1-Bedroom Duplex with Income
2223 NW 3rd St Miami, FL 33125
For Sale
Contact for pricing
Two 1-bedroom, 1-bath units make this duplex a straightforward owner-occupant or rental income option.
Property Size1,809 SF
Price / SF$254.28
Days on Market112
Property Features for 2223 NW 3rd St
General Information
- Standard status
- Active
- Size
- 1,809 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing Agency:
Fausto Commercial Realty Consultants
(305) 340-8901
Listed By:
Mauricio Villasuso · License #3254982
Source:
Crexi
Added: Apr 4
Changed: Jul 21
Last Checked: Jul 23 at 2:08PM
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 Fausto Commercial Realty Consultants
Investment Insights
Based on property information with market context.
This charming duplex at 2223 NW 3rd St, Miami, FL 33125 features two separate 1-bedroom, 1-bath residences. Each unit is described as offering approximately 900 square feet of comfortable living space, providing a simple two-home setup for either an owner-occupant arrangement or a long-term rental strategy.
Located in West Little Havana, the property is described as minutes from key areas with easy access to Downtown and major highways. The surrounding area is characterized by nearby supermarkets, restaurants, cafes, local shows, and proximity to the Miami River Landing complex.
Both units share a similar 1-bedroom layout, supporting a cohesive rental offering within the duplex configuration.
Located in West Little Havana, the property is described as minutes from key areas with easy access to Downtown and major highways. The surrounding area is characterized by nearby supermarkets, restaurants, cafes, local shows, and proximity to the Miami River Landing complex.
Both units share a similar 1-bedroom layout, supporting a cohesive rental offering within the duplex configuration.
Key Highlights
- Duplex built in 1925 with two 1‑bedroom, 1‑bath units
- Each unit offers approximately 900 SF of living space
- West Little Havana location, just minutes from Downtown and major highways
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 | $55.4k | $30.60 |
| − Vacancy | −$3.5k | −$1.95 |
| EGI | $51.8k | $28.65 |
| − OpEx | −$15.5k | −$8.60 |
| NOI | $36.3k | $20.06 |
1,809 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$518.3K
$453.5K – $604.7K
NOI $36,280 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$477.4K
$417.7K – $557.0K
NOI $33,418 @ 7.0% cap · market cap 7.26%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,476 @ 7.0% cap · market cap 18.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 1-bedroom, 1-bath units make this duplex a straightforward owner-occupant or rental income option.
Where is this duplex located?
The property is located at 2223 NW 3rd St Miami, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Duplex built in 1925 with two 1‑bedroom, 1‑bath units; Each unit offers approximately 900 SF of living space; West Little Havana location, just minutes from Downtown and major highways
