Maintained Duplex with Private
1371 Northeast 150th Street Miami, FL 33161
For Sale
$599,000
Two 2/1 units each feature private entrances, utilities, and outdoor space in a well-maintained duplex.
Property Size1,500 SF
Price / SF$399.33
Days on Market288
Property Features for 1371 Northeast 150th Street
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1964
Listing Agency:
Quick 1 Realty Corp.
(786) 346-2702
Listed By:
Edelvis Negron · License #3138230
(786) 346-2702
Source:
Compass
Added: Oct 10, 2025
Changed: Jul 23
Last Checked: Jul 23 at 12:46PM
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 Quick 1 Realty Corp.
Investment Insights
Based on property information with market context.
This well-maintained duplex features two separate 2/1 units. Each unit has its own private entrance, utilities, and outdoor space, supporting flexible use as either a residential income property or a combination of independent living arrangements.
The property is positioned in a desirable neighborhood near schools, parks, shopping, and public transportation, with access to beaches and express ways.
Offered for sale with the convenience of two independent units and private outdoor areas tied to each unit.
The property is positioned in a desirable neighborhood near schools, parks, shopping, and public transportation, with access to beaches and express ways.
Offered for sale with the convenience of two independent units and private outdoor areas tied to each unit.
Key Highlights
- Well‑maintained duplex built in 1964 with 2/1 in each unit
- Two separate units with private entrances for each side
- Each unit includes its own utilities
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 | $45.9k | $30.60 |
| − Vacancy | −$2.9k | −$1.95 |
| EGI | $43.0k | $28.65 |
| − OpEx | −$12.9k | −$8.60 |
| NOI | $30.1k | $20.06 |
1,500 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$429.8K
$376.0K – $501.4K
NOI $30,083 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$395.9K
$346.4K – $461.8K
NOI $27,710 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$1.01M
$886.0K – $1.18M
NOI $70,876 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2/1 units each feature private entrances, utilities, and outdoor space in a well-maintained duplex.
Where is this duplex located?
The property is located at 1371 Northeast 150th Street Miami, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1964 with 2/1 in each unit; Two separate units with private entrances for each side; Each unit includes its own utilities
