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Miami Duplex Investment Opportunity

1565 NW 47th St Miami, FL 33142

1565 NW 47th St, Miami, FL, 33142
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Corner duplex in Miami's Model City, generating immediate income.

Property Size2,315 SF
Price / SF$429.81
AddedMay 20
Days on Market58
Last RefreshJul 15 at 9:27 pm

Property Features for 1565 NW 47th St

General Information

Standard status
Active
Size
2,315 SF
Property subtype
Multifamily

Building Details

Year Built
2019

Listing office Brightway Properties

Listing date May 20, 2026

Source Crexi

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 Brightway Properties


Investment Insights

Based on property information with market context.

This property presents an investment opportunity in Miami’s Model City area. It is a corner duplex featuring two units, each with 4 bedrooms and 2 bathrooms. Both units are currently leased and generating income. The property features a large layout and the added value of a corner lot. The property offers strong rental demand. The seller is willing to provide financing for up to 50% of the purchase price. This property is suited for cash flow and long-term appreciation. The property size is 2315 square feet.

Key Highlights

  • Immediate income generation from two currently leased units.
  • Seller financing available for up to 50% of the purchase price.
  • Two spacious 4 Bed / 2 Bath units.

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 $70.8k $30.60
− Vacancy −$4.5k −$1.95
EGI $66.3k $28.65
− OpEx −$19.9k −$8.60
NOI $46.4k $20.06
2,315 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$663.3K
$580.4K – $773.8K (±1% cap)
NOI $46,429 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$610.9K
$534.6K – $712.8K (±1% cap)
NOI $42,766 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$1.56M
$1.37M – $1.82M (±1% cap)
NOI $109,385 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Electrical Service (Bike/Boat/Book/etc) Store Skin Care Clinic Parking Lot & Garage Veterinary Clinic Pet Grooming Service Butcher Law Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Corner duplex in Miami's Model City, generating immediate income.
Where is this duplex located?
The property is located at 1565 NW 47th St Miami, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Immediate income generation from two currently leased units.; Seller financing available for up to 50% of the purchase price.; Two spacious 4 Bed / 2 Bath units.
Contact an agent
(786) 234-4321 Call to check price and availability
More about this property
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