Duplex with Two 3BR
For Sale
$755,000
4491 NW 23rd Avenue, Miami, FL 33142
Duplex offers two 3-bedroom, 2-bath units with modern kitchens, in-unit laundry, fenced backyards, and ample parking.
Property Size2,184 SF
Price / SF$345.70
Days on Market18
Property Features for 4491 NW 23rd Avenue
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Amenities
fenced backyards
ample front parking
open-concept layout
modern kitchen
quartz countertops
24x24 porcelain tile flooring
Energy Star stainless steel appliances
high-efficiency HVAC system
tankless water heater
inside laundry room with washer and dryer
Building Details
Year Built
2021
Construction
CBS
Tenancy
Multi
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Ingrid M Roldan · License #3176578
Source:
Lehmannflorida
Added: Jul 14
Changed: Jul 26
Last Checked: Jul 31 at 6:10AM
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 includes two spacious 3-bedroom, 2-bath units, each with an open-concept layout. Interior finishes include a modern kitchen with quartz countertops and 24x24 porcelain tile flooring throughout, along with Energy Star stainless steel appliances. Additional in-unit conveniences include an inside laundry room with washer and dryer, plus a high-efficiency HVAC system and tankless water heater. Outside, both sides feature fenced backyards, and the property provides ample front parking. Built with CBS construction, the home is designed for low maintenance and energy efficiency.
The property has convenient access to SR-112, SR-836, I-95, Downtown Miami, Wynwood, the Design District, and Miami International Airport. It is also accessible to the Earlington Heights Metrorail Station, and there is no HOA.
As a residential income property configured as a duplex, it supports either traditional rental use or owner-occupancy while collecting income from the second unit.
The property has convenient access to SR-112, SR-836, I-95, Downtown Miami, Wynwood, the Design District, and Miami International Airport. It is also accessible to the Earlington Heights Metrorail Station, and there is no HOA.
As a residential income property configured as a duplex, it supports either traditional rental use or owner-occupancy while collecting income from the second unit.
Key Highlights
- Duplex built in 2021 with two 3‑bedroom, 2‑bath units (open‑concept layouts)
- Modern kitchens with quartz countertops plus Energy Star stainless steel appliances
- 24x24 porcelain tile flooring throughout each unit and inside laundry with washer and dryer
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 5.80%
Second Best
Apartment 5plus
$576.4K
$504.3K – $672.4K
NOI $40,346 @ 7.0% cap · market cap 5.34%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,195 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,665
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
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 - Duplex offers two 3-bedroom, 2-bath units with modern kitchens, in-unit laundry, fenced backyards, and ample parking.
Where is this duplex located?
The property is located at 4491 NW 23rd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: Duplex built in 2021 with two 3‑bedroom, 2‑bath units (open‑concept layouts); Modern kitchens with quartz countertops plus Energy Star stainless steel appliances; 24x24 porcelain tile flooring throughout each unit and inside laundry with washer and dryer
