Multifamily Duplex
New
For Sale
$559,000
1613-1615 NW 45th Street, Miami, FL 33142
Two-unit property on a multifamily-zoned lot with potential for additional construction, subject to municipal approvals.
Property Size1,452 SF
Price / SF$384.99
Days on Market5
Property Features for 1613-1615 NW 45th Street
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Duplex
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Year Built
1936
Listing Agency:
Landan Realty LLC
(305) 338-6436
Listed By:
Danay Puebla Llanos · License #3176578
(305) 338-6436
Source:
Lehmannflorida
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 11:43AM
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 Landan Realty LLC
Investment Insights
Based on property information with market context.
Built in 1936, this 1,452-square-foot duplex is positioned on a multifamily-zoned lot at 1613-1615 NW 45th Street in Miami. The front portion of the property may accommodate additional construction, subject to zoning, setbacks, and City of Miami approvals. Buyers should verify the feasibility of developing an additional duplex, triplex, or fourplex with the appropriate municipal authorities.
The property is near major highways, hospitals, shopping, downtown Miami, Wynwood, and the Health District. It is also located within a designated Opportunity Zone, providing an additional characteristic for buyers evaluating the property’s location and development considerations.
The property is near major highways, hospitals, shopping, downtown Miami, Wynwood, and the Health District. It is also located within a designated Opportunity Zone, providing an additional characteristic for buyers evaluating the property’s location and development considerations.
Key Highlights
- Duplex with 1,452 square feet of building area
- Multifamily‑zoned lot with front portion that may accommodate additional construction
- Potential additional duplex, triplex, or fourplex development, subject to approvals
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 | $44.4k | $30.60 |
| − Vacancy | −$2.8k | −$1.95 |
| EGI | $41.6k | $28.65 |
| − OpEx | −$12.5k | −$8.60 |
| NOI | $29.1k | $20.06 |
1,452 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.4K
NOI $29,121 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,823 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$980.1K
$857.6K – $1.14M
NOI $68,608 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,488
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property on a multifamily-zoned lot with potential for additional construction, subject to municipal approvals.
Where is this duplex located?
The property is located at 1613-1615 NW 45th Street Miami, FL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Duplex with 1,452 square feet of building area; Multifamily‑zoned lot with front portion that may accommodate additional construction; Potential additional duplex, triplex, or fourplex development, subject to approvals
