Single-Story
For Sale
$650,000
20 NE 169TH Street # 2 Unit 1-2, North Miami Beach, FL 33162
Two-unit residential property with a compact single-level layout in North Miami Beach.
Property Size1,241 SF
Price / SF$523.77
Days on Market58
Property Features for 20 NE 169TH Street # 2 Unit 1-2
General Information
Standard status
Active
Size
1,241 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,873
Building Details
Building Size
1,241 SF
Year Built
1956
Stories
1
Listing Agency:
Grandiose Real Estate LLC
Listed By:
Brian J McCarthy · License #3213610
(954) 258-1435
Source:
Vanessafrankmiami
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 15 at 6:30AM
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 Grandiose Real Estate LLC
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Investment Insights
Based on property information with market context.
This single-story duplex contains 1,241 square feet of finished living space arranged across two residential units. Built in 1956, the property offers a straightforward configuration within an established residential setting.
The building is located in North Miami Beach, Florida, with the address identified as 20 NE 169TH Street # 2, Unit 1-2. Its two-unit structure provides separate residential spaces within one compact property.
The building is located in North Miami Beach, Florida, with the address identified as 20 NE 169TH Street # 2, Unit 1-2. Its two-unit structure provides separate residential spaces within one compact property.
Key Highlights
- Two‑unit duplex configuration
- 1,241 square feet of finished living space
- Single‑story building layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,687
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,740
$413.7K
Cap Rate 7%
$295,529
$295.5K
Cap Rate 9%
$229,856
$229.9K
Market Conditions
NOI Build-Up for 1,241 SF
Gross rent
$31.3K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$29.6K $23.81/SF
− OpEx
−$8.9K −$7.14/SF
NOI
$20.7K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,740
Cap Rate 7%
$295,529
Cap Rate 9%
$229,856
Alternative Uses
Best Use
Multifamily LT 5
$295.5K
$258.6K – $344.8K
NOI $20,687 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$272.7K
$238.6K – $318.1K
NOI $19,086 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$629.6K
$550.9K – $734.6K
NOI $44,073 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
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 - Two-unit residential property with a compact single-level layout in North Miami Beach.
Where is this duplex located?
The property is located at 20 NE 169TH Street # 2 Unit 1-2 North Miami Beach, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,241 square feet of finished living space; Single‑story building layout
