Miami Duplex Investment
530 Northwest 99th Street, Miami, FL 33150
Value-add duplex with income potential in a strong rental corridor.
Type:Multi-Family Income / Duplex
Property size:
2,465 SFLot size:
0.17 AcresPrice / SF:
$281/SF- Added:
- May 7, 2026
- Days on Market:
- 25
- Last Refresh:
- May 8 at 4:30 am
Property Features for 530 Northwest 99th Street
General Information
- Standard status
- Active
- Size
- 2,465 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1974
Listing agent Josh Garcia License #3218183 (305) 496-6693
Listing office Compass (305) 496-6693
Listing date May 7, 2026
Source Compass
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
HighLights
- Strong income potential with projected rents of $2,900 per unit ($69,600 annual gross income).
- Value‑add opportunity to increase value through strategic improvements and rent optimization.
- Located in a strong rental corridor with convenient access to major highways, Downtown Miami, Wynwood, Miami Shores, and key employment centers.
- High Impact windows and doors already installed.
- Large 7,350 SF lot with a 2,621 SF duplex.
- Ideal for investors, owner‑users, or 1031 exchange buyers.
Overview
This duplex investment opportunity is located in Miami. The property, situated on a 7,350 SF lot, features approximately 2,621 SF. The property has been updated and includes High Impact windows and doors. It requires some deferred maintenance and capital improvements, including a roof replacement. Projected rents are approximately $2,900 per unit, with a projected annual gross income of $69,600. It is located in a strong rental corridor with convenient access to major highways, Downtown Miami, Wynwood, Miami Shores, and key employment centers. This property is ideal for investors, owner-users, or 1031 exchange buyers seeking stable multifamily demand with upside potential.
Local 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 | $75.4k | $30.60 |
| − Vacancy | −$4.8k | −$1.95 |
| EGI | $70.6k | $28.65 |
| − OpEx | −$21.2k | −$8.60 |
| NOI | $49.4k | $20.06 |
2,465 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$706.2K
$618.0K – $824.0K
NOI $49,437 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$650.5K
$569.2K – $759.0K
NOI $45,537 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$1.66M
$1.46M – $1.94M
NOI $116,472 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2065
- Latitude
- 25.865402
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Value-add duplex with income potential in a strong rental corridor.
Where is this duplex located?
The property is located at 530 Northwest 99th Street Miami, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Strong income potential with projected rents of $2,900 per unit ($69,600 annual gross income).; Value‑add opportunity to increase value through strategic improvements and rent optimization.; Located in a strong rental corridor with convenient access to major highways, Downtown Miami, Wynwood, Miami Shores, and key employment centers.
