Partially Remodeled Duplex
For Sale
$649,997
Pending
1450 Northwest 35th Street, Miami, FL 33142
Legal duplex with impact windows, newer roof, and recent interior updates including new floors and plumbing.
Property Size1,825 SF
Days on Market223
Property Features for 1450 Northwest 35th Street
General Information
Standard status
Pending
Size
1,825 SF
Property subtype
Multi-Family Income / Duplex
Site & Location
Neighborhood
Santa Clara
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,918
Building Details
Year Built
1950
Listing Agency:
ACE Florida Realty, LLC
Listed By:
Diana Rodriguez · License #3113125
(786) 999-8359
Source:
Compass
Added: Mar 17
Changed: Oct 23
Last Checked: Oct 24 at 8:46PM
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 ACE Florida Realty, LLC
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Investment Insights
Based on property information with market context.
This legal duplex offers a 3/2 unit and a 1/1 unit. The property is partially remodeled and includes impact windows, recently painted interiors, and new floors. Recent improvements also include new plumbing, additional impact windows, and AC units that were recently serviced, along with a roof that is less than 10 years old.
The property is centrally located near Wynwood, the Miami River, Brickell, and Miami International Airport. There is no association, which may simplify ownership and operations.
The layout supports two separate residential units within one legal duplex structure, making it well suited for an income-focused buyer who wants both units under the same ownership.
The property is centrally located near Wynwood, the Miami River, Brickell, and Miami International Airport. There is no association, which may simplify ownership and operations.
The layout supports two separate residential units within one legal duplex structure, making it well suited for an income-focused buyer who wants both units under the same ownership.
Key Highlights
- Legal duplex (3/2 + 1/1) generating $63,540 gross annual income
- Impact windows throughout and interior updates including new floors, new plumbing, and recent painting
- Roof is less than 10 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,601
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,020
$732.0K
Cap Rate 7%
$522,871
$522.9K
Cap Rate 9%
$406,678
$406.7K
Market Conditions
NOI Build-Up for 1,825 SF
Gross rent
$55.8K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$52.3K $28.65/SF
− OpEx
−$15.7K −$8.60/SF
NOI
$36.6K $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%
$732,020
Cap Rate 7%
$522,871
Cap Rate 9%
$406,678
Alternative Uses
Best Use
Multifamily LT 5
$522.9K
$457.5K – $610.0K
NOI $36,601 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$481.6K
$421.4K – $561.9K
NOI $33,714 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,232 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,249
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex with impact windows, newer roof, and recent interior updates including new floors and plumbing.
Where is this duplex located?
The property is located at 1450 Northwest 35th Street Miami, FL.
What is the asking price?
The asking price for this property is $649,997.
What are key features of this property?
This property features: Legal duplex (3/2 + 1/1) generating $63,540 gross annual income; Impact windows throughout and interior updates including new floors, new plumbing, and recent painting; Roof is less than 10 years old
