Vacant Duplex with Private
For Sale
$599,900
20001 Northwest 43rd Place, Miami Gardens, FL 33055
Two separate residences offer distinct access and dedicated parking for each unit.
Property Size1,975 SF
Price / SF$303.75
Days on Market158
Property Features for 20001 Northwest 43rd Place
General Information
Standard status
Active
Size
1,975 SF
Property subtype
Multi-Family Income / Duplex
Taxes and HOA fees
Annual Taxes
$4,087
Building Details
Year Built
1971
Listing Agency:
Keller Williams Eagle Realty
(305) 757-1700
Listed By:
Edwin Silie · License #3475096
(305) 757-1700
Source:
Compass
Added: Mar 29
Changed: Aug 30
Last Checked: Aug 31 at 9:55PM
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 duplex is configured with a 4-bedroom, 2-bathroom primary residence and a separate 1-bedroom, 1-bathroom unit. Both residences are vacant and have their own private entrance and parking space. The property contains 1,975 square feet and was built in 1971.
Located in Miami Gardens, the property is being sold AS-IS and requires a cash purchase. Public records identify the zoning as single-family; buyers are responsible for verifying zoning, use, permits, and square footage.
Located in Miami Gardens, the property is being sold AS-IS and requires a cash purchase. Public records identify the zoning as single-family; buyers are responsible for verifying zoning, use, permits, and square footage.
Key Highlights
- Two‑unit configuration with a 4‑bedroom / 2‑bathroom main residence and separate 1‑bedroom / 1‑bathroom unit
- 1,975 SF property built in 1971
- Both units are vacant
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
$28,191
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
4.70%
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%
$563,820
$563.8K
Cap Rate 7%
$402,729
$402.7K
Cap Rate 9%
$313,233
$313.2K
Market Conditions
NOI Build-Up for 1,975 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
$41.5K $21.00/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$40.3K $20.39/SF
− OpEx
−$12.1K −$6.12/SF
NOI
$28.2K $14.27/SF
Area
Miami Gardens, FL
Vacancy
2.90%
Lease Rate
$21.00 /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%
$563,820
Cap Rate 7%
$402,729
Cap Rate 9%
$313,233
Alternative Uses
Best Use
Multifamily LT 5
$402.7K
$352.4K – $469.9K
NOI $28,191 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$375.2K
$328.3K – $437.7K
NOI $26,261 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$588.0K
$514.5K – $686.0K
NOI $41,159 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 33055, FL
42,950
Population
12,112
Households
3.5
Avg Household Size
42
Median Age
16%
College-Educated
76%
High-School Grad
6.0 sq mi
ZIP Area
7,158
Density / Sq Mi
$59,728
Median Household Income
$36,177
Median Earnings
$1,624
Median Rent
$341,800
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 - Two separate residences offer distinct access and dedicated parking for each unit.
Where is this duplex located?
The property is located at 20001 Northwest 43rd Place Miami Gardens, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit configuration with a 4‑bedroom / 2‑bathroom main residence and separate 1‑bedroom / 1‑bathroom unit; 1,975 SF property built in 1971; Both units are vacant
