Duplex With Independent
For Sale
$339,000
2925 NW 48th Street, Miami, FL 33142
Two residential units offer distinct living spaces within one duplex property.
Property Size774 SF
Days on Market222
Property Features for 2925 NW 48th Street
General Information
Standard status
Active
Size
774 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,214
Building Details
Building Size
774 SF
Year Built
1936
Listing Agency:
Align Right Realty K1 Group
Listed By:
Monica Rea · License #3533799
(631) 921-0221
Source:
Marcelosteinmander
Added: Mar 1
Changed: Oct 2
Last Checked: Oct 7 at 4:04PM
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
Investment Insights
Based on property information with market context.
Built in 1936, this Miami duplex contains two residential units arranged as separate living spaces within one property. The configuration supports distinct occupancy for each residence, while the listing is designated for drive-by viewing only. Appliances are not included.
The property is located at 2925 NW 48th Street in Miami, Florida 33142. It is one of four duplex listings identified on the same block, offering a concentrated location for consideration of multiple properties.
The property is located at 2925 NW 48th Street in Miami, Florida 33142. It is one of four duplex listings identified on the same block, offering a concentrated location for consideration of multiple properties.
Key Highlights
- Two residential units within one duplex property
- Built in 1936
- Appliances are not included
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,230
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
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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 residential units offer distinct living spaces within one duplex property.
Where is this duplex located?
The property is located at 2925 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 within one duplex property; Built in 1936; Appliances are not included
