Remodeled
For Sale
$559,900
1831 NW 41st St, Miami, FL 33142
Remodeled two-unit property with a newer roof and matching two-bedroom, one-bath layouts.
Property Size1,512 SF
Days on Market223
Property Features for 1831 NW 41st St
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Duplex
Site & Location
Neighborhood
Flora Park
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,671
Building Details
Building Size
1,512 SF
Year Built
1965
Listing Agency:
Diversified Realty ExchangeLLC
Listed By:
Amanda Baralt · License #3405255
Source:
Miamibrokersgroup
Added: Mar 17
Changed: Oct 17
Last Checked: Oct 25 at 1:01AM
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 Diversified Realty ExchangeLLC
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Investment Insights
Based on property information with market context.
This duplex contains 1,512 square feet and was built in 1965. The property has been remodeled, with each residence configured as a two-bedroom, one-bath unit. A roof replacement completed two years ago adds a recent capital improvement to the building.
Located at 1831 Northwest 41st Street in Miami, Florida 33142, the property offers a straightforward two-unit residential income configuration with consistent layouts across both residences.
Located at 1831 Northwest 41st Street in Miami, Florida 33142, the property offers a straightforward two-unit residential income configuration with consistent layouts across both residences.
Key Highlights
- Two‑unit duplex in Miami, FL
- 1,512 square feet built in 1965
- Each unit offers 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,324
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,480
$606.5K
Cap Rate 7%
$433,200
$433.2K
Cap Rate 9%
$336,933
$336.9K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$46.3K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$43.3K $28.65/SF
− OpEx
−$13.0K −$8.60/SF
NOI
$30.3K $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%
$606,480
Cap Rate 7%
$433,200
Cap Rate 9%
$336,933
Alternative Uses
Best Use
Multifamily LT 5
$433.2K
$379.1K – $505.4K
NOI $30,324 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$399.0K
$349.2K – $465.5K
NOI $27,932 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$1.02M
$893.0K – $1.19M
NOI $71,443 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled two-unit property with a newer roof and matching two-bedroom, one-bath layouts.
Where is this duplex located?
The property is located at 1831 NW 41st St Miami, FL.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Two‑unit duplex in Miami, FL; 1,512 square feet built in 1965; Each unit offers 2 bedrooms and 1 bath
