Income-Producing Duplex
For Sale
$837,000
Pending
1419 SW 76th Ct, Miami, FL 33144
Fully income-producing duplex with two units and private entrances, generating combined projected monthly rental income.
Property Size2,247 SF
Days on Market70
Property Features for 1419 SW 76th Ct
General Information
Standard status
Pending
Size
2,247 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,858
Building Details
Building Size
2,247 SF
Year Built
1958
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Orelvys Sanabria · License #3046618
(305) 305-8003
Source:
Relinkre
Added: Jul 2
Changed: Sep 8
Last Checked: Sep 4 at 11:42AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This fully income-producing duplex features two separate units, each with its own private entrance. The larger unit offers 3 bedrooms and 2 bathrooms with projected monthly rental income of $3,500. The second unit is a 1-bedroom, 1-bathroom layout with projected monthly rental income of $1,500.
Located at 1419 SW 76th Ct in Miami, the property provides convenient access to major routes including the Palmetto Expressway and US-1. It is also positioned near Coral Gables and the University of Miami, with nearby access to Bird Road retail, local schools, and parks.
Each unit is configured as a separate rental space, supporting a straightforward duplex setup for income generation.
Located at 1419 SW 76th Ct in Miami, the property provides convenient access to major routes including the Palmetto Expressway and US-1. It is also positioned near Coral Gables and the University of Miami, with nearby access to Bird Road retail, local schools, and parks.
Each unit is configured as a separate rental space, supporting a straightforward duplex setup for income generation.
Key Highlights
- Fully income‑producing duplex built in 1958 with 2 units and private entrances
- Larger unit: 3 bed, 2 bath, currently projected at $3,500/month in rental income
- Second unit: 1 bed, 1 bath, currently projected at $1,500/month in rental income
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
$45,065
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
5.38%
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%
$901,300
$901.3K
Cap Rate 7%
$643,786
$643.8K
Cap Rate 9%
$500,722
$500.7K
Market Conditions
NOI Build-Up for 2,247 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
$68.8K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$64.4K $28.65/SF
− OpEx
−$19.3K −$8.60/SF
NOI
$45.1K $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%
$901,300
Cap Rate 7%
$643,786
Cap Rate 9%
$500,722
Alternative Uses
Best Use
Multifamily LT 5
$643.8K
$563.3K – $751.1K
NOI $45,065 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$593.0K
$518.9K – $691.8K
NOI $41,510 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,172 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,963
Businesses Nearby
Explore this area
Business Placement
Demographics for 33144, FL
25,814
Population
9,665
Households
2.7
Avg Household Size
48
Median Age
28%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
8,327
Density / Sq Mi
$59,207
Median Household Income
$35,051
Median Earnings
$1,730
Median Rent
$440,600
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 - Fully income-producing duplex with two units and private entrances, generating combined projected monthly rental income.
Where is this duplex located?
The property is located at 1419 SW 76th Ct Miami, FL.
What is the asking price?
The asking price for this property is $837,000.
What are key features of this property?
This property features: Fully income‑producing duplex built in 1958 with 2 units and private entrances; Larger unit: 3 bed, 2 bath, currently projected at $3,500/month in rental income; Second unit: 1 bed, 1 bath, currently projected at $1,500/month in rental income
