Two-Unit
2185 NW 18th Street, Miami, FL 33125
For Sale
$700,000
Both residences are occupied by tenants, providing rental income from the outset.
Property Size2,662 SF
Price / SF$322.88
Days on Market12
Property Features for 2185 NW 18th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Highway Access
Additional Details
Gross Income
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Realty One Group Royal Oaks
Listed By:
Maria Marquez · License FL #3208370
(786) 346-7630
Source:
Laerrealty
Added: Nov 4
Changed: Nov 14
Last Checked: Nov 14 at 2:49AM
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 Realty One Group Royal Oaks
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Investment Insights
Based on property information with market context.
This 2,168-square-foot duplex, completed in 1956, contains two residences with a combined five bedrooms and three bathrooms. Both units are currently rented, providing in-place occupancy.
The property is near Miami International Airport and Downtown Miami, with major highways, shopping, and dining also in the surrounding area.
The property is near Miami International Airport and Downtown Miami, with major highways, shopping, and dining also in the surrounding area.
Key Highlights
- 2,168‑square‑foot duplex built in 1956
- Two units with a combined 5 bedrooms and 3 bathrooms
- Both residences are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,480
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,600
$869.6K
Cap Rate 7%
$621,143
$621.1K
Cap Rate 9%
$483,111
$483.1K
Market Conditions
NOI Build-Up for 2,168 SF
Gross rent
$66.3K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$62.1K $28.65/SF
− OpEx
−$18.6K −$8.60/SF
NOI
$43.5K $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%
$869,600
Cap Rate 7%
$621,143
Cap Rate 9%
$483,111
Alternative Uses
Best Use
Multifamily LT 5
$621.1K
$543.5K – $724.7K
NOI $43,480 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$572.1K
$500.6K – $667.5K
NOI $40,050 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,439 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
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Market
Average Price Trend$/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 - Both residences are occupied by tenants, providing rental income from the outset.
Where is this duplex located?
The property is located at 2185 NW 18th Street Miami, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,168‑square‑foot duplex built in 1956; Two units with a combined 5 bedrooms and 3 bathrooms; Both residences are currently rented
