Two-Unit Income
4245 NW 24th Ave Miami, FL 33142
For Sale
Contact for pricing
Two-story duplex with two rented units and no HOA fees on a 7,200 sq ft lot.
Property Size1,701 SF
Lot Size0.17 Acres
Price / SF$387.42
Days on Market79
Property Features for 4245 NW 24th Ave
General Information
- Standard status
- Active
- Size
- 1,701 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1954
Listing Agency:
Hauser Realty
(305) 213-8966
Listed By:
Federico Nimhauser · License #3289098
Source:
Crexi
Added: May 6
Changed: Jul 21
Last Checked: Jul 23 at 11:03AM
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 Hauser Realty
Investment Insights
Based on property information with market context.
This for-sale duplex is a two-story, 2-unit income property with separate ground-floor and second-floor residences. The ground-floor unit offers 3 bedrooms and 1 bathroom and is currently rented for $2,500 per month. The second-floor unit offers 2 bedrooms and 1 bathroom and is currently rented for $2,150 per month. There is no HOA association.
The property is located at 4245 NW 24th Ave, Miami, FL 33142, on a 7,200 sq ft lot. Public remarks also indicate the zoning allows construction of a one-story building of 590 sq ft, subject to buyer confirmation with the City of Miami.
Showings require use of showing assist for appointments, with at least 24 hours’ notice, and tenants should not be disturbed.
The property is located at 4245 NW 24th Ave, Miami, FL 33142, on a 7,200 sq ft lot. Public remarks also indicate the zoning allows construction of a one-story building of 590 sq ft, subject to buyer confirmation with the City of Miami.
Showings require use of showing assist for appointments, with at least 24 hours’ notice, and tenants should not be disturbed.
Key Highlights
- Two‑story duplex built in 1954 on a 7,200 sq ft lot
- Two rented units: 3 bed/1 bath on the ground floor rented for $2,500
- Second unit is 2 bed/1 bath on the 2nd floor rented for $2,150
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 | $52.1k | $30.60 |
| − Vacancy | −$3.3k | −$1.95 |
| EGI | $48.7k | $28.65 |
| − OpEx | −$14.6k | −$8.60 |
| NOI | $34.1k | $20.06 |
1,701 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$487.3K
$426.4K – $568.6K
NOI $34,114 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$448.9K
$392.8K – $523.7K
NOI $31,423 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,373 @ 7.0% cap · market cap 12.20%
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 - Two-story duplex with two rented units and no HOA fees on a 7,200 sq ft lot.
Where is this duplex located?
The property is located at 4245 NW 24th Ave Miami, FL.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Two‑story duplex built in 1954 on a 7,200 sq ft lot; Two rented units: 3 bed/1 bath on the ground floor rented for $2,500; Second unit is 2 bed/1 bath on the 2nd floor rented for $2,150
