Two-Unit Duplex with Mixed
For Sale
$640,000
1845 NW 16th St, Miami, FL 33125
Residential property offers one three-bedroom, two-bathroom unit and a second residence with two bedrooms and one bathroom.
Property Size2,871 SF
Days on Market59
Property Features for 1845 NW 16th St
General Information
Standard status
Active
Size
2,871 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,800
Building Details
Building Size
2,871 SF
Year Built
1977
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Miguel Fuentes · License #3403804
(305) 443-7423
Source:
Marcelosteinmander
Added: Aug 20
Changed: Oct 17
Last Checked: Oct 16 at 6:25PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This duplex includes two residential units with distinct bedroom and bathroom configurations. One unit contains three bedrooms and two bathrooms, while the other provides two bedrooms and one bathroom. The property was built in 1977 and is located at 1845 NW 16th St in Miami, Florida.
The five-bedroom, three-bathroom configuration is organized across the two units, providing a clearly defined multifamily layout within a single property.
The five-bedroom, three-bathroom configuration is organized across the two units, providing a clearly defined multifamily layout within a single property.
Key Highlights
- Two‑unit duplex configuration
- One unit has 3 bedrooms and 2 bathrooms
- Second unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,579
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,580
$1.2M
Cap Rate 7%
$822,557
$822.6K
Cap Rate 9%
$639,767
$639.8K
Market Conditions
NOI Build-Up for 2,871 SF
Gross rent
$87.9K $30.60/SF
− Vacancy
−$5.6K −$1.95/SF
EGI
$82.3K $28.65/SF
− OpEx
−$24.7K −$8.60/SF
NOI
$57.6K $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%
$1,151,580
Cap Rate 7%
$822,557
Cap Rate 9%
$639,767
Alternative Uses
Best Use
Multifamily LT 5
$822.6K
$719.7K – $959.7K
NOI $57,579 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$757.7K
$663.0K – $884.0K
NOI $53,037 @ 7.0% cap · market cap 8.29%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,656 @ 7.0% cap · market cap 21.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,441
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Residential property offers one three-bedroom, two-bathroom unit and a second residence with two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 1845 NW 16th St Miami, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; One unit has 3 bedrooms and 2 bathrooms; Second unit has 2 bedrooms and 1 bathroom
