Duplex Residential Income
For Sale
$3,700,000
420 NE 62nd St, Miami, FL 33138
For sale duplex/residential income multifamily property at 420 NE 62nd St in Miami.
Property Size5,572 SF
Days on Market99
Property Features for 420 NE 62nd St
General Information
Standard status
Active
Size
5,572 SF
Property subtype
Duplex
Building Details
Building Size
5,572 SF
Year Built
2026
Listing Agency:
ACC Realty, Inc.
Listed By:
Christina Fernandez · License #3290813
(312) 617-2296
Source:
Relinkre
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 28 at 5:42PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$111,750
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,235,000
$2.2M
Cap Rate 7%
$1,596,429
$1.6M
Cap Rate 9%
$1,241,667
$1.2M
Market Conditions
NOI Build-Up for 5,572 SF
Gross rent
$170.5K $30.60/SF
− Vacancy
−$10.9K −$1.95/SF
EGI
$159.6K $28.65/SF
− OpEx
−$47.9K −$8.60/SF
NOI
$111.7K $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 Rate 5%
$2,235,000
Cap Rate 7%
$1,596,429
Cap Rate 9%
$1,241,667
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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
