Duplex with Private
New
For Sale
$775,000
470 NW 52nd Ave, Miami, FL 33126
Two residences with terrazzo flooring, washer and dryer hookups, and four parking spaces.
Property Size2,299 SF
Price / SF$337.10
Days on Market6
Property Features for 470 NW 52nd Ave
General Information
Standard status
Active
Size
2,299 SF
Total Parking Spaces
4
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,519
Amenities
central A/C
washer/dryer hookups
private yard
Building Details
Building Size
2,299 SF
Year Built
1966
Listing Agency:
Keller Williams Miami Beach
(305) 735-6939
Listed By:
Kathrin Rein · License #3249771
Source:
Allyandaj
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 1:19PM
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 Keller Williams Miami Beach
Investment Insights
Based on property information with market context.
This 1966 duplex contains two residences within 2,299 square feet. The property includes terrazzo flooring, a private yard, washer and dryer hookups, and four parking spaces. Central air conditioning is installed in the front residence.
The property is located at 470 NW 52nd Ave in Miami, near Flagler Street, Miami International Airport, major highways, shopping, and dining. The two-residence configuration supports both investor ownership and an owner-occupant arrangement, as described in the property information.
The property is located at 470 NW 52nd Ave in Miami, near Flagler Street, Miami International Airport, major highways, shopping, and dining. The two-residence configuration supports both investor ownership and an owner-occupant arrangement, as described in the property information.
Key Highlights
- Two‑residence duplex configuration
- 2,299 square feet; built in 1966
- Terrazzo flooring in both residences
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
$46,108
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
5.95%
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%
$922,160
$922.2K
Cap Rate 7%
$658,686
$658.7K
Cap Rate 9%
$512,311
$512.3K
Market Conditions
NOI Build-Up for 2,299 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
$70.3K $30.60/SF
− Vacancy
−$4.5K −$1.95/SF
EGI
$65.9K $28.65/SF
− OpEx
−$19.8K −$8.60/SF
NOI
$46.1K $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%
$922,160
Cap Rate 7%
$658,686
Cap Rate 9%
$512,311
Alternative Uses
Best Use
Multifamily LT 5
$658.7K
$576.4K – $768.5K
NOI $46,108 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 5.48%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,629 @ 7.0% cap · market cap 14.02%
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
2,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
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 - Two residences with terrazzo flooring, washer and dryer hookups, and four parking spaces.
Where is this duplex located?
The property is located at 470 NW 52nd 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: Two‑residence duplex configuration; 2,299 square feet; built in 1966; Terrazzo flooring in both residences
