Two-Home Duplex
2151 NW 42nd St, Miami, FL 33142
For Sale
New
$590,000
Residential Income, Miami, FL
Property Size1,322 SF
Price / SF$446.29
Days on Market2
Property Features for 2151 NW 42nd St
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Security features
Exterior features
Subdivision
Lot features
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
NB Elite Realty
(844) 444-6237
Listed By:
Jorge Zubizarreta LLC · License #0635656
(786) 294-8697
Added: Nov 6
Last Checked: Nov 7 at 2:06AM
MLS# A12072020
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two homes on a single lot, with a combined reported area of 1,322 square feet. The front residence is configured as a 2-bedroom, 1-bath unit, while the rear residence has 2 bedrooms and 2 bathrooms. Tile flooring, central air conditioning, central electric heat, and storm/security shutters are among the listed features. Public sewer service is available.
The rear home has a tenant who has occupied it for 12 years. The property was built in 1925.
The rear home has a tenant who has occupied it for 12 years. The property was built in 1925.
Key Highlights
- Two homes on one lot with a combined reported area of 1,322 square feet
- Front residence configured as 2 bedrooms and 1 bathroom
- Rear residence includes 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,513
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,260
$530.3K
Cap Rate 7%
$378,757
$378.8K
Cap Rate 9%
$294,589
$294.6K
Market Conditions
NOI Build-Up for 1,322 SF
Gross rent
$40.5K $30.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$37.9K $28.65/SF
− OpEx
−$11.4K −$8.60/SF
NOI
$26.5K $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%
$530,260
Cap Rate 7%
$378,757
Cap Rate 9%
$294,589
Alternative Uses
Best Use
Multifamily LT 5
$378.8K
$331.4K – $441.9K
NOI $26,513 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$348.9K
$305.3K – $407.0K
NOI $24,422 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$892.4K
$780.8K – $1.04M
NOI $62,465 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
Explore this area
Business Placement
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
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences on one parcel provide a front 2-bedroom, 1-bath layout and a rear 2-bedroom, 2-bath layout.
Where is this duplex located?
The property is located at 2151 NW 42nd St 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 homes on one lot with a combined reported area of 1,322 square feet; Front residence configured as 2 bedrooms and 1 bathroom; Rear residence includes 2 bedrooms and 2 bathrooms
