Two-Unit Frame
For Sale
$600,000
474 Northwest 26th Avenue, Miami, FL 33125
Built in 1948, the property has established tenancy and requires a drive-by review before a contracted showing.
Property Size1,404 SF
Price / SF$427.35
Days on Market370
Property Features for 474 Northwest 26th Avenue
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Residential Income / Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,803
Building Details
Year Built
1948
Construction
frame
Tenancy
Multi
Listing Agency:
Beachfront Realty Inc
Listed By:
Jeffrey Stone · License #0605746
(305) 405-0615
Source:
Compass
Added: Oct 12, 2025
Changed: Oct 16
Last Checked: Oct 16 at 10:47AM
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 Beachfront Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex is a frame construction property totaling 1,404 square feet and dating to 1948. Both units are occupied by tenants who have remained in place for many years, providing established tenancy at the property.
Located at 474 Northwest 26th Avenue in Miami, the property is available for drive-by review only at this stage. Interior access may be arranged for a prospective buyer after a contract is in place, and tenant privacy is to be respected.
Located at 474 Northwest 26th Avenue in Miami, the property is available for drive-by review only at this stage. Interior access may be arranged for a prospective buyer after a contract is in place, and tenant privacy is to be respected.
Key Highlights
- Two‑unit duplex with frame construction
- 1,404 square feet of property area
- Built in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,158
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,160
$563.2K
Cap Rate 7%
$402,257
$402.3K
Cap Rate 9%
$312,867
$312.9K
Market Conditions
NOI Build-Up for 1,404 SF
Gross rent
$43.0K $30.60/SF
− Vacancy
−$2.7K −$1.95/SF
EGI
$40.2K $28.65/SF
− OpEx
−$12.1K −$8.60/SF
NOI
$28.2K $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%
$563,160
Cap Rate 7%
$402,257
Cap Rate 9%
$312,867
Alternative Uses
Best Use
Multifamily LT 5
$402.3K
$352.0K – $469.3K
NOI $28,158 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$370.5K
$324.2K – $432.3K
NOI $25,937 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$947.7K
$829.3K – $1.11M
NOI $66,340 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1948, the property has established tenancy and requires a drive-by review before a contracted showing.
Where is this duplex located?
The property is located at 474 Northwest 26th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit duplex with frame construction; 1,404 square feet of property area; Built in 1948
