Building Details

Building Size 1,800 SF

Year Built 1952

Listing Agency: The Real Estate Lab, Inc.

Listed By: Yaacov Poston · License #3334388 Show Phone

Source: Relinkre

Added: Feb 26 Changed: Oct 9 Last Checked: Oct 15 at 4:59AM

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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 The Real Estate Lab, Inc.

Investment Insights

Based on property information with market context.

This duplex contains two residential units, each with 2 full bathrooms, central A/C, an open kitchen, and abundant natural light. Impact windows and on-site parking add practical features, while both units are described as move-in ready. The property was built in 1952 and has undergone extensive updating and ongoing maintenance.

Located at 11919 NE 8th Ave in Biscayne Park, the property sits on a quiet, tree-lined street with a wide grassy median. Its two-unit configuration supports continued rental use and may also suit an owner-occupant seeking a residence with rental income potential.

Key Highlights

• Two‑unit duplex with 2 full bathrooms in each unit
• 1,800 property size
• Central A/C and open kitchens in both units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,006

Cap Rate

3.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$600,120 $600.1K

Cap Rate 7%

$428,657 $428.7K

Cap Rate 9%

$333,400 $333.4K

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$45.4K $25.20/SF

− Vacancy

−$2.5K −$1.39/SF

EGI

$42.9K $23.81/SF

− OpEx

−$12.9K −$7.14/SF

NOI

$30.0K $16.67/SF

Area

Miami-Dade County, FL

Vacancy

5.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$600,120

Cap Rate 7%

$428,657

Cap Rate 9%

$333,400

Alternative Uses

Best Use

Multifamily LT 5

$428.7K

$375.1K – $500.1K (±1% cap)

NOI $30,006 @ 7.0% cap · market cap 3.24%

Second Best

Apartment 5plus

$395.5K

$346.0K – $461.4K (±1% cap)

NOI $27,683 @ 7.0% cap · market cap 2.99%

Theoretical Best

Office A

$913.2K

$799.1K – $1.07M (±1% cap)

NOI $63,925 @ 7.0% cap · market cap 6.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Cafe & Coffee Shop Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,997

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer open kitchens, central A/C, full bathrooms, and on-site parking.

Where is this duplex located?

The property is located at 11919 NE 8th Ave Biscayne Park, FL.

What is the asking price?

The asking price for this property is $925,000.

What are key features of this property?

This property features: Two‑unit duplex with 2 full bathrooms in each unit; 1,800 property size; Central A/C and open kitchens in both units