2020-Built Duplex with Privacy
For Sale
Contact for pricing
2419 NW 101st St, Miami, FL 33147
Two residential units feature three-bedroom layouts, stainless appliances, in-unit laundry, and separate fenced yards.
Property Size2,397 SF
Price / SF$324.99
Days on Market170
Property Features for 2419 NW 101st St
General Information
Standard status
Active
Size
2,397 SF
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
5700
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
stainless steel appliances
impact windows/doors
tile floors
laundry closets with washers/dryers
large yards
privacy fences
Building Details
Year Built
2020
Buildings
1
Listing Agency:
Compass Florida, LLC
(305) 803-7695
Listed By:
Gilma Carreras · License #3278788
Source:
Crexi
Added: Mar 16
Changed: Aug 30
Last Checked: Aug 30 at 4:42PM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
Built in 2020, this duplex contains two residential units with a combined property size of 2,397 SF. Each residence includes three bedrooms and two bathrooms, along with living, dining, and family room areas. Kitchens are fitted with peninsula counters and stainless steel appliances, while laundry closets include washers and dryers. Tile flooring, impact-resistant windows and doors, and individually divided yards with privacy fencing complete the unit features.
The property is located at 2419 NW 101st St in Miami, Florida. Zoning is identified as 5700. Its residential configuration supports use by tenants or an owner-occupant, as described in the property information.
The property is located at 2419 NW 101st St in Miami, Florida. Zoning is identified as 5700. Its residential configuration supports use by tenants or an owner-occupant, as described in the property information.
Key Highlights
- Two‑unit duplex built in 2020
- 2,397 SF property size
- Each unit has 3 beds and 2 baths
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
$48,073
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
6.17%
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%
$961,460
$961.5K
Cap Rate 7%
$686,757
$686.8K
Cap Rate 9%
$534,144
$534.1K
Market Conditions
NOI Build-Up for 2,397 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
$73.3K $30.60/SF
− Vacancy
−$4.7K −$1.95/SF
EGI
$68.7K $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%
$961,460
Cap Rate 7%
$686,757
Cap Rate 9%
$534,144
Alternative Uses
Best Use
Multifamily LT 5
$686.8K
$600.9K – $801.2K
NOI $48,073 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$632.6K
$553.5K – $738.0K
NOI $44,281 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,259 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
651
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature three-bedroom layouts, stainless appliances, in-unit laundry, and separate fenced yards.
Where is this duplex located?
The property is located at 2419 NW 101st St Miami, FL.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2020; 2,397 SF property size; Each unit has 3 beds and 2 baths
