Duplex with Divided
For Sale
$1,100,000
523-525 NW 106th St, Miami, FL 33150
Two separate homes offer independent utilities, in-unit laundry, and stainless-steel kitchen appliances.
Property Size3,118 SF
Days on Market14
Property Features for 523-525 NW 106th St
General Information
Standard status
Active
Size
3,118 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,735
Amenities
in-unit laundry
impact windows and doors
separate utility meters
off-street parking
fenced backyard
Building Details
Building Size
3,118 SF
Year Built
2021
Listing Agency:
Compass Florida, LLC.
Listed By:
Rebeca Cruz · License #3374760
(786) 258-6733
Source:
Vanessafrankmiami
Added: Sep 25
Changed: Oct 6
Last Checked: Oct 7 at 4:42PM
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 Compass Florida, LLC.
Investment Insights
Based on property information with market context.
Completed in 2021, this Miami duplex contains two separately functioning residences. Each home has an open interior, a contemporary kitchen with stainless-steel appliances, and its own in-unit laundry. Impact-rated windows and doors, separate utility meters, and off-street parking serve the property. A fenced backyard is partitioned to give each residence its own outdoor area.
The property sits on a street with no outlet and is described as minutes from Miami Shores Village and Miami Shores Country Club. I-95, Miami Beach, and North Beach are also cited as accessible from the property. There is no HOA.
The property sits on a street with no outlet and is described as minutes from Miami Shores Village and Miami Shores Country Club. I-95, Miami Beach, and North Beach are also cited as accessible from the property. There is no HOA.
Key Highlights
- Two independent residences in a duplex built in 2021
- Fenced backyard divided into separate outdoor areas for each home
- Impact‑rated windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,533
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,660
$1.3M
Cap Rate 7%
$893,329
$893.3K
Cap Rate 9%
$694,811
$694.8K
Market Conditions
NOI Build-Up for 3,118 SF
Gross rent
$95.4K $30.60/SF
− Vacancy
−$6.1K −$1.95/SF
EGI
$89.3K $28.65/SF
− OpEx
−$26.8K −$8.60/SF
NOI
$62.5K $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%
$1,250,660
Cap Rate 7%
$893,329
Cap Rate 9%
$694,811
Alternative Uses
Best Use
Multifamily LT 5
$893.3K
$781.7K – $1.04M
NOI $62,533 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$2.10M
$1.84M – $2.46M
NOI $147,327 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
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 separate homes offer independent utilities, in-unit laundry, and stainless-steel kitchen appliances.
Where is this duplex located?
The property is located at 523-525 NW 106th St Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two independent residences in a duplex built in 2021; Fenced backyard divided into separate outdoor areas for each home; Impact‑rated windows and doors
