 20
Last Checked: Jul 23 at 4:59AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.9k | $30.60 |
| − Vacancy | −$3.3k | −$1.95 |
| EGI | $48.6k | $28.65 |
| − OpEx | −$14.6k | −$8.60 |
| NOI | $34.0k | $20.06 |
1,696 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$485.9K
$425.2K – $566.9K
NOI $34,014 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$447.6K
$391.6K – $522.2K
NOI $31,331 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$1.14M
$1.00M – $1.34M
NOI $80,137 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 $697,000.
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
