Duplex with Vacant
21 NW 52nd Street, Miami, FL 33127
For Sale
New
$925,000
The second dwelling is occupied, while the first is vacant for an owner to use as a residence.
Property Size2,128 SF
Days on Market6
Property Features for 21 NW 52nd Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Magasi Real Estate, LLC.
Listed By:
Victor Beraja · License FL #3451556
(786) 841-0419
Source:
Silverleafrealtygroup
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 2:14PM
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 Magasi Real Estate, LLC.
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Investment Insights
Based on property information with market context.
This duplex, built in 1988, contains two separate living units. One unit is currently occupied; the other is vacant and can be used as a residence by a buyer.
The property is at 21 NW 52nd Street in Miami, Florida, with access to major roadways, shopping, dining, and employment centers.
The property is at 21 NW 52nd Street in Miami, Florida, with access to major roadways, shopping, dining, and employment centers.
Key Highlights
- Two separate living units
- One unit is occupied and the other is vacant
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,678
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,560
$853.6K
Cap Rate 7%
$609,686
$609.7K
Cap Rate 9%
$474,200
$474.2K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$65.1K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$61.0K $28.65/SF
− OpEx
−$18.3K −$8.60/SF
NOI
$42.7K $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 Rate 5%
$853,560
Cap Rate 7%
$609,686
Cap Rate 9%
$474,200
Alternative Uses
Best Use
Multifamily LT 5
$609.7K
$533.5K – $711.3K
NOI $42,678 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$561.6K
$491.4K – $655.2K
NOI $39,311 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,549 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,633
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The second dwelling is occupied, while the first is vacant for an owner to use as a residence.
Where is this duplex located?
The property is located at 21 NW 52nd Street Miami, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two separate living units; One unit is occupied and the other is vacant; Built in 1988
