4-Unit
New
For Sale
$1,000,000
3001 NW 21st Court, Miami, FL 33142
A duplex and two efficiency units are fully occupied, with tenants covering their own electricity and Wi-Fi.
Property Size2,094 SF
Lot Size0.17 Acres
Days on Market4
Property Features for 3001 NW 21st Court
General Information
Standard status
Active
Size
2,094 SF
Lot size
0.17 Acres
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$93,600
Average Monthly Rent
$1,950
Site & Location
Neighborhood
Melrose
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,730
Building Details
Building Size
2,094 SF
Year Built
1952
Listing Agency:
London Foster Realty
Listed By:
Fabrizio Amauri Quintana · License #3396192
(786) 602-0011
Source:
Silverleafrealtygroup
Added: Oct 25
Changed: Oct 27
Last Checked: Oct 27 at 3:24AM
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 London Foster Realty
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Investment Insights
Based on property information with market context.
Built in 1952, the property combines a duplex with two efficiency units on a 7,471-square-foot lot. All four units are currently occupied, and tenants pay for their own electricity and Wi-Fi.
The property is in Miami, near major roadways, shopping, dining, and local amenities.
The property is in Miami, near major roadways, shopping, dining, and local amenities.
Key Highlights
- Four occupied units: a duplex plus two efficiency units
- 7,471‑square‑foot lot
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,996
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,920
$839.9K
Cap Rate 7%
$599,943
$599.9K
Cap Rate 9%
$466,622
$466.6K
Market Conditions
NOI Build-Up for 2,094 SF
Gross rent
$64.1K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$60.0K $28.65/SF
− OpEx
−$18.0K −$8.60/SF
NOI
$42.0K $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%
$839,920
Cap Rate 7%
$599,943
Cap Rate 9%
$466,622
Alternative Uses
Best Use
Multifamily LT 5
$599.9K
$525.0K – $699.9K
NOI $41,996 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,683 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,942 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,180
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A duplex and two efficiency units are fully occupied, with tenants covering their own electricity and Wi-Fi.
Where is this quadplex located?
The property is located at 3001 NW 21st Court Miami, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four occupied units: a duplex plus two efficiency units; 7,471‑square‑foot lot; Built in 1952
