Corner-Lot
New
For Sale
$749,000
261 NW 67th St, Miami, FL 33150
Two detached residences provide separate living spaces within one duplex property.
Property Size1,440 SF
Days on Market5
Property Features for 261 NW 67th St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,791
Building Details
Building Size
1,440 SF
Year Built
1949
Buildings
1
Listing Agency:
Elite International Realty Inc
Listed By:
Camilo Aristizabal · License #3094541
(786) 395-3813
Source:
Vanessafrankmiami
Added: Oct 9
Changed: Oct 12
Last Checked: Oct 13 at 3:22AM
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 Elite International Realty Inc
Investment Insights
Based on property information with market context.
Built in 1949, this duplex consists of two detached residences, each arranged with the feel of an individual home. Section 8 tenants currently occupy the property.
The property is in Little Haiti, Miami, a couple of blocks from AJ Capital’s 27-acre development project.
The property is in Little Haiti, Miami, a couple of blocks from AJ Capital’s 27-acre development project.
Key Highlights
- Detached duplex on a corner lot
- Two separate residences with individual‑home layouts
- Occupied by Section 8 tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,880
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,600
$577.6K
Cap Rate 7%
$412,571
$412.6K
Cap Rate 9%
$320,889
$320.9K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$44.1K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.3K $28.65/SF
− OpEx
−$12.4K −$8.60/SF
NOI
$28.9K $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%
$577,600
Cap Rate 7%
$412,571
Cap Rate 9%
$320,889
Alternative Uses
Best Use
Multifamily LT 5
$412.6K
$361.0K – $481.3K
NOI $28,880 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$380.0K
$332.5K – $443.4K
NOI $26,602 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$972.0K
$850.5K – $1.13M
NOI $68,041 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
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 detached residences provide separate living spaces within one duplex property.
Where is this duplex located?
The property is located at 261 NW 67th St Miami, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Detached duplex on a corner lot; Two separate residences with individual‑home layouts; Occupied by Section 8 tenants
