Well-Maintained Duplex Income
1820 NW 73rd St Miami, FL 33147
For Sale
Contact for pricing
Duplex with two spacious two-bedroom, one-bath units and rental income already in place.
Property Size1,165 SF
Price / SF$493.56
Days on Market67
Property Features for 1820 NW 73rd St
General Information
- Standard status
- Active
- Size
- 1,165 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1953
Listing Agency:
LPT Realty
(863) 677-6310
Listed By:
Yeanli Velez · License #3483775
Source:
Crexi
Added: May 18
Changed: Jul 21
Last Checked: Jul 22 at 2:20PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious 2-bedroom, 1-bath units. Each unit is set up for rental occupancy, with current rents listed on the rent roll for Unit A and Unit B. The property generates a total gross annual income of $49,200 based on the provided figures.
The duplex is conveniently located near major roadways, as well as shopping, dining, and schools, supporting everyday accessibility for tenants.
Designed for investors or owner-occupants, the building provides rental income to help offset expenses while maintaining a straightforward two-unit configuration.
The duplex is conveniently located near major roadways, as well as shopping, dining, and schools, supporting everyday accessibility for tenants.
Designed for investors or owner-occupants, the building provides rental income to help offset expenses while maintaining a straightforward two-unit configuration.
Key Highlights
- 1953‑built duplex with two spacious 2‑bedroom, 1‑bath units
- Unit A rents for $2,100/month ($25,200 annually)
- Unit B rents for $2,000/month ($24,000 annually)
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 | $35.6k | $30.60 |
| − Vacancy | −$2.3k | −$1.95 |
| EGI | $33.4k | $28.65 |
| − OpEx | −$10.0k | −$8.60 |
| NOI | $23.4k | $20.06 |
1,165 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.8K
$292.1K – $389.4K
NOI $23,365 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$307.5K
$269.0K – $358.7K
NOI $21,522 @ 7.0% cap · market cap 3.74%
Theoretical Best
Specialty Retail
$786.4K
$688.1K – $917.5K
NOI $55,047 @ 7.0% cap · market cap 9.57%
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 spacious two-bedroom, one-bath units and rental income already in place.
Where is this duplex located?
The property is located at 1820 NW 73rd St Miami, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1953‑built duplex with two spacious 2‑bedroom, 1‑bath units; Unit A rents for $2,100/month ($25,200 annually); Unit B rents for $2,000/month ($24,000 annually)
