Updated Duplex with
2316-2318 Northwest 98th Street Miami, FL 33147
For Sale
$649,900
Duplex offers two rental-ready units with separate bedroom/bath configurations, newly updated exterior and roof, plus on-site parking.
Property Size1,854 SF
Price / SF$350.54
Days on Market72
Property Features for 2316-2318 Northwest 98th Street
General Information
- Standard status
- Active
- Size
- 1,854 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 2005
Listing Agency:
Bestway Realty Sales, LLC
(305) 359-5801
Listed By:
Leonardo Venereo · License #3012285
(305) 359-5801
Source:
Compass
Added: May 13
Changed: Jul 23
Last Checked: Jul 23 at 7:52AM
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 Bestway Realty Sales, LLC
Investment Insights
Based on property information with market context.
This updated duplex contains two separate residential units. One unit features three bedrooms and two bathrooms, while the second unit offers two bedrooms and one bathroom. The property has been recently improved with a brand-new roof and fresh exterior paint, and it includes a yard and ample on-site parking.
Located at 2316-2318 Northwest 98th Street in Miami, the duplex is set up for occupancy by an owner-occupant in one unit while leasing the other. Both units are described as having spacious layouts and comfortable living areas.
Overall, the asset presents a straightforward two-unit income property configuration with recent exterior updates and practical outdoor and parking amenities.
Located at 2316-2318 Northwest 98th Street in Miami, the duplex is set up for occupancy by an owner-occupant in one unit while leasing the other. Both units are described as having spacious layouts and comfortable living areas.
Overall, the asset presents a straightforward two-unit income property configuration with recent exterior updates and practical outdoor and parking amenities.
Key Highlights
- Duplex built in 2005 with two separate units
- Unit 1: 3 bed / 2 bath
- Unit 2: 2 bed / 1 bath
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 | $56.7k | $30.60 |
| − Vacancy | −$3.6k | −$1.95 |
| EGI | $53.1k | $28.65 |
| − OpEx | −$15.9k | −$8.60 |
| NOI | $37.2k | $20.06 |
1,854 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$531.2K
$464.8K – $619.7K
NOI $37,183 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$489.3K
$428.1K – $570.8K
NOI $34,250 @ 7.0% cap · market cap 5.27%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,602 @ 7.0% cap · market cap 13.48%
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 - Duplex offers two rental-ready units with separate bedroom/bath configurations, newly updated exterior and roof, plus on-site parking.
Where is this duplex located?
The property is located at 2316-2318 Northwest 98th Street Miami, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Duplex built in 2005 with two separate units; Unit 1: 3 bed / 2 bath; Unit 2: 2 bed / 1 bath
