Duplex Residential Income
420 NE 62nd St Miami, FL 33138
For Sale
$3,700,000
For sale duplex/residential income multifamily property at 420 NE 62nd St in Miami.
Property Size5,572 SF
Price / SF$664.03
Days on Market8
Property Features for 420 NE 62nd St
General Information
Standard status
Active
Size
5,572 SF
Property subtype
Duplex
Building Details
Year Built
2026
Listing Agency:
ACC Realty, Inc.
(312) 617-2296
Listed By:
Christina Fernandez · License #A11982609
(312) 617-2296
Source:
Riserealty
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 30 at 5:42AM
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 ACC Realty, Inc.
Investment Insights
Based on property information with market context.
This for-sale residential income property is presented as a duplex, part of the wider category of multifamily properties. It is listed under residential income properties, offering an income-focused structure consistent with duplex-style ownership.
The property is located at 420 NE 62nd St, Miami, FL 33138. As provided, the listing includes a total property size of 5,572 (units not specified in the source data), supporting a duplex configuration.
Buyers and brokers can review the available details for unit layout and income potential as part of due diligence, with the understanding that the asset is marketed as a duplex within the residential income/multifamily property type.
The property is located at 420 NE 62nd St, Miami, FL 33138. As provided, the listing includes a total property size of 5,572 (units not specified in the source data), supporting a duplex configuration.
Buyers and brokers can review the available details for unit layout and income potential as part of due diligence, with the understanding that the asset is marketed as a duplex within the residential income/multifamily property type.
Key Highlights
- Duplex/residential income multifamily property for sale
- Year built: 2026
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 | $170.5k | $30.60 |
| − Vacancy | −$10.9k | −$1.95 |
| EGI | $159.6k | $28.65 |
| − OpEx | −$47.9k | −$8.60 |
| NOI | $111.7k | $20.06 |
5,572 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.86M
NOI $111,750 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $102,934 @ 7.0% cap · market cap 2.78%
Theoretical Best
Specialty Retail
$3.76M
$3.29M – $4.39M
NOI $263,280 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - For sale duplex/residential income multifamily property at 420 NE 62nd St in Miami.
Where is this duplex located?
The property is located at 420 NE 62nd St Miami, FL.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Duplex/residential income multifamily property for sale; Year built: 2026
