Duplex with Renovated
For Sale
$685,000
1230 Northeast 148th Street, Miami, FL 33161
The property combines a fully renovated residence with a second unit in fair condition.
Property Size1,920 SF
Price / SF$356.77
Days on Market447
Property Features for 1230 Northeast 148th Street
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Family Income / Duplex
Property Condition
Severity
Repairs Needed
Evidence
fair condition
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,003
Building Details
Year Built
1956
Listing Agency:
Century 21 King Realty
Listed By:
Jacky Sainvil · License #3356202
(305) 651-6161
Source:
Compass
Added: Aug 1, 2025
Changed: Oct 21
Last Checked: Oct 21 at 12:01AM
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
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Investment Insights
Based on property information with market context.
This duplex contains 1,920 square feet and was built in 1956. The two residences offer different physical profiles: one is a fully renovated three-bedroom, two-bath unit, while the other is a two-bedroom, one-bath unit described as being in fair condition.
The property is located at 1230 Northeast 148th Street in Miami, Florida 33161, within the unincorporated Miami-Dade County area. Its existing duplex configuration provides two separate residential units within one property, with improvements completed on one side and additional condition considerations on the other.
The property is located at 1230 Northeast 148th Street in Miami, Florida 33161, within the unincorporated Miami-Dade County area. Its existing duplex configuration provides two separate residential units within one property, with improvements completed on one side and additional condition considerations on the other.
Key Highlights
- Duplex with 1,920 square feet
- One 3/2 unit has been completely renovated
- Second unit is a 2/1 in fair condition
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
379
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
Frequently Asked Questions
What type of property is this?
Duplex - The property combines a fully renovated residence with a second unit in fair condition.
Where is this duplex located?
The property is located at 1230 Northeast 148th Street 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: Duplex with 1,920 square feet; One 3/2 unit has been completely renovated; Second unit is a 2/1 in fair condition
