Duplex with Private
New
For Sale
$700,000
1221 NW 50th St, Miami, FL 33142
Residential Income, Miami, FL
Property Size2,466 SF
Lot Size0.17 Acres
Price / SF$283.86
Days on Market5
Property Features for 1221 NW 50th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
0104
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
Parking
4
Subdivision
PALM PARK AMD
Lot features
Interior Lot, Rectangular Lot, < 1/4 Acre
Standard status
Active
APN
01-31-23-012-1380
Size
2,466 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
23 53 41 PALM PARK AMD PB 7-43 E1/2 LOT 23 & ALL LOT 24 BLK 9 LOT SIZE 69.300 X 105 OR 19358-4470 11 2000 1
Tax Annual Amount
10193
Legal Description
23 53 41 PALM PARK AMD PB 7-43 E1/2 LOT 23 & ALL LOT 24 BLK 9 LOT SIZE 69.300 X 105 OR 19358-4470 11 2000 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Zoned, Ceiling Fan(s)
Building Details
Year built
1955
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Gustavo Landaeta Leal · License #3469045
(786) 329-2218
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 23 at 8:06PM
MLS# A12073585
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1955 duplex contains 2,466 square feet and is arranged as two separately accessed residences. Each side includes two bedrooms and one bathroom, along with an additional one-bedroom, one-bathroom living area with its own private access. The property is mostly in original condition and features block and stucco construction, ceramic tile flooring, zoned cooling, and ceiling fans. The roof and water heater were replaced in 2023.
A lot of approximately 7,277 square feet provides parking at the front and rear. Portions of the property are occupied under month-to-month arrangements. Public sewer service is available, along with cable service.
A lot of approximately 7,277 square feet provides parking at the front and rear. Portions of the property are occupied under month-to-month arrangements. Public sewer service is available, along with cable service.
Key Highlights
- 2,466‑square‑foot duplex built in 1955
- Each side has 2 bedrooms, 1 bathroom, plus an additional 1‑bedroom, 1‑bathroom living area
- Approximately 7,277 square‑foot lot with front and rear parking
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed residences include flexible bedroom and living-area arrangements, with parking at both the front and rear.
Where is this duplex located?
The property is located at 1221 NW 50th St 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 built in 1955; Each side has 2 bedrooms, 1 bathroom, plus an additional 1‑bedroom, 1‑bathroom living area; Approximately 7,277 square‑foot lot with front and rear parking
