Income-Generating Duplex
26410 SW 138th Court Homestead, FL 33032
For Sale
$599,998
Duplex offers two 3-bed, 2-bath units with central air and separate electric and water meters for each side.
Property Size2,214 SF
Price / SF$271
Days on Market16
Property Features for 26410 SW 138th Court
General Information
- Standard status
- Active
- Size
- 2,214 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2005
Listing Agency:
Modern World Realty
(305) 903-9158
Listed By:
John A. Mena · License #R11153657
(305) 903-9158
Source:
Lehmannflorida
Added: Jul 9
Changed: Jul 24
Last Checked: Jul 24 at 2:44AM
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 Modern World Realty
Investment Insights
Based on property information with market context.
This duplex provides two residential units, each configured with 3 bedrooms and 2 bathrooms. The property totals 6 bedrooms and 4 bathrooms, and includes central air conditioning. Separate electric and water meters support independent utility responsibility by unit.
The rear unit is currently occupied by a long-term tenant. The front unit is vacant and ready for a new tenant or owner-occupant.
Buyer and buyer’s agent must independently verify all property information, rental amounts, lease terms, and any applicable program requirements; please do not disturb the tenant.
The rear unit is currently occupied by a long-term tenant. The front unit is vacant and ready for a new tenant or owner-occupant.
Buyer and buyer’s agent must independently verify all property information, rental amounts, lease terms, and any applicable program requirements; please do not disturb the tenant.
Key Highlights
- Duplex built in 2005 with two separate 3‑bedroom, 2‑bath units (3/2 each)
- Central air in each unit
- Separate electric and water meters for each side
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 | $55.8k | $25.20 |
| − Vacancy | −$3.1k | −$1.39 |
| EGI | $52.7k | $23.81 |
| − OpEx | −$15.8k | −$7.14 |
| NOI | $36.9k | $16.67 |
2,214 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$527.2K
$461.3K – $615.1K
NOI $36,907 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$486.4K
$425.6K – $567.5K
NOI $34,050 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$1.12M
$982.9K – $1.31M
NOI $78,628 @ 7.0% cap · market cap 13.10%
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 offers two 3-bed, 2-bath units with central air and separate electric and water meters for each side.
Where is this duplex located?
The property is located at 26410 SW 138th Court Homestead, FL.
What is the asking price?
The asking price for this property is $599,998.
What are key features of this property?
This property features: Duplex built in 2005 with two separate 3‑bedroom, 2‑bath units (3/2 each); Central air in each unit; Separate electric and water meters for each side
