1490/1492 NW 38th St, Miami, FL 33142
MULTI_FAMILY - Miami, FL
- Added:
- Apr 25, 2026
- Days on Market:
- 69
- Last Refresh:
- Jul 2 at 9:06 am
Property Features for 1490/1492 NW 38th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3
- Parking
- 4
- Standard status
- Active
- APN
- 01-31-23-034-0400
- Size
- 1,840 SF
- Lot size
- 5,000.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CORDOVA PARK PB 7-92 LOT 23 BLK 2 LOT SIZE 50.000 X 100 OR 17042-0652-0658 1295 4
- Tax Annual Amount
- 6958
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned
- Cooling system
- Zoned
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Shingle
Listing agent Bernard Phanord License #3386248 (786) 352-7014
Listing office Keller Williams Elite Properties 21500 Biscayne Blvd STE 201, Aventura, FL (305) 931-2224
Listing date Apr 25, 2026
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.
HighLights
- Duplex on a 5,000 SF lot in the heart of Miami
- 1BR/1BA unit with rent of $1,700; includes wall unit AC and central AC
- 4BR/2BA unit with rent of at least $3,500
- Both units are renovated with space that still allows for custom modifications
- Property delivered vacant upon closing
- Built in 1946 with block construction, shingle roof, public sewer, and zoned heating/cooling
Overview
The duplex is located in Miami, FL 33142 at 1490/1492 NW 38th St. Public remarks indicate the asset is positioned in the heart of Miami, with Wynwood/Art District less than 10 minutes away and Brickell and Downtown about 20 minutes away.
For buyers seeking a residential income property, this duplex provides two separate units with distinct bedroom and bath configurations. The property is scheduled to be delivered vacant upon closing, which can support straightforward repositioning or preparation for new occupants. Existing rent figures are provided in the remarks for the 1BR/1BA unit and the 4BR/2BA unit, though new terms would be subject to the buyer’s leasing plan and execution after closing.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.3k | $30.60 |
| − Vacancy | −$3.6k | −$1.95 |
| EGI | $52.7k | $28.65 |
| − OpEx | −$15.8k | −$8.60 |
| NOI | $36.9k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.221575
- Latitude
- 25.811002
