Two-Unit Residential Income
For Sale
Contact for pricing
Pending
3010-3012 NW 26th St, Miami, FL 33142
Two 2BR/1BA units with newer windows, private outdoor spaces, and on-site parking on an oversized lot.
Property Size1,984 SF
Days on Market53
Property Features for 3010-3012 NW 26th St
General Information
Standard status
Pending
Size
1,984 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
5100
Building Details
Year Built
1967
Units
2
Listing Agency:
EquiEstate, Corp.
(305) 333-9675
Listed By:
Perla Antonio · License #0522095
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Jul 24 at 10:46AM
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 EquiEstate, Corp.
Investment Insights
Based on property information with market context.
This two-unit residential income property offers two 2BR/1BA units, each with newer windows and its own private outdoor space. The property is set on an oversized lot and includes a substantial concrete storage structure at the rear, providing additional space for storage or other practical uses. On-site parking is available for residents.
The property is located at 3010-3012 NW 26th St in Miami’s Allapattah neighborhood. The public remarks note it is just minutes from the arts and culture of Wynwood and the luxury of the Miami Design District.
From a tenant or owner-occupant standpoint, the layout supports independent living with private outdoor areas for each unit while maintaining on-site parking. For an investor, the configuration provides two separate 2BR/1BA units within a single property, along with additional rear concrete storage and an oversized lot that can support day-to-day operational needs. The mature mango tree and outdoor space contribute to the property’s residential character and usable yard area.
The property is located at 3010-3012 NW 26th St in Miami’s Allapattah neighborhood. The public remarks note it is just minutes from the arts and culture of Wynwood and the luxury of the Miami Design District.
From a tenant or owner-occupant standpoint, the layout supports independent living with private outdoor areas for each unit while maintaining on-site parking. For an investor, the configuration provides two separate 2BR/1BA units within a single property, along with additional rear concrete storage and an oversized lot that can support day-to-day operational needs. The mature mango tree and outdoor space contribute to the property’s residential character and usable yard area.
Key Highlights
- Multi‑family built in 1967 with two 2BR/1BA units
- Each unit features newer windows and private outdoor space
- On‑site parking included for residents
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
$39,790
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
7.51%
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%
$795,800
$795.8K
Cap Rate 7%
$568,429
$568.4K
Cap Rate 9%
$442,111
$442.1K
Market Conditions
NOI Build-Up for 1,984 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
$60.7K $30.60/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$56.8K $28.65/SF
− OpEx
−$17.1K −$8.60/SF
NOI
$39.8K $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%
$795,800
Cap Rate 7%
$568,429
Cap Rate 9%
$442,111
Alternative Uses
Best Use
Multifamily LT 5
$568.4K
$497.4K – $663.2K
NOI $39,790 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$523.6K
$458.1K – $610.9K
NOI $36,651 @ 7.0% cap · market cap 6.92%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,745 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,428
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2BR/1BA units with newer windows, private outdoor spaces, and on-site parking on an oversized lot.
Where is this duplex located?
The property is located at 3010-3012 NW 26th St Miami, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Multi‑family built in 1967 with two 2BR/1BA units; Each unit features newer windows and private outdoor space; On‑site parking included for residents
