Duplex with Two 3BR
4491 NW 23rd Ave Miami, FL 33142
For Sale
Contact for pricing
Duplex offering two 3-bedroom, 2-bath units with open layouts, inside laundry, and fenced backyards.
Property Size2,200 SF
Price / SF$352.27
Days on Market11
Property Features for 4491 NW 23rd Ave
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2021
Listing Agency:
NXT LVL Realty
Listed By:
Ingrid Roldan · License #3136467
Source:
Crexi
Added: Jul 14
Changed: Jul 19
Last Checked: Jul 23 at 1:36PM
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 NXT LVL Realty
Investment Insights
Based on property information with market context.
This duplex features two spacious 3-bedroom, 2-bath units with open-concept layouts. Each unit includes a modern kitchen with quartz countertops and stainless steel appliances, along with 24" x 24" porcelain tile flooring. Additional in-unit amenities include an inside laundry room with washer and dryer, and the property is supported by a high-efficiency HVAC system and a tankless water heater. Both units also have fenced backyards, and there is ample front parking.
The property is built with CBS construction and is described as designed for low maintenance and energy efficiency. The location provides convenient access to SR-112, SR-836, I-95, Downtown Miami, Wynwood, the Design District, and Miami International Airport, as well as the Earlington Heights Metrorail Station.
There is no HOA. The configuration supports either an owner-occupant living arrangement in one unit while renting the other, or a duplex purchase for rental income.
The property is built with CBS construction and is described as designed for low maintenance and energy efficiency. The location provides convenient access to SR-112, SR-836, I-95, Downtown Miami, Wynwood, the Design District, and Miami International Airport, as well as the Earlington Heights Metrorail Station.
There is no HOA. The configuration supports either an owner-occupant living arrangement in one unit while renting the other, or a duplex purchase for rental income.
Key Highlights
- Duplex built in 2021 with two 3‑bedroom, 2‑bath units
- Each unit features an open‑concept layout with a modern kitchen and quartz countertops
- 24" x 24" porcelain tile flooring throughout and Energy Star stainless steel appliances
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 | $67.3k | $30.60 |
| − Vacancy | −$4.3k | −$1.95 |
| EGI | $63.0k | $28.65 |
| − OpEx | −$18.9k | −$8.60 |
| NOI | $44.1k | $20.06 |
2,200 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$630.3K
$551.5K – $735.4K
NOI $44,122 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$580.6K
$508.0K – $677.4K
NOI $40,641 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.73M
NOI $103,951 @ 7.0% cap · market cap 13.41%
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 offering two 3-bedroom, 2-bath units with open layouts, inside laundry, and fenced backyards.
Where is this duplex located?
The property is located at 4491 NW 23rd Ave 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 3‑bedroom, 2‑bath units; Each unit features an open‑concept layout with a modern kitchen and quartz countertops; 24" x 24" porcelain tile flooring throughout and Energy Star stainless steel appliances
