Turnkey Duplex with Renovated
For Sale
$1,099,000
4 NE 47th St, Miami, FL 33137
Duplex offers two 2BR/1BA units, including one tenant-occupied renovated unit and impact-resistant upgrades.
Property Size1,600 SF
Price / SF$686.88
Days on Market98
Property Features for 4 NE 47th St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Building Details
Building Size
1,600 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
Miami Waterfront Realty
Listed By:
Frank Menendez · License #3487419
Source:
Casacollectiongroup
Added: Apr 26
Changed: Jul 31
Last Checked: Jul 31 at 3:11AM
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 Miami Waterfront Realty
Investment Insights
Based on property information with market context.
This turnkey duplex includes two 2BR/1BA units. One unit is renovated and currently tenant-occupied, providing immediate rental income, while the second unit is vacant for an owner-occupant or for leasing. Updates include impact windows and doors, newer ACs, updated plumbing and electrical, and hardwood floors throughout.
The property includes a detached garage with laundry, adding convenience and additional storage. Built in 1955, the building totals 1,600 square feet.
With one unit ready for occupancy and the second unit available, the layout supports either owner-occupied living alongside rental income or straightforward leasing of both units, depending on your plan.
The property includes a detached garage with laundry, adding convenience and additional storage. Built in 1955, the building totals 1,600 square feet.
With one unit ready for occupancy and the second unit available, the layout supports either owner-occupied living alongside rental income or straightforward leasing of both units, depending on your plan.
Key Highlights
- Two 2BR/1BA units with one tenant‑occupied renovated unit and one vacant unit
- Impact windows and impact doors plus newer ACs
- Updated plumbing and electrical
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 | $49.0k | $30.60 |
| − Vacancy | −$3.1k | −$1.95 |
| EGI | $45.8k | $28.65 |
| − OpEx | −$13.8k | −$8.60 |
| NOI | $32.1k | $20.06 |
1,600 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$458.4K
$401.1K – $534.8K
NOI $32,089 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$422.2K
$369.5K – $492.6K
NOI $29,557 @ 7.0% cap · market cap 2.69%
Theoretical Best
Specialty Retail
$1.08M
$945.0K – $1.26M
NOI $75,601 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,513
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
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 - Duplex offers two 2BR/1BA units, including one tenant-occupied renovated unit and impact-resistant upgrades.
Where is this duplex located?
The property is located at 4 NE 47th St Miami, FL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two 2BR/1BA units with one tenant‑occupied renovated unit and one vacant unit; Impact windows and impact doors plus newer ACs; Updated plumbing and electrical
