Two-Unit Duplex
For Sale
$496,000
1820 NW 73rd St, Miami, FL 33147
Residential Income, Miami, FL
Property Size1,165 SF
Price / SF$425.75
Days on Market37
Property Features for 1820 NW 73rd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Parking
4
Subdivision
BETHUNE HOMESITES
Standard status
Active
APN
30-31-10-019-0400
Size
1,165 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BETHUNE HOMESITES PB 43-61 LOT 10 BLK 4 LOT SIZE 50.000 X 100 OR 21196-2971 0403 5
Tax Annual Amount
5236
Legal Description
BETHUNE HOMESITES PB 43-61 LOT 10 BLK 4 LOT SIZE 50.000 X 100 OR 21196-2971 0403 5
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1953
Floors in Building
1
Flooring type
Laminate, Marble
Building materials
Block
Roof type
Shingle
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Yeanli Velez · License #3483775
(863) 677-6310
Added: Jul 18
Changed: Aug 22
Last Checked: Aug 23 at 7:06PM
MLS# A12020601
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 duplex contains two 2-bedroom, 1-bathroom units within 1165 square feet of building area. The property includes block construction, marble and laminate flooring, central heating, central air conditioning, a shingle roof, and public sewer service. The room count includes four bedrooms and two bathrooms overall, with an existing rent roll in place.
Built in 1953, the property is located at 1820 NW 73rd St in Miami, within Miami-Dade County. Its Miami 33147 location places the duplex near major roadways, shopping, dining, and schools, as identified in the property information.
Built in 1953, the property is located at 1820 NW 73rd St in Miami, within Miami-Dade County. Its Miami 33147 location places the duplex near major roadways, shopping, dining, and schools, as identified in the property information.
Key Highlights
- Two 2‑bedroom, 1‑bathroom residential units
- 1165 square feet of building area
- Existing rent roll in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,365
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,300
$467.3K
Cap Rate 7%
$333,786
$333.8K
Cap Rate 9%
$259,611
$259.6K
Market Conditions
NOI Build-Up for 1,165 SF
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.
Gross rent
$35.6K $30.60/SF
− Vacancy
−$2.3K −$1.95/SF
EGI
$33.4K $28.65/SF
− OpEx
−$10.0K −$8.60/SF
NOI
$23.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,300
Cap Rate 7%
$333,786
Cap Rate 9%
$259,611
Alternative Uses
Best Use
Multifamily LT 5
$333.8K
$292.1K – $389.4K
NOI $23,365 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$307.5K
$269.0K – $358.7K
NOI $21,522 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$786.4K
$688.1K – $917.5K
NOI $55,047 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units provide a compact residential income configuration with central air and heating.
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 $496,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom residential units; 1165 square feet of building area; Existing rent roll in place
