Well-Maintained 2-2
For Sale
Contact for pricing
Pending
53 NW 169th Street, North Miami Beach, FL 33169
Turnkey 2/2 duplex with separate A/C units, 2023 roof, and impact windows on one side—no HOA.
Property Size1,775 SF
Days on Market71
Property Features for 53 NW 169th Street
General Information
Standard status
Pending
Size
1,775 SF
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1966
Listing Agency:
AAA Realty Group INC
Listed By:
Michael Hicks · License #3082475
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 24 at 12:03PM
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 AAA Realty Group INC
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate 2-bedroom, 2-bath units, each with its own A/C system for independent comfort and control. The property is in solid, move-ready condition, with updates that include a newer roof installed in 2023. Impact windows are present on one side of the duplex, providing added protection and peace of mind.
The home is located in a convenient area near major highways, shopping, and dining, supporting easy day-to-day access for residents and guests. There is no HOA, which can provide owners with more flexibility in how they manage the property.
The layout supports flexible ownership use cases, including living in one unit while renting the other, or leasing both units for income. With a maintained interior and the documented exterior improvements, the duplex may appeal to end-users seeking a practical place to live and investors looking for a straightforward rental property without HOA restrictions. Priced for purchase as a duplex with independent systems, this property is designed for straightforward occupancy and ongoing management.
The home is located in a convenient area near major highways, shopping, and dining, supporting easy day-to-day access for residents and guests. There is no HOA, which can provide owners with more flexibility in how they manage the property.
The layout supports flexible ownership use cases, including living in one unit while renting the other, or leasing both units for income. With a maintained interior and the documented exterior improvements, the duplex may appeal to end-users seeking a practical place to live and investors looking for a straightforward rental property without HOA restrictions. Priced for purchase as a duplex with independent systems, this property is designed for straightforward occupancy and ongoing management.
Key Highlights
- Well‑maintained 2/2 duplex built in 1966 with two separate units
- Each unit has its own A/C system for independent comfort and efficiency
- Newer roof installed in 2023
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.7k | $25.20 |
| − Vacancy | −$2.5k | −$1.39 |
| EGI | $42.3k | $23.81 |
| − OpEx | −$12.7k | −$7.14 |
| NOI | $29.6k | $16.67 |
1,775 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$422.7K
$369.9K – $493.2K
NOI $29,589 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$390.0K
$341.2K – $455.0K
NOI $27,298 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$900.5K
$788.0K – $1.05M
NOI $63,037 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
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 - Turnkey 2/2 duplex with separate A/C units, 2023 roof, and impact windows on one side—no HOA.
Where is this duplex located?
The property is located at 53 NW 169th Street North Miami Beach, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Well‑maintained 2/2 duplex built in 1966 with two separate units; Each unit has its own A/C system for independent comfort and efficiency; Newer roof installed in 2023
