Block Duplex with Two
New
For Sale
$610,000
4717-19 NW 1st St, Miami, FL 33126
Residential Income, Miami, FL
Property Size1,137 SF
Price / SF$536.50
Days on Market3
Property Features for 4717-19 NW 1st St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3
Parking
4
Subdivision
PARKERS FLAGLER HEIGHTS
Lot features
< 1/4 Acre
Directions
GPS
Standard status
Active
APN
01-41-06-036-0480
Size
1,137 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PARKERS FLAGLER HGTS PB 18-32 LOT 3 BLK 5 LOT SIZE 46.000 X 109 OR 13130-2590 1286 1
Tax Annual Amount
6971
Legal Description
PARKERS FLAGLER HGTS PB 18-32 LOT 3 BLK 5 LOT SIZE 46.000 X 109 OR 13130-2590 1286 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1937
Floors in Building
1
Flooring type
Tile - Ceramic, Concrete
Building materials
Block
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
George Cabezas · License #3065556
(786) 269-8063
Added: Sep 13
Changed: Sep 15
Last Checked: Sep 15 at 9:06AM
MLS# A12088292
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,137-square-foot duplex was built in 1937 with block construction and includes three bedrooms and two bathrooms. Interior finishes include concrete and ceramic tile flooring, while wall-furnace heating and wall or window-mounted cooling systems serve the property. The building is offered in as-is condition and includes multiple living units. Public water and public sewer are connected, and cable service is available. The property is located in Miami, Florida, within ZIP code 33126.
Key Highlights
- 1,137‑square‑foot duplex built in 1937
- Block construction with concrete and ceramic tile flooring
- Three bedrooms and two bathrooms
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
$22,803
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
3.74%
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%
$456,060
$456.1K
Cap Rate 7%
$325,757
$325.8K
Cap Rate 9%
$253,367
$253.4K
Market Conditions
NOI Build-Up for 1,137 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
$34.8K $30.60/SF
− Vacancy
−$2.2K −$1.95/SF
EGI
$32.6K $28.65/SF
− OpEx
−$9.8K −$8.60/SF
NOI
$22.8K $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%
$456,060
Cap Rate 7%
$325,757
Cap Rate 9%
$253,367
Alternative Uses
Best Use
Multifamily LT 5
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$300.1K
$262.6K – $350.1K
NOI $21,004 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$767.5K
$671.6K – $895.4K
NOI $53,724 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,345
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-unit residential property with public water and sewer service in Miami.
Where is this duplex located?
The property is located at 4717-19 NW 1st St Miami, FL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 1,137‑square‑foot duplex built in 1937; Block construction with concrete and ceramic tile flooring; Three bedrooms and two bathrooms
