Duplex Investment
175 Northwest 68th Street Miami, FL 33150
For Sale
$675,000
Duplex with two 2-bedroom, 1-bath units, hurricane impact windows, a 5-year-old roof, and independent electrical meters.
Property Size1,550 SF
Price / SF$435.48
Days on Market657
Property Features for 175 Northwest 68th Street
General Information
- Standard status
- Active
- Size
- 1,550 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1956
Listing Agency:
JMC Real Estate Miami, Inc
(305) 425-9500
Listed By:
Jorge Martinez de Castro Jr · License #3410393
(305) 425-9500
Source:
Compass
Added: Oct 6, 2024
Changed: Jul 21
Last Checked: Jul 23 at 10:26AM
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 JMC Real Estate Miami, Inc
Investment Insights
Based on property information with market context.
This for-sale duplex presents two separate units, each with 2 bedrooms and 1 bathroom. The property has hurricane impact glass windows throughout, and it was improved with a roof installed approximately five years ago. Updates also include PVC plumbing, along with independent electrical meters for each unit.
The property is offered as a residential income duplex investment opportunity. The listing includes the full address at 175 Northwest 68th Street, Miami, FL 33150.
From a tenant-readiness standpoint, the current unit configuration is consistent across both sides, with the key exterior and systems improvements noted in the remarks.
The property is offered as a residential income duplex investment opportunity. The listing includes the full address at 175 Northwest 68th Street, Miami, FL 33150.
From a tenant-readiness standpoint, the current unit configuration is consistent across both sides, with the key exterior and systems improvements noted in the remarks.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- Hurricane impact glass windows throughout
- New roof installed 5 years ago
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 | $47.4k | $30.60 |
| − Vacancy | −$3.0k | −$1.95 |
| EGI | $44.4k | $28.65 |
| − OpEx | −$13.3k | −$8.60 |
| NOI | $31.1k | $20.06 |
1,550 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$444.1K
$388.6K – $518.1K
NOI $31,086 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$409.1K
$357.9K – $477.2K
NOI $28,634 @ 7.0% cap · market cap 4.24%
Theoretical Best
Specialty Retail
$1.05M
$915.5K – $1.22M
NOI $73,238 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, hurricane impact windows, a 5-year-old roof, and independent electrical meters.
Where is this duplex located?
The property is located at 175 Northwest 68th Street Miami, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; Hurricane impact glass windows throughout; New roof installed 5 years ago
