Rented Duplex
For Sale
$619,900
1426 NE 134th Road, North Miami, FL 33161
Two residential units are currently rented within this established North Miami property.
Property Size2,018 SF
Days on Market205
Property Features for 1426 NE 134th Road
General Information
Standard status
Active
Size
2,018 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,175
Building Details
Building Size
2,018 SF
Year Built
1948
Listing Agency:
Platinum Realty & Investments
(954) 668-6398
Listed By:
Jodi Pollack · License #3300811
Source:
Marcelosteinmander
Added: Jan 20
Changed: Aug 11
Last Checked: Aug 13 at 11:54AM
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 duplex includes residences at 1424 and 1426 NE 134th Road, with both units currently rented. Built in 1948, the property offers an established residential configuration in North Miami and may appeal to buyers seeking an existing rental asset.
The property is situated near Biscayne Bay, beaches, shopping, dining, parks, schools, and major highways. Its North Miami setting places everyday services and regional access within the surrounding area.
The property is situated near Biscayne Bay, beaches, shopping, dining, parks, schools, and major highways. Its North Miami setting places everyday services and regional access within the surrounding area.
Key Highlights
- Two‑unit duplex at 1424 and 1426 NE 134th Road
- Both units are currently rented
- Built in 1948
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
$33,640
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
5.43%
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%
$672,800
$672.8K
Cap Rate 7%
$480,571
$480.6K
Cap Rate 9%
$373,778
$373.8K
Market Conditions
NOI Build-Up for 2,018 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
$50.9K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$48.1K $23.81/SF
− OpEx
−$14.4K −$7.14/SF
NOI
$33.6K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$672,800
Cap Rate 7%
$480,571
Cap Rate 9%
$373,778
Alternative Uses
Best Use
Multifamily LT 5
$480.6K
$420.5K – $560.7K
NOI $33,640 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$443.4K
$387.9K – $517.3K
NOI $31,035 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.02M
$895.8K – $1.19M
NOI $71,667 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,639
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
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 - Two residential units are currently rented within this established North Miami property.
Where is this duplex located?
The property is located at 1426 NE 134th Road North Miami, FL.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Two‑unit duplex at 1424 and 1426 NE 134th Road; Both units are currently rented; Built in 1948
