Renovated Duplex with Separate
For Sale
$729,900
1601 NW 50th St, Miami, FL 33142
Two residential units have individual laundry areas and separate electric meters.
Property Size2,033 SF
Lot Size0.13 Acres
Price / SF$359.03
Days on Market8
Property Features for 1601 NW 50th St
General Information
Standard status
Active
Size
2,033 SF
Total Parking Spaces
4
Lot size
0.13 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA + office, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$60,000
Taxes and HOA fees
Annual Taxes
$7,935
Amenities
laundry areas
Building Details
Building Size
2,033 SF
Year Built
1924
Year Renovated
2025
Buildings
1
Stories
2
Listing Agency:
Related General Realty, LLC.
Listed By:
Ydalia Rodriguez · License #3533172
(813) 485-3612
Source:
Batrare
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 19 at 5:53PM
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 Related General Realty, LLC.
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Investment Insights
Based on property information with market context.
This two-story duplex contains two units: one with 3 bedrooms, 2 bathrooms, and an office, and another with 2 bedrooms and 1 bathroom. Each unit has its own laundry area and electric meter. Improvements include a 2025 roof and PVC plumbing; the property was renovated in 2025. The building dates to 1924 and occupies a 5,600-square-foot lot.
Four parking spaces serve the property. Both units are leased under month-to-month agreements, and tenants pay their utilities.
Four parking spaces serve the property. Both units are leased under month-to-month agreements, and tenants pay their utilities.
Key Highlights
- Two‑story duplex with 3‑bedroom, 2‑bathroom unit and a separate office
- Second unit has 2 bedrooms and 1 bathroom
- 2025 renovation and 2025 roof; PVC plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,773
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,460
$815.5K
Cap Rate 7%
$582,471
$582.5K
Cap Rate 9%
$453,033
$453.0K
Market Conditions
NOI Build-Up for 2,033 SF
Gross rent
$62.2K $30.60/SF
− Vacancy
−$4.0K −$1.95/SF
EGI
$58.2K $28.65/SF
− OpEx
−$17.5K −$8.60/SF
NOI
$40.8K $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%
$815,460
Cap Rate 7%
$582,471
Cap Rate 9%
$453,033
Alternative Uses
Best Use
Multifamily LT 5
$582.5K
$509.7K – $679.6K
NOI $40,773 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$536.5K
$469.5K – $625.9K
NOI $37,556 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,060 @ 7.0% cap · market cap 13.16%
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
895
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have individual laundry areas and separate electric meters.
Where is this duplex located?
The property is located at 1601 NW 50th St Miami, FL.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Two‑story duplex with 3‑bedroom, 2‑bathroom unit and a separate office; Second unit has 2 bedrooms and 1 bathroom; 2025 renovation and 2025 roof; PVC plumbing
