Remodeled Duplex with Rental
For Sale
$525,000
1173 NW 65th St, Miami, FL 33150
Duplex featuring a remodeled unit and tenant-occupied unit.
Property Size1,525 SF
Days on Market315
Property Features for 1173 NW 65th St
General Information
Standard status
Active
Size
1,525 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$6,778
Building Details
Building Size
1,525 SF
Year Built
1980
Stories
1
Listing Agency:
Florida Management & Investmen
Listed By:
Carina Ledesma Valva · License #3365476
(786) 227-0928
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 13 at 10:39AM
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 Florida Management & Investmen
Investment Insights
Based on property information with market context.
This duplex property includes two separate units. The front unit has been remodeled into a 2-bedroom, 1-bathroom home featuring modern finishes and the convenience of in-unit laundry. The rear unit is currently tenant-occupied and in livable condition, although it has not been remodeled. A patio is located at the back of the unit. This property presents an opportunity for investors or owner-occupants seeking additional rental income.
Key Highlights
- Two separate units offer flexibility for owner‑occupancy with rental income potential or investment purposes.
- Front unit is beautifully remodeled with modern finishes.
- Front unit includes the convenience of in‑unit laundry.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,585
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,700
$611.7K
Cap Rate 7%
$436,929
$436.9K
Cap Rate 9%
$339,833
$339.8K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$46.7K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$43.7K $28.65/SF
− OpEx
−$13.1K −$8.60/SF
NOI
$30.6K $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%
$611,700
Cap Rate 7%
$436,929
Cap Rate 9%
$339,833
Alternative Uses
Best Use
Multifamily LT 5
$436.9K
$382.3K – $509.8K
NOI $30,585 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$402.5K
$352.2K – $469.5K
NOI $28,172 @ 7.0% cap · market cap 5.37%
Theoretical Best
Specialty Retail
$1.03M
$900.7K – $1.20M
NOI $72,057 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,333
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 - Duplex featuring a remodeled unit and tenant-occupied unit.
Where is this duplex located?
The property is located at 1173 NW 65th St Miami, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two separate units offer flexibility for owner‑occupancy with rental income potential or investment purposes.; Front unit is **beautifully remodeled with modern finishes.**; Front unit includes the convenience of in‑unit laundry.**
