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Remodeled Duplex with Income Potential

1173 NW 65th St Miami, FL 33150

1173 NW 65th St, Miami, FL, 33150
$575,000
For Sale
Claim this Listing
$575,000

Duplex featuring a remodeled unit and tenant-occupied unit.

Property Size1,525 SF
Price / SF$377.05
AddedMay 7, 2025
Days on Market436
Last RefreshJul 16 at 7:11 am

Property Features for 1173 NW 65th St

General Information

Standard status
Active
Size
1,525 SF
Property subtype
Multi Family

Building Details

Year Built
1980

Listing office Florida Management & Investmen

Listing date May 7, 2025

Source Exitrealty

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 Florida Management & Investmen


Investment Insights

Based on property information with market context.

This duplex property includes two separate units. The front unit has been remodeled into a 2-bedroom, 1-bathroom home featuring modern finishes and an in-unit laundry. The rear unit is currently tenant-occupied and in livable condition, although it has not been remodeled. A patio is located at the back of the unit. This property presents an opportunity for investors or owner-occupants seeking rental income.

Key Highlights

  • Two separate units offer flexibility for owner‑occupancy with rental income or investment purposes.
  • Front unit is beautifully remodeled with modern finishes.
  • Front unit includes the convenience of in‑unit laundry.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $46.7k $30.60
− Vacancy −$3.0k −$1.95
EGI $43.7k $28.65
− OpEx −$13.1k −$8.60
NOI $30.6k $20.06
1,525 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$436.9K
$382.3K – $509.8K (±1% cap)
NOI $30,585 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$402.5K
$352.2K – $469.5K (±1% cap)
NOI $28,172 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$1.03M
$900.7K – $1.20M (±1% cap)
NOI $72,057 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Law Firm Cafe & Coffee Shop Florist Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher Acupuncture Pet Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex featuring a remodeled unit and tenant-occupied unit.
Where is this duplex located?
The property is located at 1173 NW 65th St Miami, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two separate units offer flexibility for owner‑occupancy with rental income or investment purposes.; Front unit is beautifully remodeled with modern finishes.; Front unit includes the convenience of in‑unit laundry.
Contact an agent
More about this property
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