Two-Unit
2907 NW 48th Street, Miami, FL 33142
For Sale
$339,000
Separate living quarters offer flexibility for rental or owner occupancy.
Property Size774 SF
Price / SF$437.98
Days on Market9
Property Features for 2907 NW 48th Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Year Built
Listing Agency:
Align Right Realty K1 Group
(754) 701-4155
Listed By:
Monica Rea · License FL #3533799
(631) 921-0221
Source:
Lehmannflorida
Added: Nov 2
Changed: Nov 10
Last Checked: Nov 10 at 8:36AM
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 Align Right Realty K1 Group
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Investment Insights
Based on property information with market context.
This 774-square-foot duplex in Miami dates to 1936 and is divided into two separate residential units. Appliances are not included, and viewing is limited to a drive-by.
The property is located at 2907 NW 48th Street.
The property is located at 2907 NW 48th Street.
Key Highlights
- Two residential units
- 774 square feet
- Built in 1936
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,523
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,460
$310.5K
Cap Rate 7%
$221,757
$221.8K
Cap Rate 9%
$172,478
$172.5K
Market Conditions
NOI Build-Up for 774 SF
Gross rent
$23.7K $30.60/SF
− Vacancy
−$1.5K −$1.95/SF
EGI
$22.2K $28.65/SF
− OpEx
−$6.7K −$8.60/SF
NOI
$15.5K $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%
$310,460
Cap Rate 7%
$221,757
Cap Rate 9%
$172,478
Alternative Uses
Best Use
Multifamily LT 5
$221.8K
$194.0K – $258.7K
NOI $15,523 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$204.3K
$178.7K – $238.3K
NOI $14,298 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$522.5K
$457.2K – $609.5K
NOI $36,572 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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
$298,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living quarters offer flexibility for rental or owner occupancy.
Where is this duplex located?
The property is located at 2907 NW 48th Street Miami, FL.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two residential units; 774 square feet; Built in 1936
