Renovated Duplex with
For Sale
$649,998
2729 NW 47th St, Miami, FL 33142
Two separately metered residences with private mechanical systems, secure fencing, and a shared rear yard.
Property Size1,485 SF
Price / SF$437.71
Days on Market268
Property Features for 2729 NW 47th St
General Information
Standard status
Active
Size
1,485 SF
Total Parking Spaces
5
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$84,000
Taxes and HOA fees
Annual Taxes
$8,484
Amenities
separate electric meters
air conditioning
water heaters
impact windows
new kitchen
new flooring
fully fenced
security cameras
large backyard
Building Details
Building Size
1,485 SF
Year Built
1958
Listing Agency:
United Realty Group Inc
Listed By:
Connie Ferreira · License #3299055
(305) 200-9773
Source:
Casacollectiongroup
Added: Jan 29
Changed: Oct 21
Last Checked: Oct 23 at 4:43PM
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 United Realty Group Inc
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Investment Insights
Based on property information with market context.
This 1,485-square-foot duplex, built in 1958, contains two residences configured with two bedrooms and two bathrooms apiece. Each unit has its own electric meter, AC unit, and water heater. One residence has impact windows, a recently installed kitchen, and new flooring. An RV is included with the property.
The site is enclosed by fencing and includes security cameras, parking for up to 5 vehicles, and a large backyard. The property is located at 2729 Northwest 47th Street in Miami, Florida 33142, within an area described as rapidly growing and supported by rental demand. Both units are currently rented at market rates.
The site is enclosed by fencing and includes security cameras, parking for up to 5 vehicles, and a large backyard. The property is located at 2729 Northwest 47th Street in Miami, Florida 33142, within an area described as rapidly growing and supported by rental demand. Both units are currently rented at market rates.
Key Highlights
- Two‑unit duplex with 1,485 square feet of building area
- Each residence includes 2 bedrooms and 2 bathrooms
- Separate electric meters, AC units, and water heaters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,782
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,640
$595.6K
Cap Rate 7%
$425,457
$425.5K
Cap Rate 9%
$330,911
$330.9K
Market Conditions
NOI Build-Up for 1,485 SF
Gross rent
$45.4K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$42.5K $28.65/SF
− OpEx
−$12.8K −$8.60/SF
NOI
$29.8K $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%
$595,640
Cap Rate 7%
$425,457
Cap Rate 9%
$330,911
Alternative Uses
Best Use
Multifamily LT 5
$425.5K
$372.3K – $496.4K
NOI $29,782 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$391.9K
$342.9K – $457.2K
NOI $27,433 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$1.00M
$877.1K – $1.17M
NOI $70,167 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences with private mechanical systems, secure fencing, and a shared rear yard.
Where is this duplex located?
The property is located at 2729 NW 47th St Miami, FL.
What is the asking price?
The asking price for this property is $649,998.
What are key features of this property?
This property features: Two‑unit duplex with 1,485 square feet of building area; Each residence includes 2 bedrooms and 2 bathrooms; Separate electric meters, AC units, and water heaters for each unit
