Duplex With Two Rental
New
For Sale
$599,990
2140 NE 170th Street, North Miami Beach, FL 33162
Two separately metered residences have long-term tenants in place, with a 2020 roof replacement completed under city permits.
Property Size1,422 SF
Days on Market4
Property Features for 2140 NE 170th Street
General Information
Standard status
Active
Size
1,422 SF
Property subtype
Duplex
Additional Details
Gross Income
$49,140
Taxes and HOA fees
Annual Taxes
$5,321
Building Details
Building Size
1,422 SF
Year Built
1957
Listing Agency:
ISRAM Realty & Management
Listed By:
Eyal Melamed · License #3365148
(305) 615-9399
Source:
Silverleafrealtygroup
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 1:42PM
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 ISRAM Realty & Management
Investment Insights
Based on property information with market context.
This 1957 duplex contains two separately metered residences: a two-bedroom, two-bath unit and a two-bedroom, one-bath unit with a studio. The building totals 1,422 square feet and has a roof replaced in 2020 with city permits.
The property is located at 2140 NE 170th Street in North Miami Beach, across from Aventura. Long-term tenants occupy both residences.
The property is located at 2140 NE 170th Street in North Miami Beach, across from Aventura. Long-term tenants occupy both residences.
Key Highlights
- Two residences: 2‑bedroom/2‑bath and 2‑bedroom/1‑bath with studio
- 1,422 square feet
- Two electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,704
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,080
$474.1K
Cap Rate 7%
$338,629
$338.6K
Cap Rate 9%
$263,378
$263.4K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$35.8K $25.20/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$33.9K $23.81/SF
− OpEx
−$10.2K −$7.14/SF
NOI
$23.7K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,080
Cap Rate 7%
$338,629
Cap Rate 9%
$263,378
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.3K – $395.1K
NOI $23,704 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$312.4K
$273.4K – $364.5K
NOI $21,869 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$721.4K
$631.3K – $841.7K
NOI $50,501 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences have long-term tenants in place, with a 2020 roof replacement completed under city permits.
Where is this duplex located?
The property is located at 2140 NE 170th Street North Miami Beach, FL.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Two residences: 2‑bedroom/2‑bath and 2‑bedroom/1‑bath with studio; 1,422 square feet; Two electric meters
