Renovated Turnkey Duplex
For Sale
$1,100,000
3000 NW 13th Street, Miami, FL 33125
Turnkey duplex with extensive renovations, including new driveway, impact doors and windows, plumbing, and flooring.
Property Size2,578 SF
Price / SF$426.69
Days on Market56
Property Features for 3000 NW 13th Street
General Information
Standard status
Active
Size
2,578 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1970
Listing Agency:
Casa Collective Realty
Listed By:
Claudia Denise Betancourt
(786) 961-4196
Source:
Lehmannflorida
Added: Jul 22
Changed: Sep 14
Last Checked: Sep 15 at 7:38AM
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 Casa Collective Realty
Investment Insights
Based on property information with market context.
This renovated turnkey duplex is presented fully updated and ready for new ownership. Improvements called out in the listing include a new driveway, new impact doors and windows, new plumbing, new flooring, and modern finishes throughout. The property is currently fully rented, providing rental income from day one.
The duplex is located at 3000 NW 13th Street in Miami, positioned just 3 minutes from Miami International Airport and New Miami Stadium, with easy access to major highways. The listing also notes proximity to shopping, dining, and employment centers.
As a duplex property with extensive interior and exterior updates already completed, it offers a straightforward residential income configuration for buyers seeking a low-maintenance, income-producing asset.
The duplex is located at 3000 NW 13th Street in Miami, positioned just 3 minutes from Miami International Airport and New Miami Stadium, with easy access to major highways. The listing also notes proximity to shopping, dining, and employment centers.
As a duplex property with extensive interior and exterior updates already completed, it offers a straightforward residential income configuration for buyers seeking a low-maintenance, income-producing asset.
Key Highlights
- Renovated duplex built in 1970
- Extensive updates include new driveway, impact doors and windows, new plumbing, and new flooring
- Fully rented with rental income in place
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
$51,703
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
4.70%
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%
$1,034,060
$1.0M
Cap Rate 7%
$738,614
$738.6K
Cap Rate 9%
$574,478
$574.5K
Market Conditions
NOI Build-Up for 2,578 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
$78.9K $30.60/SF
− Vacancy
−$5.0K −$1.95/SF
EGI
$73.9K $28.65/SF
− OpEx
−$22.2K −$8.60/SF
NOI
$51.7K $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%
$1,034,060
Cap Rate 7%
$738,614
Cap Rate 9%
$574,478
Alternative Uses
Best Use
Multifamily LT 5
$738.6K
$646.3K – $861.7K
NOI $51,703 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$680.3K
$595.3K – $793.7K
NOI $47,624 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,812 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,504
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Turnkey duplex with extensive renovations, including new driveway, impact doors and windows, plumbing, and flooring.
Where is this duplex located?
The property is located at 3000 NW 13th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Renovated duplex built in 1970; Extensive updates include new driveway, impact doors and windows, new plumbing, and new flooring; Fully rented with rental income in place
