Remodeled
For Sale
Under Contract
$649,997
1450 NW 35th St, Miami, FL 33142
Residential Income, Miami, FL
Property Size1,825 SF
Price / SF$356.16
Days on Market81
Property Features for 1450 NW 35th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Parking
3
Subdivision
BEVERLY HEIGHTS
Lot features
< 1/4 Acre
Special listing conditions
Short Sale
Standard status
Active Under Contract
APN
01-31-26-038-0460
Size
1,825 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BEVERLY HGTS PB 6-164 LOT 8 & E13FT LOT 7 BLK 3 & N1/2 OF ALLEY LYG S & ADJ CLOSED PER ORD 13492 LOT SIZE 7526 SQ FT M/L
Tax Annual Amount
9918
Legal Description
BEVERLY HGTS PB 6-164 LOT 8 & E13FT LOT 7 BLK 3 & N1/2 OF ALLEY LYG S & ADJ CLOSED PER ORD 13492 LOT SIZE 7526 SQ FT M/L
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Palma Realty Group
(305) 885-5858
Listed By:
Armando Palma III · License #3165997
(305) 510-0002
Added: Jun 5
Changed: Aug 20
Last Checked: Aug 24 at 5:06AM
MLS# A12031526
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,825 square feet and was built in 1950. Recent remodeling provides an updated interior, while vinyl flooring, central air conditioning, and electric heating serve the building. The property is fully rented, providing an existing tenant configuration for a new owner.
Located at 1450 NW 35th St in Miami, the property has access to public sewer and cable service. The building also includes a shingle roof and is situated in ZIP Code 33142.
Located at 1450 NW 35th St in Miami, the property has access to public sewer and cable service. The building also includes a shingle roof and is situated in ZIP Code 33142.
Key Highlights
- Duplex with 1,825 square feet
- Fully rented at the time of listing
- Recently remodeled interior
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
$36,601
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
5.63%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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 - Fully leased two-unit property with central air, vinyl flooring, public sewer, and a shingle roof.
Where is this duplex located?
The property is located at 1450 NW 35th St 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: Duplex with 1,825 square feet; Fully rented at the time of listing; Recently remodeled interior
