Well-Maintained Duplex
247 NW 51st Ave Miami, FL 33126
For Sale
Contact for pricing
Duplex includes two residential units with separate bed and bath counts, currently leased for immediate rental income.
Property Size2,172 SF
Price / SF$413.44
Days on Market45
Property Features for 247 NW 51st Ave
General Information
- Standard status
- Active
- Size
- 2,172 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing Agency:
The Keyes Company
(305) 283-3861
Listed By:
Millie Doyle · License #3288927
Source:
Crexi
Added: Jun 9
Changed: Jul 22
Last Checked: Jul 22 at 5:40PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This well-maintained duplex features two spacious residential units. Unit A offers 3 bedrooms and 2 bathrooms, and Unit B offers 2 bedrooms and 1 bathroom. The property is described as being in great condition and well cared for.
Both units are currently occupied by long-term tenants who would like to remain with the property, supporting immediate rental income for a new owner if desired. The property is conveniently located near shopping, dining, schools, and major roadways.
For buyers seeking an income-producing residential investment, this duplex provides two separate unit configurations within a single asset.
Both units are currently occupied by long-term tenants who would like to remain with the property, supporting immediate rental income for a new owner if desired. The property is conveniently located near shopping, dining, schools, and major roadways.
For buyers seeking an income-producing residential investment, this duplex provides two separate unit configurations within a single asset.
Key Highlights
- Duplex built in 1966 with two separate residential units
- Unit A: 3 bedrooms and 2 bathrooms
- Unit B: 2 bedrooms and 1 bathroom
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 | $66.5k | $30.60 |
| − Vacancy | −$4.2k | −$1.95 |
| EGI | $62.2k | $28.65 |
| − OpEx | −$18.7k | −$8.60 |
| NOI | $43.6k | $20.06 |
2,172 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$622.3K
$544.5K – $726.0K
NOI $43,561 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$573.2K
$501.6K – $668.7K
NOI $40,124 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,628 @ 7.0% cap · market cap 11.43%
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 - Duplex includes two residential units with separate bed and bath counts, currently leased for immediate rental income.
Where is this duplex located?
The property is located at 247 NW 51st Ave Miami, FL.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: Duplex built in 1966 with two separate residential units; Unit A: 3 bedrooms and 2 bathrooms; Unit B: 2 bedrooms and 1 bathroom
