Renovated
For Sale
$650,000
4140 NW 12th Avenue, Miami, FL 33127
Two-bedroom units with month-to-month occupancy and on-site parking support flexible use and leasing arrangements.
Property Size1,500 SF
Days on Market177
Property Features for 4140 NW 12th Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,500
Amenities
on-site parking
Building Details
Building Size
1,500 SF
Year Built
1964
Buildings
1
Tenancy
Multi
Listing Agency:
South Florida Brokers & Assoc
(305) 482-1289
Listed By:
Froilan G Sosa · License #3104339
(305) 482-1289
Source:
Silverleafrealtygroup
Added: Feb 23
Changed: Aug 16
Last Checked: Aug 18 at 6:29AM
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 South Florida Brokers & Assoc
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with 2 bedrooms and 1 bathroom. Interior and exterior renovations have introduced updated finishes, fixtures, and design elements throughout both residences. On-site parking is included as part of the property improvements.
Both units are currently occupied under month-to-month arrangements, providing flexibility in future leasing or occupancy decisions. Built in 1964, the property is located at 4140 NW 12th Avenue in Miami, Florida, with access to nearby shopping, dining, and major transit routes. Showings require advance scheduling with the listing agent, and tenants should not be disturbed.
Both units are currently occupied under month-to-month arrangements, providing flexibility in future leasing or occupancy decisions. Built in 1964, the property is located at 4140 NW 12th Avenue in Miami, Florida, with access to nearby shopping, dining, and major transit routes. Showings require advance scheduling with the listing agent, and tenants should not be disturbed.
Key Highlights
- Each unit includes 2 bedrooms and 1 bathroom
- Interior and exterior renovations completed throughout the duplex
- Both units are rented on a month‑to‑month basis
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
$30,083
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
4.63%
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%
$601,660
$601.7K
Cap Rate 7%
$429,757
$429.8K
Cap Rate 9%
$334,256
$334.3K
Market Conditions
NOI Build-Up for 1,500 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
$45.9K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$43.0K $28.65/SF
− OpEx
−$12.9K −$8.60/SF
NOI
$30.1K $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%
$601,660
Cap Rate 7%
$429,757
Cap Rate 9%
$334,256
Alternative Uses
Best Use
Multifamily LT 5
$429.8K
$376.0K – $501.4K
NOI $30,083 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$395.9K
$346.4K – $461.8K
NOI $27,710 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$1.01M
$886.0K – $1.18M
NOI $70,876 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,274
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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-bedroom units with month-to-month occupancy and on-site parking support flexible use and leasing arrangements.
Where is this duplex located?
The property is located at 4140 NW 12th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Each unit includes 2 bedrooms and 1 bathroom; Interior and exterior renovations completed throughout the duplex; Both units are rented on a month‑to‑month basis
