Fully Remodeled Duplex
For Sale
Contact for pricing
43 NW 41st St, Miami, FL 33127
Remodeled 3/2 and 4/3 duplexes offered for sale, zoned for adult living facility or 12-month residential leasing.
Property Size2,404 SF
Price / SF$698.84
Days on Market188
Property Features for 43 NW 41st St
General Information
Standard status
Active
Size
2,404 SF
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
0104
Additional Details
Multifamily Units
2
Building Details
Year Built
1984
Listing Agency:
Avenew Realty Corp
Listed By:
Mildred Guevara · License #3260973
(305) 229-1146
Source:
Crexi
Added: Mar 4
Changed: Sep 8
Last Checked: Jul 28 at 3:11PM
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 Avenew Realty Corp
Investment Insights
Based on property information with market context.
This offering includes a duplex portfolio with two distinct units: one configured as a 3-bedroom, 2-bath layout and the other as a 4-bedroom, 3-bath layout. The property is described as fully remodeled. The zoning is identified as supporting either an Adult Living Facility use or a regular 12-month lease.
The property is located in the Miami Art District, with public remarks noting it is within walking distance of Midtown Miami and minutes from Wynwood, Brickell, and downtown.
The asset is being presented as an income-producing property for sale, with the mix of unit sizes and the stated zoning parameters supporting multiple potential residential operating approaches.
The property is located in the Miami Art District, with public remarks noting it is within walking distance of Midtown Miami and minutes from Wynwood, Brickell, and downtown.
The asset is being presented as an income-producing property for sale, with the mix of unit sizes and the stated zoning parameters supporting multiple potential residential operating approaches.
Key Highlights
- Year built 1984
- Remodeled 3/2 duplex and remodeled 4/3 duplex offered for sale
- Zoned for Adult Living Facility and/or regular 12‑month residential leasing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,214
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$964,280
$964.3K
Cap Rate 7%
$688,771
$688.8K
Cap Rate 9%
$535,711
$535.7K
Market Conditions
NOI Build-Up for 2,404 SF
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.
Gross rent
$73.6K $30.60/SF
− Vacancy
−$4.7K −$1.95/SF
EGI
$68.9K $28.65/SF
− OpEx
−$20.7K −$8.60/SF
NOI
$48.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$964,280
Cap Rate 7%
$688,771
Cap Rate 9%
$535,711
Alternative Uses
Best Use
Multifamily LT 5
$688.8K
$602.7K – $803.6K
NOI $48,214 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$634.4K
$555.1K – $740.2K
NOI $44,410 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,590 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,751
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled 3/2 and 4/3 duplexes offered for sale, zoned for adult living facility or 12-month residential leasing.
Where is this duplex located?
The property is located at 43 NW 41st St Miami, FL.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Year built 1984; Remodeled 3/2 duplex and remodeled 4/3 duplex offered for sale; Zoned for Adult Living Facility and/or regular 12‑month residential leasing
