Side-by-Side
470 NE 162nd St, Miami, FL 33162
For Sale
New
$320,000
Two one-bedroom residences feature tile flooring and separate assigned parking.
Property Size814 SF
Lot Size0.14 Acres
Price / SF$393.12
Days on Market4
Property Features for 470 NE 162nd St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
Awning(s)
Building Details
Building Size
Year Built
Stories
Listing Agency:
Pixan Realty LLC
Listed By:
Ana Lagomarsino
(786) 405-2177
Source:
Futureoptionrealty
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 10 at 5:55PM
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 Pixan Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1946, this 814-square-foot duplex is arranged as two side-by-side residences, each with one bedroom and one bathroom. Tile flooring runs throughout both units. Each residence has two assigned parking spaces and direct access to the backyard on an approximately 6,300-square-foot lot.
The property is located at 470 NE 162nd St in Miami, Florida. Its zoning designation is 0100.
The property is located at 470 NE 162nd St in Miami, Florida. Its zoning designation is 0100.
Key Highlights
- Two units, each configured with 1 bedroom and 1 bathroom
- 814‑square‑foot building, constructed in 1946
- Approximately 6,300‑square‑foot lot with backyard access from both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,325
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,500
$326.5K
Cap Rate 7%
$233,214
$233.2K
Cap Rate 9%
$181,389
$181.4K
Market Conditions
NOI Build-Up for 814 SF
Gross rent
$24.9K $30.60/SF
− Vacancy
−$1.6K −$1.95/SF
EGI
$23.3K $28.65/SF
− OpEx
−$7.0K −$8.60/SF
NOI
$16.3K $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 Rate 5%
$326,500
Cap Rate 7%
$233,214
Cap Rate 9%
$181,389
Alternative Uses
Best Use
Multifamily LT 5
$233.2K
$204.1K – $272.1K
NOI $16,325 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$214.8K
$188.0K – $250.6K
NOI $15,037 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$549.5K
$480.8K – $641.0K
NOI $38,462 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,829
Businesses Nearby
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Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences feature tile flooring and separate assigned parking.
Where is this duplex located?
The property is located at 470 NE 162nd St Miami, FL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two units, each configured with 1 bedroom and 1 bathroom; 814‑square‑foot building, constructed in 1946; Approximately 6,300‑square‑foot lot with backyard access from both residences
