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 Market172
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
(631) 921-0221
Listed By:
Monica Rea · License #3533799
Source:
Marcelosteinmander
Added: Mar 1
Changed: Aug 16
Last Checked: Aug 19 at 3:39PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,523
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
