For-Sale Duplex
For Sale
$480,000
1888 NW 18th Street, Miami, FL 33125
Duplex offered for sale as a residential income property with a listed size of 1,366.
Property Size1,366 SF
Price / SF$351.39
Days on Market11
Property Features for 1888 NW 18th Street
General Information
Standard status
Active
Size
1,366 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Realty World Executive Homes
(786) 454-5309
Listed By:
Elsy Amaya · License #3176578
(786) 454-5309
Source:
Lehmannflorida
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 31 at 5:55AM
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 Realty World Executive Homes
Investment Insights
Based on property information with market context.
This for-sale duplex is offered as a residential income property. The listing includes a total property size of 1,366.
The property is located at 1888 NW 18th Street, Miami, FL 33125.
As a duplex, the building is configured for two residential units within the same property footprint.
The property is located at 1888 NW 18th Street, Miami, FL 33125.
As a duplex, the building is configured for two residential units within the same property footprint.
Key Highlights
- Duplex for sale as a residential income property
- Built in 1925
- Listed size: 1,366
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 | $41.8k | $30.60 |
| − Vacancy | −$2.7k | −$1.95 |
| EGI | $39.1k | $28.65 |
| − OpEx | −$11.7k | −$8.60 |
| NOI | $27.4k | $20.06 |
1,366 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.5K – $456.6K
NOI $27,396 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$360.5K
$315.4K – $420.6K
NOI $25,235 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$922.1K
$806.8K – $1.08M
NOI $64,544 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,038
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 - Duplex offered for sale as a residential income property with a listed size of 1,366.
Where is this duplex located?
The property is located at 1888 NW 18th Street Miami, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Duplex for sale as a residential income property; Built in 1925; Listed size: 1,366
