Stunning Duplex in Miami-Dade
For Sale
$685,000
1230 NE 148th St, Miami, FL 33161
Duplex in Miami-Dade County with renovation and growth potential.
Property Size1,920 SF
Days on Market315
Property Features for 1230 NE 148th St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$9,003
Building Details
Building Size
1,920 SF
Year Built
1956
Stories
1
Listing Agency:
Century 21 King Realty
Listed By:
Jacky Sainvil · License #3356202
(305) 744-2012
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 25
Last Checked: Oct 7 at 12:13PM
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 Century 21 King Realty
Investment Insights
Based on property information with market context.
This duplex is located in unincorporated Miami-Dade County. One unit, configured as a 3-bedroom, 2-bathroom layout, has been completely renovated. The second unit, configured as a 2-bedroom, 1-bathroom layout, is in fair condition. The property is a cash-generating asset with potential for increased returns.
Key Highlights
- Completely renovated 3/2 unit offers modern living and immediate appeal.
- Duplex property provides immediate rental income potential.
- Unincorporated Miami‑Dade County location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,507
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,140
$770.1K
Cap Rate 7%
$550,100
$550.1K
Cap Rate 9%
$427,856
$427.9K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$58.8K $30.60/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$55.0K $28.65/SF
− OpEx
−$16.5K −$8.60/SF
NOI
$38.5K $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%
$770,140
Cap Rate 7%
$550,100
Cap Rate 9%
$427,856
Alternative Uses
Best Use
Multifamily LT 5
$550.1K
$481.3K – $641.8K
NOI $38,507 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$506.7K
$443.4K – $591.2K
NOI $35,469 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$1.30M
$1.13M – $1.51M
NOI $90,721 @ 7.0% cap · market cap 13.24%
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
577
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
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 in Miami-Dade County with renovation and growth potential.
Where is this duplex located?
The property is located at 1230 NE 148th St Miami, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Completely renovated 3/2 unit offers modern living and immediate appeal.; Duplex property provides immediate rental income potential.; Unincorporated Miami‑Dade County location.
