Remodeled
For Sale
$615,000
1340 NW 102nd St, Miami, FL 33147
MULTI_FAMILY - Miami, FL
Property Size1,856 SF
Price / SF$331.36
Days on Market83
Property Features for 1340 NW 102nd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Parking
8
Subdivision
WEST SILVER CREST
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-02-006-0361
Size
1,856 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
WEST SILVER CREST PB 40-73 W1/2 LOT 3 BLK 4 LOT SIZE 75.000 X 106 OR 16612-0368 1194 4 COC 22950-1690 11 2004 1
Tax Annual Amount
6476
Legal Description
WEST SILVER CREST PB 40-73 W1/2 LOT 3 BLK 4 LOT SIZE 75.000 X 106 OR 16612-0368 1194 4 COC 22950-1690 11 2004 1
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Electric
Building Details
Year built
1955
Floors in Building
1
Flooring type
Laminate
Building materials
Block
Roof type
Flat, Tile
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Damian Gonzalez · License #3195877
(786) 208-1044
Added: May 25
Changed: Aug 2
Last Checked: Aug 15 at 8:06PM
MLS# A11995140
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Remodeled duplex at 1340 NW 102nd St, Miami, FL 33147, built in 1955 with block construction and approximately 1,856 SF total. The property includes two units, each configured with two bedrooms and one bathroom. Flooring is laminate, and the home features central heating and central air with electric cooling.
The duplex has a flat and tile roof and uses a septic tank for sewer. Utility metering includes 2-water meters and 2-electric (AS IS). Cable is available.
With two separate units and interior updates described as recently remodeled, the property is set up for straightforward tenant occupancy. The listing also notes central HVAC and modern updates throughout to support day-to-day livability.
The duplex has a flat and tile roof and uses a septic tank for sewer. Utility metering includes 2-water meters and 2-electric (AS IS). Cable is available.
With two separate units and interior updates described as recently remodeled, the property is set up for straightforward tenant occupancy. The listing also notes central HVAC and modern updates throughout to support day-to-day livability.
Key Highlights
- Approximately 1,856 SF remodeled duplex built in 1955
- Two units, each with two bedrooms and one bathroom
- Block construction with laminate flooring
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
$37,223
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
6.05%
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%
$744,460
$744.5K
Cap Rate 7%
$531,757
$531.8K
Cap Rate 9%
$413,589
$413.6K
Market Conditions
NOI Build-Up for 1,856 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
$56.8K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$53.2K $28.65/SF
− OpEx
−$16.0K −$8.60/SF
NOI
$37.2K $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%
$744,460
Cap Rate 7%
$531,757
Cap Rate 9%
$413,589
Alternative Uses
Best Use
Multifamily LT 5
$531.8K
$465.3K – $620.4K
NOI $37,223 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$489.8K
$428.6K – $571.5K
NOI $34,287 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,697 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recently remodeled duplex with two units, each offering two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 1340 NW 102nd St Miami, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Approximately 1,856 SF remodeled duplex built in 1955; Two units, each with two bedrooms and one bathroom; Block construction with laminate flooring
