Updated Multifamily Income
2121 Northwest 14th Street Miami, FL 33125
For Sale
$997,777
Renovated multifamily with new flat roof, porcelain flooring, new bathrooms and kitchens, and an updated electrical system.
Property Size2,270 SF
Price / SF$439.55
Days on Market135
Property Features for 2121 Northwest 14th Street
General Information
- Standard status
- Active
- Size
- 2,270 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1954
Listing Agency:
Tower Team Realty, LLC
(786) 233-4959
Listed By:
Yudierkys Estepe · License #3468675
(786) 233-4959
Source:
Compass
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 23 at 2:01PM
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 Tower Team Realty, LLC
Investment Insights
Based on property information with market context.
This multifamily residential income property offers updated interior finishes and roof improvements. The flat roof was made new, while the tiled roof is existing. Inside, units feature porcelain flooring, with new bathrooms and new kitchens. An updated electrical system is also included.
The property is described as being in a high-demand area near main roads and transportation, with nearby shops and the Miami River.
The available information characterizes the units as spacious and well laid out, supporting a tenant-ready configuration focused on practical day-to-day living.
The property is described as being in a high-demand area near main roads and transportation, with nearby shops and the Miami River.
The available information characterizes the units as spacious and well laid out, supporting a tenant-ready configuration focused on practical day-to-day living.
Key Highlights
- Renovated multifamily built in 1954
- Flat roof replaced (tiled roof noted as existing)
- Porcelain flooring and updated electrical system
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 | $69.5k | $30.60 |
| − Vacancy | −$4.4k | −$1.95 |
| EGI | $65.0k | $28.65 |
| − OpEx | −$19.5k | −$8.60 |
| NOI | $45.5k | $20.06 |
2,270 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$650.4K
$569.1K – $758.8K
NOI $45,526 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$599.1K
$524.2K – $698.9K
NOI $41,935 @ 7.0% cap · market cap 4.20%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,259 @ 7.0% cap · market cap 10.75%
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 - Renovated multifamily with new flat roof, porcelain flooring, new bathrooms and kitchens, and an updated electrical system.
Where is this duplex located?
The property is located at 2121 Northwest 14th Street Miami, FL.
What is the asking price?
The asking price for this property is $997,777.
What are key features of this property?
This property features: Renovated multifamily built in 1954; Flat roof replaced (tiled roof noted as existing); Porcelain flooring and updated electrical system
