Miami Duplex with Income
For Sale
$598,900
1436 Northwest 51st Terrace, Miami, FL 33142
Cozy duplex in Miami, ideal for income generation or owner-occupancy.
Property Size1,548 SF
Price / SF$386.89
Days on Market207
Property Features for 1436 Northwest 51st Terrace
General Information
Standard status
Active
Size
1,548 SF
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$3,695
Building Details
Year Built
1926
Listing Agency:
Grand Realty of America, Corp.
(305) 931-7878
Listed By:
Yimandra Serrano · License #3415874
(305) 931-7878
Source:
Compass
Added: Jan 28
Changed: Aug 23
Last Checked: Aug 22 at 2:52PM
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 Grand Realty of America, Corp.
Investment Insights
Based on property information with market context.
This duplex is located in a desired area of Miami. The first unit features 2 bedrooms, a studio that may be used as an extra bedroom, a living room, a full kitchen, and 1 bathroom. The second unit offers 2 bedrooms, a living room, a full kitchen, and 1 bathroom. Both units have independent meters, laundry room and ACs. The property includes a fairly new roof, impact windows, and a freshly painted full structure. A large driveway provides space for 3 vehicles, and the large lot is completely fenced. New kitchen cabinets and toilets have been installed, and all appliances are included with the sale. The property has a size of 1548 square feet and is currently rented month to month. This property presents an opportunity to generate income while growing an asset.
Key Highlights
- Income‑producing duplex in a desirable Miami location.
- Two units, each with 2 bedrooms, living room, full kitchen, and 1 bathroom.
- Independent meters, laundry room, and ACs for each unit.
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
$31,046
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
5.18%
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%
$620,920
$620.9K
Cap Rate 7%
$443,514
$443.5K
Cap Rate 9%
$344,956
$345.0K
Market Conditions
NOI Build-Up for 1,548 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
$47.4K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$44.4K $28.65/SF
− OpEx
−$13.3K −$8.60/SF
NOI
$31.0K $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%
$620,920
Cap Rate 7%
$443,514
Cap Rate 9%
$344,956
Alternative Uses
Best Use
Multifamily LT 5
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$408.5K
$357.5K – $476.6K
NOI $28,597 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$1.04M
$914.3K – $1.22M
NOI $73,144 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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 - Cozy duplex in Miami, ideal for income generation or owner-occupancy.
Where is this duplex located?
The property is located at 1436 Northwest 51st Terrace Miami, FL.
What is the asking price?
The asking price for this property is $598,900.
What are key features of this property?
This property features: Income‑producing duplex in a desirable Miami location.; Two units, each with 2 bedrooms, living room, full kitchen, and 1 bathroom.; Independent meters, laundry room, and ACs for each unit.
