Duplex Residence with Impact
For Sale
$650,000
2360 NW 98TH Street, Miami, FL 33147
Single-story duplex with 2/1 units on each side, impact windows, and a new drain field system.
Property Size1,654 SF
Price / SF$392.99
Days on Market102
Property Features for 2360 NW 98TH Street
General Information
Standard status
Active
Size
1,654 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1953
Stories
1
Tenancy
Multi
Listing Agency:
LAM International Realty LLC
Listed By:
Adolfo E Berrospi · License #0657323
(305) 281-5414
Source:
Lehmannflorida
Added: Jul 20
Changed: Oct 29
Last Checked: Oct 28 at 8:29AM
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 LAM International Realty LLC
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Investment Insights
Based on property information with market context.
Welcome to this thoughtfully designed single-story duplex residence in the ACME GULFAIR community. The property features impact windows and a newly installed drain field system. With 1,654 square feet of finished living space, the duplex offers flexible configuration for an owner-occupant or income approach. Each side is laid out as a 2/1.
The home is situated in the established ACME GULFAIR subdivision, with convenient access to Miami’s urban environment. The property also includes plenty of parking space. A shed in the backyard is noted as not conveying with the sale, though other additional storage is available.
The home is situated in the established ACME GULFAIR subdivision, with convenient access to Miami’s urban environment. The property also includes plenty of parking space. A shed in the backyard is noted as not conveying with the sale, though other additional storage is available.
Key Highlights
- Single‑story duplex (2/1 on each side) with 1,654 SF of finished living space
- Impact windows throughout
- New drain field system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,172
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,440
$663.4K
Cap Rate 7%
$473,886
$473.9K
Cap Rate 9%
$368,578
$368.6K
Market Conditions
NOI Build-Up for 1,654 SF
Gross rent
$50.6K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$47.4K $28.65/SF
− OpEx
−$14.2K −$8.60/SF
NOI
$33.2K $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 Rate 5%
$663,440
Cap Rate 7%
$473,886
Cap Rate 9%
$368,578
Alternative Uses
Best Use
Multifamily LT 5
$473.9K
$414.7K – $552.9K
NOI $33,172 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$436.5K
$381.9K – $509.3K
NOI $30,555 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$1.12M
$976.9K – $1.30M
NOI $78,152 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
689
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Single-story duplex with 2/1 units on each side, impact windows, and a new drain field system.
Where is this duplex located?
The property is located at 2360 NW 98TH Street Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Single‑story duplex (2/1 on each side) with 1,654 SF of finished living space; Impact windows throughout; New drain field system
