Two-Unit Income
For Sale
$560,000
Pending
4245 NW 24th Ave, Miami, FL 33142
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
Days on Market174
Property Features for 4245 NW 24th Ave
General Information
Standard status
Pending
Size
1,701 SF
Lot size
0.17 Acres
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Allapattah
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,264
Building Details
Building Size
1,701 SF
Year Built
1954
Stories
2
Tenancy
Multi
Listing Agency:
Hauser Realty
Listed By:
Federico Nimhauser · License #3289098
(305) 213-8966
Source:
Marcelosteinmander
Added: May 5
Changed: Oct 14
Last Checked: Oct 25 at 1:03AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$34,114
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,280
$682.3K
Cap Rate 7%
$487,343
$487.3K
Cap Rate 9%
$379,044
$379.0K
Market Conditions
NOI Build-Up for 1,701 SF
Gross rent
$52.1K $30.60/SF
− Vacancy
−$3.3K −$1.95/SF
EGI
$48.7K $28.65/SF
− OpEx
−$14.6K −$8.60/SF
NOI
$34.1K $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 Rate 5%
$682,280
Cap Rate 7%
$487,343
Cap Rate 9%
$379,044
Alternative Uses
Best Use
Multifamily LT 5
$487.3K
$426.4K – $568.6K
NOI $34,114 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$448.9K
$392.8K – $523.7K
NOI $31,423 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,373 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 $560,000.
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
