Duplex With Private
For Sale
$499,900
Pending
139 NE 63rd Street, Miami, FL 33138
Two residential units provide separate entrances and distinct living spaces within one property.
Property Size1,265 SF
Days on Market195
Property Features for 139 NE 63rd Street
General Information
Standard status
Pending
Size
1,265 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,577
Building Details
Building Size
1,265 SF
Year Built
1953
Listing Agency:
Platinum Realty & Investments
Listed By:
Jodi Pollack · License #3300811
(954) 668-6398
Source:
Casacollectiongroup
Added: Apr 2
Changed: Oct 8
Last Checked: Oct 13 at 3:07AM
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 Platinum Realty & Investments
Investment Insights
Based on property information with market context.
This Miami duplex, constructed in 1953, contains two separate residential units with private entrances. The configuration offers distinct living spaces within a single residential income property and may suit an investor or an owner-occupant, as described in the listing information.
The property is located in Miami’s Little River/Little Haiti area, with access to Wynwood, the Design District, and major highways described as being minutes away. Its setting is also associated with ongoing redevelopment and nearby employment and entertainment destinations.
The property is located in Miami’s Little River/Little Haiti area, with access to Wynwood, the Design District, and major highways described as being minutes away. Its setting is also associated with ongoing redevelopment and nearby employment and entertainment destinations.
Key Highlights
- Two separate residential units within one duplex
- Private entrance for each unit
- Built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,370
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,400
$507.4K
Cap Rate 7%
$362,429
$362.4K
Cap Rate 9%
$281,889
$281.9K
Market Conditions
NOI Build-Up for 1,265 SF
Gross rent
$38.7K $30.60/SF
− Vacancy
−$2.5K −$1.95/SF
EGI
$36.2K $28.65/SF
− OpEx
−$10.9K −$8.60/SF
NOI
$25.4K $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%
$507,400
Cap Rate 7%
$362,429
Cap Rate 9%
$281,889
Alternative Uses
Best Use
Multifamily LT 5
$362.4K
$317.1K – $422.8K
NOI $25,370 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$333.8K
$292.1K – $389.5K
NOI $23,369 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$853.9K
$747.2K – $996.2K
NOI $59,772 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,323
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide separate entrances and distinct living spaces within one property.
Where is this duplex located?
The property is located at 139 NE 63rd Street Miami, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two separate residential units within one duplex; Private entrance for each unit; Built in 1953
