Renovated Duplex on Corner
2103 Northwest 57th Street Miami, FL 33142
For Sale
$575,000
Two renovated rental homes on a corner lot, with leases in place through March 2026 and August 2026.
Property Size1,172 SF
Price / SF$490.61
Days on Market94
Property Features for 2103 Northwest 57th Street
General Information
- Standard status
- Active
- Size
- 1,172 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1936
Listing Agency:
Blackbook Properties
(305) 725-0566
Listed By:
Jessica Turner · License #3333542
(305) 725-0566
Source:
Compass
Added: Apr 22
Changed: Jul 21
Last Checked: Jul 23 at 10:20AM
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 Blackbook Properties
Investment Insights
Based on property information with market context.
This renovated duplex offers two separate income-producing homes on a corner lot. The main house is a 3BR/1BA with approximately 1,172 square feet and is leased through March 2026. The guest house is a 1BR/1BA with approximately 850 square feet and is leased through August 2026. Both units were renovated in 2020 and are currently occupied.
The property is described as having a deep, private lot, providing flexibility for investors seeking immediate cash flow or for households looking for a compound-style setup. It is positioned for convenient access to Design District, Midtown, and Downtown, and is approximately 10 minutes from Wynwood and MIA.
With both units already leased and renovation updates completed, the duplex presents a turn-key setup for an owner looking for existing tenant occupancy and defined lease timelines.
The property is described as having a deep, private lot, providing flexibility for investors seeking immediate cash flow or for households looking for a compound-style setup. It is positioned for convenient access to Design District, Midtown, and Downtown, and is approximately 10 minutes from Wynwood and MIA.
With both units already leased and renovation updates completed, the duplex presents a turn-key setup for an owner looking for existing tenant occupancy and defined lease timelines.
Key Highlights
- Corner lot with two fully renovated, income‑producing homes
- Main house: 3BR/1BA with 1,172 SF leased through March 2026
- Guest house: 1BR/1BA with 850 SF leased through August 2026
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 | $35.9k | $30.60 |
| − Vacancy | −$2.3k | −$1.95 |
| EGI | $33.6k | $28.65 |
| − OpEx | −$10.1k | −$8.60 |
| NOI | $23.5k | $20.06 |
1,172 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$335.8K
$293.8K – $391.8K
NOI $23,505 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$309.3K
$270.6K – $360.9K
NOI $21,651 @ 7.0% cap · market cap 3.77%
Theoretical Best
Specialty Retail
$791.1K
$692.2K – $923.0K
NOI $55,378 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two renovated rental homes on a corner lot, with leases in place through March 2026 and August 2026.
Where is this duplex located?
The property is located at 2103 Northwest 57th Street Miami, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Corner lot with two fully renovated, income‑producing homes; Main house: 3BR/1BA with 1,172 SF leased through March 2026; Guest house: 1BR/1BA with 850 SF leased through August 2026
