Duplex with Spacious Living
For Sale
$750,000
1290 NE 110th Street, Miami, FL 33161
Duplex for sale featuring large rooms and spacious living areas, with an additional duplex also available next door.
Property Size1,882 SF
Price / SF$398.51
Days on Market51
Property Features for 1290 NE 110th Street
General Information
Standard status
Active
Size
1,882 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1988
Listing Agency:
RE/MAX Advance Realty II
(305) 251-2127
Listed By:
Issabella Silverstein · License #0626609
(305) 775-1148
Source:
Lehmannflorida
Added: Jul 22
Changed: Sep 9
Last Checked: Sep 9 at 7:26AM
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 RE/MAX Advance Realty II
Investment Insights
Based on property information with market context.
This duplex for sale offers a residential income configuration with large rooms and spacious living areas. The property is presented as a must-see opportunity, and it is being offered with an additional duplex next door for buyers looking to expand their portfolio.
Located at 1290 NE 110th Street in Miami, Florida 33161, the offering is positioned as a straightforward duplex purchase within the same immediate area.
If you’re comparing income properties, this duplex’s overall layout is highlighted around room size and living space, while the availability of a neighboring duplex may support buyers interested in acquiring more than one residential income asset.
Located at 1290 NE 110th Street in Miami, Florida 33161, the offering is positioned as a straightforward duplex purchase within the same immediate area.
If you’re comparing income properties, this duplex’s overall layout is highlighted around room size and living space, while the availability of a neighboring duplex may support buyers interested in acquiring more than one residential income asset.
Key Highlights
- Duplex built in 1988
- Offers large rooms and spacious living areas
- An additional duplex is also available for sale next door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,745
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$754,900
$754.9K
Cap Rate 7%
$539,214
$539.2K
Cap Rate 9%
$419,389
$419.4K
Market Conditions
NOI Build-Up for 1,882 SF
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.
Gross rent
$57.6K $30.60/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$53.9K $28.65/SF
− OpEx
−$16.2K −$8.60/SF
NOI
$37.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$754,900
Cap Rate 7%
$539,214
Cap Rate 9%
$419,389
Alternative Uses
Best Use
Multifamily LT 5
$539.2K
$471.8K – $629.1K
NOI $37,745 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$496.7K
$434.6K – $579.5K
NOI $34,767 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,925 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,049
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale featuring large rooms and spacious living areas, with an additional duplex also available next door.
Where is this duplex located?
The property is located at 1290 NE 110th Street Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Duplex built in 1988; Offers large rooms and spacious living areas; An additional duplex is also available for sale next door
