Duplex With Two Private
1262 - 1264 NW 46th St Miami, FL 33142
1262 - 1264 NW 46th St, Miami, FL, 33142
$499,000
For Sale
$499,000
Four-bedroom duplex with tile floors, central AC, laundry room, and two private yards, each served by separate utilities.
Property Size1,874 SF
Price / SF$266.28
Days on Market136
Property Features for 1262 - 1264 NW 46th St
General Information
- Standard status
- Active
- Size
- 1,874 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1959
Listing agency
Lexico Realty Inc
(954) 328-6498
Listed by
Alejandro Patino · License #A12023395
(954) 328-6498
Source
Xome
Added: Mar 8 Updated: Jul 21 at 7:17PM Checked: Jul 22 at 3:50AM
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 Lexico Realty Inc
Investment Insights
Based on property information with market context.
This 4-bedroom, 2-bath duplex is set up as two separate residences. Each unit offers tiled flooring and a modern kitchen, and the property includes central A/C plus a laundry room. Both units have separate electric and water meters, with water heaters in each unit, and there are two private storage areas (one per residence). Outdoor space is divided into two private yards, enclosed with an aluminum modular fence.
Unit 1262 is configured with 2 bedrooms and 1 bathroom. Unit 1264 also has 2 bedrooms and 1 bathroom, with a private entrance and dedicated parking.
The property is listed under T3-0 zoning and provides ample on-site parking. The seller also notes convenient highway access and an approximate 15-minute commute to many major Miami destinations, with the home described as being near the Design District and minutes to Downtown, Buena Vista, and Miami Beach.
Unit 1262 is configured with 2 bedrooms and 1 bathroom. Unit 1264 also has 2 bedrooms and 1 bathroom, with a private entrance and dedicated parking.
The property is listed under T3-0 zoning and provides ample on-site parking. The seller also notes convenient highway access and an approximate 15-minute commute to many major Miami destinations, with the home described as being near the Design District and minutes to Downtown, Buena Vista, and Miami Beach.
Key Highlights
- 4‑bedroom, 2‑bath duplex built in 1959 with two 2‑bedroom/1‑bath units (1262 and 1264).
- Each unit has separate electric and water meters, plus its own water heater.
- Central AC, tile floors, and a laundry room included.
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 | $57.3k | $30.60 |
| − Vacancy | −$3.7k | −$1.95 |
| EGI | $53.7k | $28.65 |
| − OpEx | −$16.1k | −$8.60 |
| NOI | $37.6k | $20.06 |
1,874 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$536.9K
$469.8K – $626.4K
NOI $37,584 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$494.6K
$432.7K – $577.0K
NOI $34,619 @ 7.0% cap · market cap 6.94%
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.48M
NOI $88,547 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Four-bedroom duplex with tile floors, central AC, laundry room, and two private yards, each served by separate utilities.
Where is this duplex located?
The property is located at 1262 - 1264 NW 46th St Miami, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4‑bedroom, 2‑bath duplex built in 1959 with two 2‑bedroom/1‑bath units (1262 and 1264).; Each unit has separate electric and water meters, plus its own water heater.; Central AC, tile floors, and a laundry room included.
