2223 Northwest 32nd Street Miami, FL 33142
Fully rented duplex near Miami Airport, Wynwood, and Brickell.
Property Features for 2223 Northwest 32nd Street
General Information
- Standard status
- Active
- Size
- 1,949 SF
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1935
Listing office Coldwell Banker Realty (305) 253-2800
Listing date Nov 27, 2025
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully rented, income‑producing property.
- Prime location near Miami International Airport, Wynwood, Brickell, and beaches.
- Three units with a total rental income of $5975.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.6k | $30.60 |
| − Vacancy | −$3.8k | −$1.95 |
| EGI | $55.8k | $28.65 |
| − OpEx | −$16.8k | −$8.60 |
| NOI | $39.1k | $20.06 |
