Duplex with Separate Electric
New
For Sale
$729,900
1601 NW 50th St, Miami, FL 33142
Residential Income, Miami, FL
Property Size2,033 SF
Lot Size0.13 Acres
Price / SF$359.03
Days on Market2
Property Features for 1601 NW 50th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
0104
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3
Parking
4
Patio and Porch features
Patio
Exterior features
Patio
Subdivision
FAIRHAVEN GARDENS
Lot features
< 1/4 Acre
Directions
GPS
Standard status
Active
APN
01-31-23-014-0371
Size
2,033 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIRHAVEN GDNS PB 6-76 LOT 20 BLK 2 LOT SIZE 50.000 X 112 OR 20074-0831 11 2001 3 COC 25117-1791 11 2006 1
Tax Annual Amount
7935
Legal Description
FAIRHAVEN GDNS PB 6-76 LOT 20 BLK 2 LOT SIZE 50.000 X 112 OR 20074-0831 11 2001 3 COC 25117-1791 11 2006 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
laundry areas
Building Details
Year built
1924
Floors in Building
2
Flooring type
Laminate
Building materials
CBS (Concrete Block Structure), Block
Roof type
Shingle
Listing Agency:
Related General Realty, LLC.
(305) 932-6365
Listed By:
Ydalia Rodriguez · License #3533172
(813) 485-3612
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 14 at 6:06AM
MLS# A12106274
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.
Investment Insights
Based on property information with market context.
This two-story duplex in Miami was renovated in 2025. Separate electric meters and dedicated laundry areas serve each unit. The property also has a patio and four parking spaces.
Building systems include PVC plumbing, a shingle roof, central electric heating and cooling, and public water and sewer service. The address is 1601 NW 50th St, Miami, FL 33142. Rental agreements are month-to-month.
Building systems include PVC plumbing, a shingle roof, central electric heating and cooling, and public water and sewer service. The address is 1601 NW 50th St, Miami, FL 33142. Rental agreements are month-to-month.
Key Highlights
- Renovated in 2025; shingle roof also dates to 2025
- Separate electric meters for each unit
- Each unit has its own laundry area
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.
How Realmo checks its estimates
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated in 2025, the two-story property has individual laundry areas for both units.
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: Renovated in 2025; shingle roof also dates to 2025; Separate electric meters for each unit; Each unit has its own laundry area
