Renovated
New
For Sale
$889,000
1170 NE 112th Street, Miami, FL 33161
Both units have laundry rooms equipped with side-by-side washers and dryers.
Property Size2,328 SF
Price / SF$427.40
Days on Market2
Property Features for 1170 NE 112th Street
General Information
Standard status
Active
Size
2,328 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
5700
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,874
Building Details
Building Size
2,328 SF
Year Built
1976
Buildings
1
Stories
1
Listing Agency:
Beachfront Realty Inc
Listed By:
Dorina Palmieri · License #3182081
(786) 547-9116
Source:
Laerrealty
Added: Oct 24
Last Checked: Oct 24 at 3:18PM
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 Beachfront Realty Inc
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Investment Insights
Based on property information with market context.
This 2,080-square-foot duplex, built in 1976, has undergone renovation. Interior features include white wood kitchen cabinetry, quartz countertops, recessed lighting, ceiling fans, newer appliances and flooring, and tankless water heaters. The rear unit has a new AC system, and the attic is insulated. Hurricane shutters and new entry doors are also installed.
Each unit has a laundry room with side-by-side washer and dryer appliances. The exterior includes paved walkways, outdoor pavers, marked concrete parking spaces, and landscaping. Tenants are currently in place.
Each unit has a laundry room with side-by-side washer and dryer appliances. The exterior includes paved walkways, outdoor pavers, marked concrete parking spaces, and landscaping. Tenants are currently in place.
Key Highlights
- Duplex with 2,080 square feet; built in 1976
- Renovated interiors include quartz countertops and white wood kitchen cabinetry
- Tankless water heaters and laundry rooms with side‑by‑side washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,716
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,320
$834.3K
Cap Rate 7%
$595,943
$595.9K
Cap Rate 9%
$463,511
$463.5K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$63.6K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$59.6K $28.65/SF
− OpEx
−$17.9K −$8.60/SF
NOI
$41.7K $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%
$834,320
Cap Rate 7%
$595,943
Cap Rate 9%
$463,511
Alternative Uses
Best Use
Multifamily LT 5
$595.9K
$521.5K – $695.3K
NOI $41,716 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$548.9K
$480.3K – $640.4K
NOI $38,425 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,281 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
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Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
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 - Both units have laundry rooms equipped with side-by-side washers and dryers.
Where is this duplex located?
The property is located at 1170 NE 112th Street Miami, FL.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Duplex with 2,080 square feet; built in 1976; Renovated interiors include quartz countertops and white wood kitchen cabinetry; Tankless water heaters and laundry rooms with side‑by‑side washers and dryers
