Tenant-Occupied Duplex with Two
For Sale
$560,000
Pending
1874 Northwest 19th Street, Miami, FL 33125
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
Days on Market105
Property Features for 1874 Northwest 19th Street
General Information
Standard status
Pending
Size
1,450 SF
Lot size
0.16 Acres
Property subtype
Multi-Family Income / Duplex
Zoning
A-3900
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,000
Building Details
Year Built
1958
Tenancy
Multi
Listing Agency:
Keller Williams Eagle Realty
Listed By:
Miguel Castillo · License #3403589
(305) 757-1700
Source:
Compass
Added: May 27
Changed: Aug 8
Last Checked: Jul 24 at 3:08PM
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
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
$29,081
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
5.19%
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%
$581,620
$581.6K
Cap Rate 7%
$415,443
$415.4K
Cap Rate 9%
$323,122
$323.1K
Market Conditions
NOI Build-Up for 1,450 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
$44.4K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.5K $28.65/SF
− OpEx
−$12.5K −$8.60/SF
NOI
$29.1K $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%
$581,620
Cap Rate 7%
$415,443
Cap Rate 9%
$323,122
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,776
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
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 - 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
