Corner Duplex with Newer
For Sale
Under Contract
$695,000
14615 NE 14th Ave, Miami, FL 33161
MULTI_FAMILY - Miami, FL
Property Size1,920 SF
Price / SF$361.98
Days on Market31
Property Features for 14615 NE 14th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2
Parking
6
Subdivision
ARCH CREEK ESTS
Lot features
< 1/4 Acre
Standard status
Active Under Contract
APN
30-22-20-002-2270
Size
1,920 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ARCH CREEK ESTS PB 46-73 S1/2 OF S1/2 OF LOT 91 LOT SIZE 68.900 X 100 OR 20515-4627 0602 2 COC 25143-4162 11 2006 1
Tax Annual Amount
8200
Legal Description
ARCH CREEK ESTS PB 46-73 S1/2 OF S1/2 OF LOT 91 LOT SIZE 68.900 X 100 OR 20515-4627 0602 2 COC 25143-4162 11 2006 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Amenities
fenced-in yard
Building Details
Year built
1968
Floors in Building
1
Flooring type
Terrazzo, Tile
Building materials
Block
Roof type
Shingle, Built-Up
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Javier Colon PA · License #3367073
(786) 271-5139
Added: Jul 18
Changed: Aug 14
Last Checked: Aug 17 at 5:06AM
MLS# A12009590
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 corner duplex at 14615 NE 14th Ave offers 1,920 square feet of block construction built in 1968. The interior includes tile and terrazzo flooring, and the home is served by electric heating with central air cooling. The property’s exterior and key mechanicals reflect recent upgrades, including a fresh coat of paint, upgraded windows, a fenced-in yard, and a newer pitched roof.
Set between North Miami and North Miami Beach, just west of W. Dixie Hwy, the duplex sits at an accommodating corner intersection providing access to main roads, schools, universities, health care institutions, and anchor stores.
Utilities include cable availability and public sewer service. Call the listing agent to review the layout and schedule a showing.
Set between North Miami and North Miami Beach, just west of W. Dixie Hwy, the duplex sits at an accommodating corner intersection providing access to main roads, schools, universities, health care institutions, and anchor stores.
Utilities include cable availability and public sewer service. Call the listing agent to review the layout and schedule a showing.
Key Highlights
- 1,920 SF corner duplex with block construction built in 1968
- Fresh paint and upgraded windows
- Newer pitched roof
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
$38,507
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
5.54%
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%
$770,140
$770.1K
Cap Rate 7%
$550,100
$550.1K
Cap Rate 9%
$427,856
$427.9K
Market Conditions
NOI Build-Up for 1,920 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
$58.8K $30.60/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$55.0K $28.65/SF
− OpEx
−$16.5K −$8.60/SF
NOI
$38.5K $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%
$770,140
Cap Rate 7%
$550,100
Cap Rate 9%
$427,856
Alternative Uses
Best Use
Multifamily LT 5
$550.1K
$481.3K – $641.8K
NOI $38,507 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$506.7K
$443.4K – $591.2K
NOI $35,469 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$1.30M
$1.13M – $1.51M
NOI $90,721 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,120
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 - Corner duplex with updated windows, newer pitched roof, fenced yard, central air and electric heating.
Where is this duplex located?
The property is located at 14615 NE 14th Ave Miami, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,920 SF corner duplex with block construction built in 1968; Fresh paint and upgraded windows; Newer pitched roof
