Two-Unit Duplex with Gated
157 NE 64th Ter, Miami, FL 33138
For Sale
$600,000
Separate entrances and living spaces give each residence its own private access.
Property Size1,290 SF
Price / SF$465.12
Days on Market135
Property Features for 157 NE 64th Ter
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gated parking
Building Details
Building Size
Year Built
Construction
Listing Agency:
Leoni Real Estate Corp.
Listed By:
Andrew Vogel · License FL #3209953
Source:
Urdapilletarealestate
Added: Jun 29
Changed: Nov 7
Last Checked: Nov 10 at 12:32PM
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 Leoni Real Estate Corp.
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Investment Insights
Based on property information with market context.
This CBS-built duplex contains two separate residences, each with a functional floor plan and its own living area. Separate entrances distinguish the units, and gated parking serves the property. The building contains 1,290 square feet and dates to 1951.
Recent property updates include impact-resistant windows and a newer roof. Located at 157 NE 64th Ter in Miami, the property is offered for sale.
Recent property updates include impact-resistant windows and a newer roof. Located at 157 NE 64th Ter in Miami, the property is offered for sale.
Key Highlights
- Two‑unit duplex with separate living areas and entrances
- CBS block construction
- Gated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,872
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,440
$517.4K
Cap Rate 7%
$369,600
$369.6K
Cap Rate 9%
$287,467
$287.5K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$39.5K $30.60/SF
− Vacancy
−$2.5K −$1.95/SF
EGI
$37.0K $28.65/SF
− OpEx
−$11.1K −$8.60/SF
NOI
$25.9K $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%
$517,440
Cap Rate 7%
$369,600
Cap Rate 9%
$287,467
Alternative Uses
Best Use
Multifamily LT 5
$369.6K
$323.4K – $431.2K
NOI $25,872 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$340.4K
$297.9K – $397.2K
NOI $23,831 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$870.8K
$761.9K – $1.02M
NOI $60,953 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,442
Businesses Nearby
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Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and living spaces give each residence its own private access.
Where is this duplex located?
The property is located at 157 NE 64th Ter Miami, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit duplex with separate living areas and entrances; CBS block construction; Gated parking
