Duplex With Private
New
For Sale
$700,000
1221 NW 50th Street, Miami, FL 33142
Two residences offer flexible bedroom layouts, individual access points, and parking at both the front and rear.
Property Size2,652 SF
Lot Size0.17 Acres
Price / SF$283.86
Days on Market3
Property Features for 1221 NW 50th Street
General Information
Standard status
Active
Size
2,652 SF
Total Parking Spaces
4
Lot size
0.17 Acres
Property subtype
Residential Income
Zoning
0104
Property Condition
Severity
Repairs Needed
Evidence
Mostly in original condition
Taxes and HOA fees
Annual Taxes
$10,193
Building Details
Building Size
2,652 SF
Year Built
1955
Stories
1
Listing Agency:
EXP Realty LLC
(786) 329-2218
Listed By:
Gustavo Landaeta Leal · License #3469045
(786) 329-2218
Source:
Laerrealty
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 23 at 2:53AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains 2,466 square feet on an approximately 7,277-square-foot lot. Each side includes a two-bedroom, one-bathroom arrangement along with an additional one-bedroom, one-bathroom living area accessed privately. Multiple entrances support separation between the individual areas, while parking is provided at the front and rear of the property.
Built in 1955, the property is largely in original condition. Rented portions are occupied on a month-to-month basis. The property is located at 1221 NW 50th Street in Miami, Florida, with zoning identified as 0104. Buyers and their agents should verify the configuration, permitted use, zoning, square footage, and rental information.
Built in 1955, the property is largely in original condition. Rented portions are occupied on a month-to-month basis. The property is located at 1221 NW 50th Street in Miami, Florida, with zoning identified as 0104. Buyers and their agents should verify the configuration, permitted use, zoning, square footage, and rental information.
Key Highlights
- 2,466‑square‑foot duplex on an approximately 7,277‑square‑foot lot
- Each side includes a 2‑bedroom, 1‑bathroom layout plus a 1‑bedroom, 1‑bathroom living area
- Multiple private entrances provide separate access to living areas
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
$49,457
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
7.07%
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%
$989,140
$989.1K
Cap Rate 7%
$706,529
$706.5K
Cap Rate 9%
$549,522
$549.5K
Market Conditions
NOI Build-Up for 2,466 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
$75.5K $30.60/SF
− Vacancy
−$4.8K −$1.95/SF
EGI
$70.7K $28.65/SF
− OpEx
−$21.2K −$8.60/SF
NOI
$49.5K $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 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%
$989,140
Cap Rate 7%
$706,529
Cap Rate 9%
$549,522
Alternative Uses
Best Use
Multifamily LT 5
$706.5K
$618.2K – $824.3K
NOI $49,457 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$650.8K
$569.4K – $759.3K
NOI $45,555 @ 7.0% cap · market cap 6.51%
Theoretical Best
Specialty Retail
$1.66M
$1.46M – $1.94M
NOI $116,520 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer flexible bedroom layouts, individual access points, and parking at both the front and rear.
Where is this duplex located?
The property is located at 1221 NW 50th Street Miami, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,466‑square‑foot duplex on an approximately 7,277‑square‑foot lot; Each side includes a 2‑bedroom, 1‑bathroom layout plus a 1‑bedroom, 1‑bathroom living area; Multiple private entrances provide separate access to living areas
