Tenant-Occupied Duplex with Two
1874 Northwest 19th Street Miami, FL 33125
For Sale
$560,000
Well-maintained duplex with two 2-bedroom, 1-bath units, both leased month-to-month for immediate income potential.
Property Size1,450 SF
Lot Size0.16 Acres
Price / SF$386.21
Days on Market89
Property Features for 1874 Northwest 19th Street
General Information
- Standard status
- Active
- Size
- 1,450 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1958
Listing Agency:
Keller Williams Eagle Realty
(305) 757-1700
Listed By:
Miguel Castillo · License #3403589
(305) 757-1700
Source:
Compass
Added: Apr 26
Changed: Jul 10
Last Checked: Jul 23 at 11:08AM
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 Keller Williams Eagle Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex features two spacious 2-bedroom, 1-bath units, providing a total of 4 bedrooms and 2 bathrooms across the property. Both units are currently tenant-occupied on a month-to-month basis, allowing the new owner to receive rental income right away while keeping flexibility for future leasing decisions. The property is situated on a 7,004-square-foot lot and is designated for multi-family development under A-3900 Multi-Family (38–62 U/A) zoning.
The property is located at 1874 Northwest 19th Street in Miami, Florida, with described easy access to Downtown Miami, Brickell, Miami International Airport, and Midtown. This positioning supports convenient commuting options for tenants and helps keep the rental experience practical for everyday use.
For investors or owner-operators, the existing duplex layout offers straightforward management with two separate residential units. For buyers considering longer-term planning, the favorable multi-family zoning provides a basis for renovation, repositioning, or possible future redevelopment. With tenants already in place on month-to-month terms, the property can support a range of ownership strategies while maintaining operational continuity.
The property is located at 1874 Northwest 19th Street in Miami, Florida, with described easy access to Downtown Miami, Brickell, Miami International Airport, and Midtown. This positioning supports convenient commuting options for tenants and helps keep the rental experience practical for everyday use.
For investors or owner-operators, the existing duplex layout offers straightforward management with two separate residential units. For buyers considering longer-term planning, the favorable multi-family zoning provides a basis for renovation, repositioning, or possible future redevelopment. With tenants already in place on month-to-month terms, the property can support a range of ownership strategies while maintaining operational continuity.
Key Highlights
- Well‑maintained duplex built in 1958 with two 2‑bedroom, 1‑bath units
- Two tenant‑occupied units leased on a month‑to‑month basis
- Total layout features 4 bedrooms and 2 bathrooms across the property
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 | $44.4k | $30.60 |
| − Vacancy | −$2.8k | −$1.95 |
| EGI | $41.5k | $28.65 |
| − OpEx | −$12.5k | −$8.60 |
| NOI | $29.1k | $20.06 |
1,450 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.4K
$363.5K – $484.7K
NOI $29,081 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$382.7K
$334.8K – $446.4K
NOI $26,786 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$978.8K
$856.4K – $1.14M
NOI $68,513 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units, both leased month-to-month for immediate income potential.
Where is this duplex located?
The property is located at 1874 Northwest 19th Street Miami, FL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1958 with two 2‑bedroom, 1‑bath units; Two tenant‑occupied units leased on a month‑to‑month basis; Total layout features 4 bedrooms and 2 bathrooms across the property
