Two-Unit Duplex Income
4491 Northwest 23rd Avenue Miami, FL 33142
For Sale
$775,000
Duplex with two 3-bedroom, 2-bath units, each featuring modern finishes, in-unit laundry, and fenced backyards.
Property Size2,184 SF
Price / SF$354.85
Days on Market15
Property Features for 4491 Northwest 23rd Avenue
General Information
- Standard status
- Active
- Size
- 2,184 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 2021
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Ingrid Roldan · License #3136467
(786) 477-4715
Source:
Compass
Added: Jul 9
Changed: Jul 22
Last Checked: Jul 23 at 11:13AM
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 Realty One Group Evolution
Investment Insights
Based on property information with market context.
This duplex offers two separate 3-bedroom, 2-bath units with open-concept layouts. Interiors include a modern kitchen with quartz countertops and 24"x24" porcelain tile flooring throughout, along with Energy Star stainless steel appliances. Each unit is equipped with a high-efficiency HVAC system and a tankless water heater, plus an inside laundry room with a washer and dryer. Both units also feature fenced backyards and ample front parking, and the property is built with CBS construction intended for low maintenance and energy efficiency.
The property is located for convenient access to SR-112, SR-836, I-95, Downtown Miami, Wynwood, the Design District, Miami International Airport, and the Earlington Heights Metrorail Station.
With no HOA, the duplex configuration supports either owner-occupancy or rental income across both units.
The property is located for convenient access to SR-112, SR-836, I-95, Downtown Miami, Wynwood, the Design District, Miami International Airport, and the Earlington Heights Metrorail Station.
With no HOA, the duplex configuration supports either owner-occupancy or rental income across both units.
Key Highlights
- Duplex built in 2021 with two separate 3‑bedroom, 2‑bath units
- Each unit features an open‑concept layout with modern kitchen and quartz countertops
- 24"x24" porcelain tile flooring throughout each unit
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 | $66.8k | $30.60 |
| − Vacancy | −$4.3k | −$1.95 |
| EGI | $62.6k | $28.65 |
| − OpEx | −$18.8k | −$8.60 |
| NOI | $43.8k | $20.06 |
2,184 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$625.7K
$547.5K – $730.0K
NOI $43,801 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$576.4K
$504.3K – $672.4K
NOI $40,346 @ 7.0% cap · market cap 5.21%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,195 @ 7.0% cap · market cap 13.32%
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 - Duplex with two 3-bedroom, 2-bath units, each featuring modern finishes, in-unit laundry, and fenced backyards.
Where is this duplex located?
The property is located at 4491 Northwest 23rd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Duplex built in 2021 with two separate 3‑bedroom, 2‑bath units; Each unit features an open‑concept layout with modern kitchen and quartz countertops; 24"x24" porcelain tile flooring throughout each unit
