2-Unit
New
For Sale
$900,000
1816 NW 22nd Court, Miami, FL 33125
The two residences contain six bedrooms and four bathrooms in total.
Property Size2,891 SF
Price / SF$326.56
Days on Market7
Property Features for 1816 NW 22nd Court
General Information
Standard status
Active
Size
2,891 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
5700
Taxes and HOA fees
Annual Taxes
$11,560
Building Details
Building Size
2,891 SF
Year Built
1979
Stories
1
Listing Agency:
Volante Realty Group LLC
Listed By:
Arianna Triana Arias
(786) 483-5384
Source:
Laerrealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 4:43PM
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 Volante Realty Group LLC
Investment Insights
Based on property information with market context.
This duplex contains two living units with a combined six bedrooms and four bathrooms. The property was built in 1979 and occupies a 7,000-square-foot lot.
The Miami property is near major roads, shopping, dining, and Downtown Miami.
The Miami property is near major roads, shopping, dining, and Downtown Miami.
Key Highlights
- Two living units with 6 bedrooms and 4 bathrooms combined
- 7,000 sq. ft. lot
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,273
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,460
$1.1M
Cap Rate 7%
$789,614
$789.6K
Cap Rate 9%
$614,144
$614.1K
Market Conditions
NOI Build-Up for 2,756 SF
Gross rent
$84.3K $30.60/SF
− Vacancy
−$5.4K −$1.95/SF
EGI
$79.0K $28.65/SF
− OpEx
−$23.7K −$8.60/SF
NOI
$55.3K $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%
$1,105,460
Cap Rate 7%
$789,614
Cap Rate 9%
$614,144
Alternative Uses
Best Use
Multifamily LT 5
$789.6K
$690.9K – $921.2K
NOI $55,273 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$727.3K
$636.4K – $848.6K
NOI $50,913 @ 7.0% cap · market cap 5.66%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,222 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,802
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The two residences contain six bedrooms and four bathrooms in total.
Where is this duplex located?
The property is located at 1816 NW 22nd Court Miami, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two living units with 6 bedrooms and 4 bathrooms combined; 7,000 sq. ft. lot; Built in 1979
