2-Unit Duplex with Fenced
For Sale
$615,000
2137 NW 99th Ter, Miami, FL 33147
Two separate residences include updated interiors, off-street parking, and a shared outdoor area with mature fruit trees.
Property Size1,890 SF
Price / SF$325.40
Days on Market93
Property Features for 2137 NW 99th Ter
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,733
Building Details
Building Size
1,890 SF
Year Built
1971
Listing Agency:
EXP Realty, LLC.
Listed By:
Melissa Miller · License #3022898
(954) 588-8991
Source:
Debuirerealty
Added: Jul 29
Changed: Oct 27
Last Checked: Oct 26 at 4:14PM
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 EXP Realty, LLC.
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, with a total property size of 1,890 and a 1971 construction date. Unit 1 has updated, well-kept living areas. Unit 2 features an open living area, luxury plank flooring, recessed lighting, gray shaker-style kitchen cabinetry, quartz-style countertops, stainless steel appliances, and a bathroom with contemporary tile accents. Both units have functional layouts and spacious bedrooms.
The property includes a fenced backyard with mature fruit trees and off-street parking. The roof is described as three years old. Major highways, shopping, dining, schools, and public transportation are noted in the surrounding area.
The property includes a fenced backyard with mature fruit trees and off-street parking. The roof is described as three years old. Major highways, shopping, dining, schools, and public transportation are noted in the surrounding area.
Key Highlights
- Two‑unit duplex with a total property size of 1,890
- Built in 1971
- Unit 2 has plank flooring, recessed lighting, stainless steel appliances, and quartz‑style countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,905
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,100
$758.1K
Cap Rate 7%
$541,500
$541.5K
Cap Rate 9%
$421,167
$421.2K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$57.8K $30.60/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$54.1K $28.65/SF
− OpEx
−$16.2K −$8.60/SF
NOI
$37.9K $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%
$758,100
Cap Rate 7%
$541,500
Cap Rate 9%
$421,167
Alternative Uses
Best Use
Multifamily LT 5
$541.5K
$473.8K – $631.8K
NOI $37,905 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$498.8K
$436.4K – $581.9K
NOI $34,915 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,303 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
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 separate residences include updated interiors, off-street parking, and a shared outdoor area with mature fruit trees.
Where is this duplex located?
The property is located at 2137 NW 99th Ter Miami, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑unit duplex with a total property size of 1,890; Built in 1971; Unit 2 has plank flooring, recessed lighting, stainless steel appliances, and quartz‑style countertops
