Block Duplex with Two Rental
For Sale
$690,000
1128 NW 101st St, Miami, FL 33150
MULTI_FAMILY - Miami, FL
Property Size1,552 SF
Price / SF$444.59
Days on Market77
Property Features for 1128 NW 101st St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Parking
4
Subdivision
2ND
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
30-31-02-007-0541
Size
1,552 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
2ND RESUB N SILVER CREST PB 40-24 LOT 2 BLK 5 LOT SIZE 100.000 X 106 OR 20598-0531 0602 5
Tax Annual Amount
7740
Legal Description
2ND RESUB N SILVER CREST PB 40-24 LOT 2 BLK 5 LOT SIZE 100.000 X 106 OR 20598-0531 0602 5
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1957
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle
Listing Agency:
Canvas Real Estate
(954) 332-7121
Listed By:
Maria Barrera · License #3353031
(786) 520-7827
Added: Jun 1
Changed: Aug 1
Last Checked: Aug 16 at 10:06AM
MLS# A11963371
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex features two separate residential units within a block-built structure. The property includes a three-bedroom, two-bath unit and a two-bedroom, one-bath unit, providing a straightforward layout for rental use. Interior finishes include vinyl flooring, with electric heating and electric cooling serving the home. The roof is shingle, and the property is serviced by a septic tank.
Built in 1957, the duplex sits on a 1,552 SF property size and is located at 1128 NW 101st St in Miami, FL 33150 (Miami-Dade County). The location offers convenient access to major roads, shopping, and public transportation, supporting day-to-day tenant needs.
With two unit configurations on one site, this duplex can be considered for investors seeking a multi-unit rental setup in a residential area.
Built in 1957, the duplex sits on a 1,552 SF property size and is located at 1128 NW 101st St in Miami, FL 33150 (Miami-Dade County). The location offers convenient access to major roads, shopping, and public transportation, supporting day-to-day tenant needs.
With two unit configurations on one site, this duplex can be considered for investors seeking a multi-unit rental setup in a residential area.
Key Highlights
- 1,552 SF duplex property size
- Two units: 3‑bedroom/2‑bath and 2‑bedroom/1‑bath
- Block construction with vinyl 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
$31,126
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
4.51%
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%
$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
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
$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 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%
$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 4.51%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.9K
NOI $28,671 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
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 - Block-built duplex with two separate units, electric systems, and shingle roof on a septic-tank site.
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 $690,000.
What are key features of this property?
This property features: 1,552 SF duplex property size; Two units: 3‑bedroom/2‑bath and 2‑bedroom/1‑bath; Block construction with vinyl flooring
