Updated Duplex with In-Unit
2373 Northwest 61st Street Miami, FL 33142
For Sale
$629,000
Completely updated duplex with two bedrooms per unit, two bathrooms total, and in-unit washer and dryer for each unit.
Property Size1,512 SF
Price / SF$416.01
Days on Market126
Property Features for 2373 Northwest 61st Street
General Information
- Standard status
- Active
- Size
- 1,512 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1970
Listing Agency:
Kerdyk Real Estate, Inc.
(305) 446-2586
Listed By:
Roy F Arias · License #3310350
(305) 446-2586
Source:
Compass
Added: Mar 21
Changed: Jul 21
Last Checked: Jul 21 at 6:01AM
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 Kerdyk Real Estate, Inc.
Investment Insights
Based on property information with market context.
This updated duplex has been completely renovated in 2026 and includes a new roof, new electrical, new plumbing, new impact windows, and updated interiors. Each unit features 2 bedrooms and 1 bathroom, with updated kitchens, bathrooms, and floors. The property is set up with 2 electrical meters. For day-to-day convenience, each unit has its own washer and dryer.
The property is located minutes from the airport and near the art district and Wynwood.
As configured, the duplex provides two separate residential units within a fully refreshed building system and finishes, offering a turnkey setup for rental use.
The property is located minutes from the airport and near the art district and Wynwood.
As configured, the duplex provides two separate residential units within a fully refreshed building system and finishes, offering a turnkey setup for rental use.
Key Highlights
- Completely updated duplex with year built 1970 and major renovations completed in 2026
- New roof, new electrical, and new plumbing, plus impact windows
- Each unit has 2 bedrooms and 1 bathroom for a 2/1 unit layout
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 | $46.3k | $30.60 |
| − Vacancy | −$2.9k | −$1.95 |
| EGI | $43.3k | $28.65 |
| − OpEx | −$13.0k | −$8.60 |
| NOI | $30.3k | $20.06 |
1,512 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.2K
$379.1K – $505.4K
NOI $30,324 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$399.0K
$349.2K – $465.5K
NOI $27,932 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$1.02M
$893.0K – $1.19M
NOI $71,443 @ 7.0% cap · market cap 11.36%
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 - Completely updated duplex with two bedrooms per unit, two bathrooms total, and in-unit washer and dryer for each unit.
Where is this duplex located?
The property is located at 2373 Northwest 61st Street Miami, FL.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Completely updated duplex with year built 1970 and major renovations completed in 2026; New roof, new electrical, and new plumbing, plus impact windows; Each unit has 2 bedrooms and 1 bathroom for a 2/1 unit layout
