Fully Renovated Duplex with Two
421 NW 81st St Miami, FL 33150
For Sale
Contact for pricing
Turnkey renovated duplex offering two separate units with modern kitchens, updated bathrooms, and bright interior living spaces.
Property Size1,953 SF
Price / SF$357.91
Days on Market124
Property Features for 421 NW 81st St
General Information
- Standard status
- Active
- Size
- 1,953 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1939
Listing Agency:
Canvas Real Estate
(786) 237-0797
Listed By:
Bibiana Pelaez · License #3363618
Source:
Crexi
Added: Mar 23
Changed: Jul 21
Last Checked: Jul 23 at 3:59AM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
This fully renovated duplex includes two separate units, each with modern upgrades throughout. Interiors are designed for comfort and functionality, featuring sleek kitchen finishes with contemporary cabinetry, updated bathrooms, and bright open living spaces supported by large windows for natural light. Each unit has a well-designed layout suitable for long-term rental use or owner occupancy with additional income.
The property is situated on a spacious lot that provides privacy and room for outdoor enjoyment. It is conveniently located near major highways and everyday amenities, including shopping and dining.
As a residential income property with two distinct units, it offers flexibility for both investors and owner-occupants looking to combine living space with rental income.
The property is situated on a spacious lot that provides privacy and room for outdoor enjoyment. It is conveniently located near major highways and everyday amenities, including shopping and dining.
As a residential income property with two distinct units, it offers flexibility for both investors and owner-occupants looking to combine living space with rental income.
Key Highlights
- Fully renovated duplex built in 1939 with two separate units
- Each unit features a modern kitchen with contemporary cabinetry
- Updated bathrooms with elegant finishes
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 | $59.8k | $30.60 |
| − Vacancy | −$3.8k | −$1.95 |
| EGI | $56.0k | $28.65 |
| − OpEx | −$16.8k | −$8.60 |
| NOI | $39.2k | $20.06 |
1,953 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$559.5K
$489.6K – $652.8K
NOI $39,168 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$515.4K
$451.0K – $601.3K
NOI $36,079 @ 7.0% cap · market cap 5.16%
Theoretical Best
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,280 @ 7.0% cap · market cap 13.20%
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 - Turnkey renovated duplex offering two separate units with modern kitchens, updated bathrooms, and bright interior living spaces.
Where is this duplex located?
The property is located at 421 NW 81st St Miami, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1939 with two separate units; Each unit features a modern kitchen with contemporary cabinetry; Updated bathrooms with elegant finishes
