Renovated Duplex with Two
New
For Sale
$699,000
330 NW 82nd Terrace, Miami, FL 33150
Separate driveways support flexible occupancy and rental arrangements across the updated residences.
Property Size1,447 SF
Price / SF$483.07
Days on Market3
Property Features for 330 NW 82nd Terrace
General Information
Standard status
Active
Size
1,447 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
5700
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Cap Rate
6%
Taxes and HOA fees
Annual Taxes
$8,249
Building Details
Building Size
1,447 SF
Year Built
1936
Year Renovated
2023
Stories
1
Listing Agency:
Avenew Realty Corp
(786) 397-9417
Listed By:
Horacio Ferrando · License #3374130
(786) 397-9417
Source:
Laerrealty
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 23 at 2:53AM
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 Avenew Realty Corp
Investment Insights
Based on property information with market context.
This 1,447-square-foot duplex contains a 4-bedroom, 2-bathroom front residence and a 1-bedroom, 1-bathroom rear unit. Built in 1936, the property has been extensively renovated, including new kitchens with quartz countertops, refreshed bathrooms, new flooring and lighting, upgraded electrical and plumbing systems, and impact windows. A new roof was installed in 2022, while the other listed systems were renovated in 2023.
Each residence has its own private driveway. The layout supports owner occupancy with a separate rental unit or leasing both units. The property is identified with zoning code 5700 and is currently offered at a 6% cap rate.
Each residence has its own private driveway. The layout supports owner occupancy with a separate rental unit or leasing both units. The property is identified with zoning code 5700 and is currently offered at a 6% cap rate.
Key Highlights
- 1,447 SF duplex with a 4BR/2BA front residence and 1BR/1BA rear unit
- New roof installed in 2022
- Electrical, plumbing, kitchens, bathrooms, flooring, lighting, and impact windows renovated in 2023
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
$29,020
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
4.15%
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%
$580,400
$580.4K
Cap Rate 7%
$414,571
$414.6K
Cap Rate 9%
$322,444
$322.4K
Market Conditions
NOI Build-Up for 1,447 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
$44.3K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.5K $28.65/SF
− OpEx
−$12.4K −$8.60/SF
NOI
$29.0K $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 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%
$580,400
Cap Rate 7%
$414,571
Cap Rate 9%
$322,444
Alternative Uses
Best Use
Multifamily LT 5
$414.6K
$362.8K – $483.7K
NOI $29,020 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$381.9K
$334.1K – $445.5K
NOI $26,731 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$976.7K
$854.6K – $1.14M
NOI $68,371 @ 7.0% cap · market cap 9.78%
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
1,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
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 - Separate driveways support flexible occupancy and rental arrangements across the updated residences.
Where is this duplex located?
The property is located at 330 NW 82nd Terrace Miami, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,447 SF duplex with a 4BR/2BA front residence and 1BR/1BA rear unit; New roof installed in 2022; Electrical, plumbing, kitchens, bathrooms, flooring, lighting, and impact windows renovated in 2023
