Duplex with Private
For Sale
$700,000
Pending
1221 NW 50th St, Miami, FL 33142
Residential Income, Miami, FL
Property Size2,466 SF
Lot Size0.17 Acres
Days on Market56
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
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3
Parking
4
Subdivision
PALM PARK AMD
Lot features
Interior Lot, Rectangular Lot, < 1/4 Acre
Standard status
Pending
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
Ceiling Fan(s), Zoned
Building Details
Year built
1955
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
CBSConcreteBlockStructure, Block, Stucco
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Gustavo Landaeta Leal · License #3469045
(786) 329-2218
Added: Aug 19
Changed: Oct 10
Last Checked: Oct 13 at 6:06AM
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.
Built in 1955, this 2,466-square-foot duplex sits on an approximately 7,277-square-foot lot. Each side has a two-bedroom, one-bathroom layout, plus a separate one-bedroom, one-bathroom living area with private access. Multiple entrances and parking at both the front and rear serve the property. The interiors are mostly in original condition. The roof and water heater were installed in 2023.
Some occupied portions are leased month-to-month. The property also has zoned cooling, ceramic tile flooring, cable availability, and public sewer.
Some occupied portions are leased month-to-month. The property also has zoned cooling, ceramic tile flooring, cable availability, and public sewer.
Key Highlights
- 2,466‑square‑foot duplex on an approximately 7,277‑square‑foot lot
- Each side includes a 2‑bedroom, 1‑bathroom layout and a separate 1‑bedroom, 1‑bathroom area with private access
- Front and rear parking, with multiple private entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,457
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 separate sides provide additional living areas with their own access and front and rear parking.
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 on an approximately 7,277‑square‑foot lot; Each side includes a 2‑bedroom, 1‑bathroom layout and a separate 1‑bedroom, 1‑bathroom area with private access; Front and rear parking, with multiple private entrances
