For Sale
$600,000
474 NW 26th Ave, Miami, FL 33125
The frame-built property contains two residential units with established long-term tenancy.
Property Size1,404 SF
Price / SF$427.35
Days on Market202
Property Features for 474 NW 26th Ave
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Duplex
Site & Location
Neighborhood
West Little Havana
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,803
Building Details
Building Size
1,404 SF
Year Built
1948
Buildings
1
Construction
frame
Listing Agency:
Beachfront Realty Inc
Listed By:
Jeffrey Stone · License #0605746
(786) 286-0986
Source:
Propertysmartre
Added: Apr 13
Changed: Oct 31
Last Checked: Oct 31 at 3:01AM
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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Investment Insights
Based on property information with market context.
This 1,404-square-foot duplex is a frame structure built in 1948. It contains two residential units, both occupied by tenants who have remained in place for many years.
The property is located at 474 NW 26th Ave in Miami, Florida. Initial access is limited to a drive-by; an interior showing can be arranged after a contract is in place.
The property is located at 474 NW 26th Ave in Miami, Florida. Initial access is limited to a drive-by; an interior showing can be arranged after a contract is in place.
Key Highlights
- Two residential units in a frame structure
- 1,404 square feet of building 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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,804
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The frame-built property contains two residential units with established long-term tenancy.
Where is this duplex located?
The property is located at 474 NW 26th Ave 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 residential units in a frame structure; 1,404 square feet of building area; Built in 1948
