Updated Duplex With Separate
36 NW 151st St Miami, FL 33169
For Sale
Contact for pricing
Duplex with separate electric and water meters, updated kitchens and baths in most areas, and a large backyard.
Property Size3,269 SF
Price / SF$221.78
Days on Market162
Property Features for 36 NW 151st St
General Information
- Standard status
- Active
- Size
- 3,269 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing Agency:
Evernova Realty LLC
Listed By:
Frantz Laurent · License #3437351
Source:
Crexi
Added: Feb 12
Changed: Jul 20
Last Checked: Jul 22 at 4:04PM
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 Evernova Realty LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate units with all separate electric meters and two water meters. The property includes a large backyard and interior updates with most kitchen and bathroom areas updated in the majority of the units. One unit’s kitchen and bathrooms remain unupdated, attributed to the tenant who has been in place the longest.
The duplex is currently occupied by long-term tenants, and showings are permitted only with an executed contract. Please do not disturb tenants.
From an ownership standpoint, the configuration provides independent metering and two income-producing units within a single property, with additional interior updates already completed in most areas.
The duplex is currently occupied by long-term tenants, and showings are permitted only with an executed contract. Please do not disturb tenants.
From an ownership standpoint, the configuration provides independent metering and two income-producing units within a single property, with additional interior updates already completed in most areas.
Key Highlights
- Duplex built in 1971
- Separate electric meters and two water meters
- Most kitchens and bathrooms updated; one unit has not been updated due to longest‑term tenant
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.0k | $30.60 |
| − Vacancy | −$6.4k | −$1.95 |
| EGI | $93.7k | $28.65 |
| − OpEx | −$28.1k | −$8.60 |
| NOI | $65.6k | $20.06 |
3,269 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$936.6K
$819.5K – $1.09M
NOI $65,562 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$862.7K
$754.9K – $1.01M
NOI $60,390 @ 7.0% cap · market cap 8.33%
Theoretical Best
Specialty Retail
$2.21M
$1.93M – $2.57M
NOI $154,462 @ 7.0% cap · market cap 21.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with separate electric and water meters, updated kitchens and baths in most areas, and a large backyard.
Where is this duplex located?
The property is located at 36 NW 151st St Miami, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex built in 1971; Separate electric meters and two water meters; Most kitchens and bathrooms updated; one unit has not been updated due to longest‑term tenant
