Duplex With Private
For Sale
$1,100,000
2419 NW 97th St, Miami, FL 33147
Residential Income, Miami, FL
Property Size2,572 SF
Price / SF$427.68
Days on Market49
Property Features for 2419 NW 97th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 5, Bathroom 1, Bathroom 6, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
Parking
4
Window features
Blinds
Subdivision
ACME GULFAIR
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-03-014-2640
Size
2,572 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ACME GULFAIR PB 40-87 LOT 15 BLK 20 LOT SIZE 80.000 X 105 OR 20798-3782 0902 1 COC 24421-0028 03 2006 1
Tax Annual Amount
5500
Legal Description
ACME GULFAIR PB 40-87 LOT 15 BLK 20 LOT SIZE 80.000 X 105 OR 20798-3782 0902 1 COC 24421-0028 03 2006 1
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
10-foot ceilings
impact windows and doors
built-in closets
porcelain tile flooring
large private yard
fully fenced lot
Building Details
Year built
2024
Floors in Building
1
Flooring type
Tile
Building materials
Block
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Thomas Bichi · License #3261222
(305) 608-6357
Added: Aug 14
Changed: Sep 12
Last Checked: Oct 1 at 2:06PM
MLS# A12071426
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,572 square feet with two separate residences, each configured with three bedrooms and two bathrooms. Interior features include 10-foot ceilings, porcelain tile flooring, built-in closets, impact-rated windows and doors, and central heating and cooling. Block construction supports a straightforward, low-maintenance building profile.
The property includes a large private yard enclosed by fencing, with public water service and a septic tank. There is no HOA. Situated in West Little River in Miami, the duplex is currently generating income and provides two residential layouts within one property. Its six-bedroom, four-bathroom total configuration also accommodates an owner-occupant arrangement with a separate residence on the same site.
The property includes a large private yard enclosed by fencing, with public water service and a septic tank. There is no HOA. Situated in West Little River in Miami, the duplex is currently generating income and provides two residential layouts within one property. Its six-bedroom, four-bathroom total configuration also accommodates an owner-occupant arrangement with a separate residence on the same site.
Key Highlights
- 2,572‑square‑foot duplex with two separate residences
- Each side includes 3 bedrooms and 2 bathrooms
- Built with 10‑foot ceilings, impact windows and doors, and porcelain tile flooring
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
$51,583
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
4.69%
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%
$1,031,660
$1.0M
Cap Rate 7%
$736,900
$736.9K
Cap Rate 9%
$573,144
$573.1K
Market Conditions
NOI Build-Up for 2,572 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
$78.7K $30.60/SF
− Vacancy
−$5.0K −$1.95/SF
EGI
$73.7K $28.65/SF
− OpEx
−$22.1K −$8.60/SF
NOI
$51.6K $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%
$1,031,660
Cap Rate 7%
$736,900
Cap Rate 9%
$573,144
Alternative Uses
Best Use
Multifamily LT 5
$736.9K
$644.8K – $859.7K
NOI $51,583 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$678.8K
$593.9K – $791.9K
NOI $47,514 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,528 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
673
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer modern finishes, central HVAC, and a fully enclosed outdoor area without HOA restrictions.
Where is this duplex located?
The property is located at 2419 NW 97th St Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,572‑square‑foot duplex with two separate residences; Each side includes 3 bedrooms and 2 bathrooms; Built with 10‑foot ceilings, impact windows and doors, and porcelain tile flooring
