Remodeled Two-Unit
For Sale
$649,999
2512 Northwest 68th Street, Miami, FL 33147
Independent residences provide private entrances, separate laundry areas, and flexible occupancy options.
Property Size1,560 SF
Price / SF$416.67
Days on Market183
Property Features for 2512 Northwest 68th Street
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$750,411
Building Details
Year Built
1959
Listing Agency:
Legacy Group Real Estate, LLC.
Listed By:
Yamisderky Pelier Barranco · License #3429978
(305) 556-8685
Source:
Compass
Added: Apr 8
Changed: Oct 6
Last Checked: Oct 7 at 2:50PM
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 Legacy Group Real Estate, LLC.
Investment Insights
Based on property information with market context.
This duplex contains 1,560 square feet arranged as two independent two-bedroom, one-bath residences. Each unit has its own entrance and separate laundry area, creating distinct living spaces within the same property. The layout supports separate occupancy and may suit an owner-occupant arrangement with one residence retained for income use.
Remodeling includes impact windows, a new roof, refreshed kitchens, renovated bathrooms, updated flooring, and contemporary interior finishes. The property was built in 1959 and is located at 2512 Northwest 68th Street in Miami, Florida 33147. Permitting and municipal documentation for selected improvements are currently underway, with the seller working toward completion.
Remodeling includes impact windows, a new roof, refreshed kitchens, renovated bathrooms, updated flooring, and contemporary interior finishes. The property was built in 1959 and is located at 2512 Northwest 68th Street in Miami, Florida 33147. Permitting and municipal documentation for selected improvements are currently underway, with the seller working toward completion.
Key Highlights
- Two independent 2‑bedroom, 1‑bath units within 1,560 square feet
- Private entrance and separate laundry area for each unit
- Remodeled with impact windows, new roof, updated kitchens, and renovated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,287
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,740
$625.7K
Cap Rate 7%
$446,957
$447.0K
Cap Rate 9%
$347,633
$347.6K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$47.7K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$44.7K $28.65/SF
− OpEx
−$13.4K −$8.60/SF
NOI
$31.3K $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 Rate 5%
$625,740
Cap Rate 7%
$446,957
Cap Rate 9%
$347,633
Alternative Uses
Best Use
Multifamily LT 5
$447.0K
$391.1K – $521.5K
NOI $31,287 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$411.7K
$360.2K – $480.3K
NOI $28,819 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$1.05M
$921.4K – $1.23M
NOI $73,711 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,147
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 - Independent residences provide private entrances, separate laundry areas, and flexible occupancy options.
Where is this duplex located?
The property is located at 2512 Northwest 68th Street Miami, FL.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: Two independent 2‑bedroom, 1‑bath units within 1,560 square feet; Private entrance and separate laundry area for each unit; Remodeled with impact windows, new roof, updated kitchens, and renovated bathrooms
