Remodeled Duplex With Two Updated
For Sale
$619,999
Pending
2352 NW 102nd St, Miami, FL 33147
Tastefully remodeled duplex with two units, separate utilities, new kitchens, new A/C units, and recently replaced septic system.
Property Size1,969 SF
Days on Market124
Property Features for 2352 NW 102nd St
General Information
Standard status
Pending
Size
1,969 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,631
Building Details
Building Size
1,969 SF
Year Built
1988
Listing Agency:
Precision Real Estate Group
Listed By:
Daniel Guerrero · License #3460312
Source:
Marcelosteinmander
Added: May 9
Changed: Sep 8
Last Checked: Sep 8 at 11:19AM
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 Precision Real Estate Group
Investment Insights
Based on property information with market context.
This tastefully remodeled duplex offers two spacious, updated units configured as a 3-bedroom, 2-bath home and a 2-bedroom, 1-bath home. Each unit has been refreshed with brand new kitchens and new countertops. The property also includes separate utilities for both units.
Major system upgrades have been completed, including new A/C units for both sides, plus a brand new septic tank and drain field completed this year.
Both tenants are on a month-to-month arrangement, supporting flexibility for ownership planning. The property is located at 2352 NW 102nd St, Miami, FL 33147.
Major system upgrades have been completed, including new A/C units for both sides, plus a brand new septic tank and drain field completed this year.
Both tenants are on a month-to-month arrangement, supporting flexibility for ownership planning. The property is located at 2352 NW 102nd St, Miami, FL 33147.
Key Highlights
- Tastefully remodeled duplex built in 1988 with 2 units: a 3/2 and a 2/1
- Separate utilities for each unit
- New kitchens in both units with new countertops
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
$39,489
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
6.37%
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%
$789,780
$789.8K
Cap Rate 7%
$564,129
$564.1K
Cap Rate 9%
$438,767
$438.8K
Market Conditions
NOI Build-Up for 1,969 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
$60.3K $30.60/SF
− Vacancy
−$3.8K −$1.95/SF
EGI
$56.4K $28.65/SF
− OpEx
−$16.9K −$8.60/SF
NOI
$39.5K $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 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%
$789,780
Cap Rate 7%
$564,129
Cap Rate 9%
$438,767
Alternative Uses
Best Use
Multifamily LT 5
$564.1K
$493.6K – $658.2K
NOI $39,489 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$519.6K
$454.7K – $606.2K
NOI $36,374 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,036 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Tastefully remodeled duplex with two units, separate utilities, new kitchens, new A/C units, and recently replaced septic system.
Where is this duplex located?
The property is located at 2352 NW 102nd St Miami, FL.
What is the asking price?
The asking price for this property is $619,999.
What are key features of this property?
This property features: Tastefully remodeled duplex built in 1988 with 2 units: a 3/2 and a 2/1; Separate utilities for each unit; New kitchens in both units with new countertops
