Two-Unit Duplex
For Sale
$649,900
Pending
2800 Northwest 48th Street, Miami, FL 33142
Each residence includes three bedrooms, one bathroom, and its own electric meter.
Property Size2,256 SF
Days on Market219
Property Features for 2800 Northwest 48th Street
General Information
Standard status
Pending
Size
2,256 SF
Property subtype
Multi-Family Income / Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$60,576
Taxes and HOA fees
Annual Taxes
$8,872
Amenities
Ceiling Fan(s)
Central, Separate Meters
1.0
Ceramic Tile, Other
1
2
Concrete Block - No Stucco
Separate Meters, Central
Shingle
No
Duplex
Building Details
Year Built
2004
Listing Agency:
Carmenati Investment Group Corp
Listed By:
Etienne Carmenaty · License #3241514
(786) 287-5865
Source:
Compass
Added: Mar 17
Changed: Oct 15
Last Checked: Oct 20 at 11:42PM
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 Carmenati Investment Group Corp
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Investment Insights
Based on property information with market context.
Built in 2004, this 2,256-square-foot duplex contains two separate residential units. Each unit is configured with 3 bedrooms and 1 bathroom, providing a consistent layout across the property. Separate electric meters serve the residences, supporting distinct utility measurement for each unit.
The property is located at 2800 Northwest 48th Street in Miami, Florida 33142. The source information identifies the asset as a residential income property with reported monthly income, although no financial amount is included here.
The property is located at 2800 Northwest 48th Street in Miami, Florida 33142. The source information identifies the asset as a residential income property with reported monthly income, although no financial amount is included here.
Key Highlights
- 2,256‑square‑foot duplex property
- Two units, each with 3 bedrooms and 1 bathroom
- Separate electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,245
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,900
$904.9K
Cap Rate 7%
$646,357
$646.4K
Cap Rate 9%
$502,722
$502.7K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$69.0K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$64.6K $28.65/SF
− OpEx
−$19.4K −$8.60/SF
NOI
$45.2K $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%
$904,900
Cap Rate 7%
$646,357
Cap Rate 9%
$502,722
Alternative Uses
Best Use
Multifamily LT 5
$646.4K
$565.6K – $754.1K
NOI $45,245 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$595.4K
$521.0K – $694.6K
NOI $41,676 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,597 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,651
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, one bathroom, and its own electric meter.
Where is this duplex located?
The property is located at 2800 Northwest 48th Street Miami, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,256‑square‑foot duplex property; Two units, each with 3 bedrooms and 1 bathroom; Separate electric meters for each unit
