Duplex with Two Four-Bedroom
For Sale
$895,000
1565 NW 47th St, Miami, FL 33142
Both residences are leased, with each offering a four-bedroom, two-bathroom layout.
Property Size2,245 SF
Price / SF$398.66
Days on Market166
Property Features for 1565 NW 47th St
General Information
Standard status
Active
Size
2,245 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Hadley Park
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,355
Building Details
Building Size
2,245 SF
Year Built
2019
Listing Agency:
BM2 Realty
Listed By:
Ezequiel Baredes · License #3087098
(305) 450-2064
Source:
Insidenetworkco
Added: May 19
Changed: Oct 27
Last Checked: Oct 27 at 4:24AM
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 BM2 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2019, this duplex contains two 4-bedroom, 2-bathroom residences in a combined 2,245 square feet. Both units are currently leased, providing an occupied configuration for the next owner.
The property occupies a corner lot in Miami’s Model City area at 1565 NW 47th St.
The property occupies a corner lot in Miami’s Model City area at 1565 NW 47th St.
Key Highlights
- Two 4‑bedroom, 2‑bathroom units
- Both units currently leased
- 2,245 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,025
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,500
$900.5K
Cap Rate 7%
$643,214
$643.2K
Cap Rate 9%
$500,278
$500.3K
Market Conditions
NOI Build-Up for 2,245 SF
Gross rent
$68.7K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$64.3K $28.65/SF
− OpEx
−$19.3K −$8.60/SF
NOI
$45.0K $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%
$900,500
Cap Rate 7%
$643,214
Cap Rate 9%
$500,278
Alternative Uses
Best Use
Multifamily LT 5
$643.2K
$562.8K – $750.4K
NOI $45,025 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$592.5K
$518.4K – $691.2K
NOI $41,473 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,077 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
954
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with each offering a four-bedroom, two-bathroom layout.
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 $895,000.
What are key features of this property?
This property features: Two 4‑bedroom, 2‑bathroom units; Both units currently leased; 2,245 square feet of building area
