Duplex Residence with Impact
2360 NW 98TH Street Miami, FL 33147
New
For Sale
$675,000
Single-story duplex with 2/1 units on each side, impact windows, and a new drain field system.
Property Size1,654 SF
Price / SF$408.10
Days on Market7
Property Features for 2360 NW 98TH Street
General Information
- Standard status
- Active
- Size
- 1,654 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1953
Listing Agency:
LAM International Realty LLC
(305) 281-5414
Listed By:
Alfonso Lam · License #3176578
(305) 281-5414
Source:
Lehmannflorida
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 25 at 8:56PM
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
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 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 | $50.6k | $30.60 |
| − Vacancy | −$3.2k | −$1.95 |
| EGI | $47.4k | $28.65 |
| − OpEx | −$14.2k | −$8.60 |
| NOI | $33.2k | $20.06 |
1,654 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$473.9K
$414.7K – $552.9K
NOI $33,172 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$436.5K
$381.9K – $509.3K
NOI $30,555 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$1.12M
$976.9K – $1.30M
NOI $78,152 @ 7.0% cap · market cap 11.58%
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 - 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 $675,000.
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
