Residential Income
428 NW 97th St Miami, FL 33150
New
For Sale
$599,000
Residential income duplex offered for sale with a total size of 1,353 square feet.
Property Size1,353 SF
Price / SF$442.72
Days on Market4
Property Features for 428 NW 97th St
General Information
- Standard status
- Active
- Size
- 1,353 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1937
Listing Agency:
Smart Miami Realty 2 LLC
(786) 300-6180
Listed By:
Maria Albarran · License #A11982609
(786) 300-6180
Source:
Riserealty
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 2:29AM
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 Smart Miami Realty 2 LLC
Investment Insights
Based on property information with market context.
This residential income duplex is being offered for sale. The property totals 1,353 square feet, providing a straightforward residential income setup.
The duplex is located at 428 NW 97th St in Miami, Florida 33150.
The offering is categorized as duplexes and residential income property, aligning with investors and buyers seeking a multi-unit residential structure.
The duplex is located at 428 NW 97th St in Miami, Florida 33150.
The offering is categorized as duplexes and residential income property, aligning with investors and buyers seeking a multi-unit residential structure.
Key Highlights
- Duplex residential income property built in 1937
- Total building size: 1,353 SF
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 | $41.4k | $30.60 |
| − Vacancy | −$2.6k | −$1.95 |
| EGI | $38.8k | $28.65 |
| − OpEx | −$11.6k | −$8.60 |
| NOI | $27.1k | $20.06 |
1,353 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$387.6K
$339.2K – $452.3K
NOI $27,135 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$357.1K
$312.4K – $416.6K
NOI $24,995 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$913.3K
$799.1K – $1.07M
NOI $63,930 @ 7.0% cap · market cap 10.67%
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 - Residential income duplex offered for sale with a total size of 1,353 square feet.
Where is this duplex located?
The property is located at 428 NW 97th St Miami, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex residential income property built in 1937; Total building size: 1,353 SF
