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Two-Home Duplex Property
New
For Sale
$590,000

2151 NW 42nd Street, Miami, FL 33142

Two detached rental residences occupy one lot, with separate two-bedroom layouts and existing tenancy.

Property Size1,288 SF
Price / SF$741.21
Days on Market2

Property Features for 2151 NW 42nd Street

General Information

Standard status Active
Size 1,288 SF
Total Parking Spaces 6
Property subtype Residential Income
Zoning 5700

Property Condition

Severity Minor
Evidence some repairs needed

Units

Unit Mix 1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units 2

Additional Details

Gross Income $49,200

Taxes and HOA fees

Annual Taxes $6,192

Building Details

Building Size 1,288 SF
Year Built 1925
Buildings 2
Stories 1
Listing Agency: NB Elite Realty
Listed By: Jorge F Zubizarreta · License #0635656
Source: Laerrealty
Added: Aug 17 Changed: Aug 18 Last Checked: Aug 18 at 10:37AM

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 NB Elite Realty

Investment Insights

Based on property information with market context.

This duplex property includes two rental residences on a single lot at 2151 NW 42nd Street in Miami. The front home is configured as a two-bedroom, one-bath residence, while the rear home provides two bedrooms and two bathrooms. Both residences are currently tenant-occupied. The rear property has repair needs, although its existing tenant has remained in place for 12 years and accepts the current condition.

Built in 1925, the property is identified with zoning designation 5700. The sale is subject to a 1031 exchange. The two-home configuration provides separate residential spaces within one investment property.

Key Highlights

  • Two rental homes situated on one lot
  • Front residence configured as 2 bedrooms and 1 bathroom
  • Rear residence offers 2 bedrooms and 2 bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Electrical Service Skin Care Clinic Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,298
Businesses Nearby

Demographics for 33142, FL

55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two detached rental residences occupy one lot, with separate two-bedroom layouts and existing tenancy.
Where is this duplex located?
The property is located at 2151 NW 42nd Street Miami, FL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Two rental homes situated on one lot; Front residence configured as 2 bedrooms and 1 bathroom; Rear residence offers 2 bedrooms and 2 bathrooms
More about this property
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