Legal Duplex with Upgraded
New
For Sale
$679,000
3001 NW 106th St, Miami, FL 33147
Residential Income, Miami, FL
Property Size1,634 SF
Price / SF$415.54
Days on Market4
Property Features for 3001 NW 106th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Parking
4
Subdivision
ACME GULFAIR 2ND ADDN
Lot features
< 1/4 Acre
Standard status
Active
APN
30-21-33-002-0320
Size
1,634 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
33 52 41 .25 AC ACME GULFAIR 2ND ADDN PB 44-68 LOT 19 BLK 2 LOT SIZE 75.000 X 142
Tax Annual Amount
8352
Legal Description
33 52 41 .25 AC ACME GULFAIR 2ND ADDN PB 44-68 LOT 19 BLK 2 LOT SIZE 75.000 X 142
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Electric
Water front
1
Building Details
Year built
1951
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
AmeriFirst Realty
(305) 595-8616
Listed By:
Jose Cabrera · License #3056608
(954) 701-3802
Added: Aug 20
Last Checked: Aug 23 at 6:06PM
MLS# A12073489
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal duplex contains two attached units, each with its own address, within a 1,634-square-foot residential income property. Built in 1951, the structure uses block construction with tile flooring, shingle roofing, electric cooling, and public sewer service.
Recent property improvements include a new roof, new A/C systems, and impact windows. Cable is available, and the duplex is located in Miami, Miami-Dade County, within ZIP Code 33147.
Recent property improvements include a new roof, new A/C systems, and impact windows. Cable is available, and the duplex is located in Miami, Miami-Dade County, within ZIP Code 33147.
Key Highlights
- Legal duplex with two attached units and separate individual addresses
- 1,634 square feet of building area
- New roof, A/C systems, and impact windows
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
$32,771
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
4.83%
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%
$655,420
$655.4K
Cap Rate 7%
$468,157
$468.2K
Cap Rate 9%
$364,122
$364.1K
Market Conditions
NOI Build-Up for 1,634 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
$50.0K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$46.8K $28.65/SF
− OpEx
−$14.0K −$8.60/SF
NOI
$32.8K $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%
$655,420
Cap Rate 7%
$468,157
Cap Rate 9%
$364,122
Alternative Uses
Best Use
Multifamily LT 5
$468.2K
$409.6K – $546.2K
NOI $32,771 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$431.2K
$377.3K – $503.1K
NOI $30,186 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$1.10M
$965.1K – $1.29M
NOI $77,207 @ 7.0% cap · market cap 11.37%
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
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
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 - Attached two-unit property with separate addresses, tile flooring, public sewer, and electric cooling.
Where is this duplex located?
The property is located at 3001 NW 106th St Miami, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Legal duplex with two attached units and separate individual addresses; 1,634 square feet of building area; New roof, A/C systems, and impact windows
