Two-Unit Residential
For Sale
$650,000
126 NW 118th Street, Miami, FL 33168
Two residences occupy one property, with a substantial lot supporting the duplex configuration.
Property Size1,716 SF
Lot Size0.24 Acres
Price / SF$378.79
Days on Market15
Property Features for 126 NW 118th Street
General Information
Standard status
Active
Size
1,716 SF
Lot size
0.24 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,462
Building Details
Building Size
1,716 SF
Year Built
1947
Listing Agency:
INMO Brokers Group, LLC.
Listed By:
Gerry A. Young · License #3479766
(786) 450-0792
Source:
Silverleafrealtygroup
Added: Oct 7
Changed: Oct 19
Last Checked: Oct 21 at 4:46AM
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 INMO Brokers Group, LLC.
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Investment Insights
Based on property information with market context.
This Miami duplex contains two residential units with approximately 1,716 square feet of living area. The property occupies an approximately 10,575-square-foot lot and was built in 1947.
The two units are addressed at 126 and 128 NW 118th Street. The property is in a residential neighborhood, with shopping, dining, schools, public transportation, major roadways, and employment centers identified nearby.
The two units are addressed at 126 and 128 NW 118th Street. The property is in a residential neighborhood, with shopping, dining, schools, public transportation, major roadways, and employment centers identified nearby.
Key Highlights
- Two residential units at 126 and 128 NW 118th Street
- Approximately 1,716 SF of living area
- Approximately 10,575 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,415
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,300
$688.3K
Cap Rate 7%
$491,643
$491.6K
Cap Rate 9%
$382,389
$382.4K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$52.5K $30.60/SF
− Vacancy
−$3.3K −$1.95/SF
EGI
$49.2K $28.65/SF
− OpEx
−$14.7K −$8.60/SF
NOI
$34.4K $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%
$688,300
Cap Rate 7%
$491,643
Cap Rate 9%
$382,389
Alternative Uses
Best Use
Multifamily LT 5
$491.6K
$430.2K – $573.6K
NOI $34,415 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$452.9K
$396.3K – $528.3K
NOI $31,700 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,082 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences occupy one property, with a substantial lot supporting the duplex configuration.
Where is this duplex located?
The property is located at 126 NW 118th Street Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two residential units at 126 and 128 NW 118th Street; Approximately 1,716 SF of living area; Approximately 10,575 SF lot
