Two-Unit Duplex
For Sale
$795,000
2323 NW 55th Ter, Miami, FL 33142
Move-in-ready duplex offers two two-story 3-bed/3-bath units with interior staircases and private baths for every bedroom.
Property Size2,400 SF
Price / SF$331.25
Days on Market61
Property Features for 2323 NW 55th Ter
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,381
Building Details
Building Size
2,400 SF
Year Built
2026
Stories
2
Listing Agency:
Ark Real Estate Brokerage, LLC.
Listed By:
David Diaz · License #3474304
Source:
Casacollectiongroup
Added: Jul 10
Changed: Aug 28
Last Checked: Sep 7 at 7:03AM
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 Ark Real Estate Brokerage, LLC.
Investment Insights
Based on property information with market context.
New construction duplex is move-in ready and laid out as two spacious, two-story units. Each unit features 3 bedrooms and 3 bathrooms with an interior staircase, including a private full bath for every bedroom. Finishes include porcelain floors and quartz counters, and the home is described as built with full impact windows and doors plus security features.
The property is at 2323 NW 55th Ter in Miami, FL 33142, on a quiet, central street, with ample on-site parking. The remarks note it is minutes from major highways and from Downtown, Wynwood, and the Design District, as well as MIA.
The property is described as CBS construction built to today’s codes. The seller notes that AIRBNB and short-term rentals are allowed in unincorporated Miami-Dade, making the duplex suitable for either owner-occupancy with rental income from one unit or operating both units as short-term rentals based on the bed/bath mix.
The property is at 2323 NW 55th Ter in Miami, FL 33142, on a quiet, central street, with ample on-site parking. The remarks note it is minutes from major highways and from Downtown, Wynwood, and the Design District, as well as MIA.
The property is described as CBS construction built to today’s codes. The seller notes that AIRBNB and short-term rentals are allowed in unincorporated Miami-Dade, making the duplex suitable for either owner-occupancy with rental income from one unit or operating both units as short-term rentals based on the bed/bath mix.
Key Highlights
- Duplex built in 2026 with two two‑story 3 bed/3 bath units, each with interior staircases
- Layout includes a private full bath for every bedroom
- Move‑in‑ready with porcelain floors and quartz counters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,133
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$962,660
$962.7K
Cap Rate 7%
$687,614
$687.6K
Cap Rate 9%
$534,811
$534.8K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$73.4K $30.60/SF
− Vacancy
−$4.7K −$1.95/SF
EGI
$68.8K $28.65/SF
− OpEx
−$20.6K −$8.60/SF
NOI
$48.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$962,660
Cap Rate 7%
$687,614
Cap Rate 9%
$534,811
Alternative Uses
Best Use
Multifamily LT 5
$687.6K
$601.7K – $802.2K
NOI $48,133 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$633.4K
$554.2K – $738.9K
NOI $44,336 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
883
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Move-in-ready duplex offers two two-story 3-bed/3-bath units with interior staircases and private baths for every bedroom.
Where is this duplex located?
The property is located at 2323 NW 55th Ter Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Duplex built in 2026 with two two‑story 3 bed/3 bath units, each with interior staircases; Layout includes a private full bath for every bedroom; Move‑in‑ready with porcelain floors and quartz counters
