Duplex With Fenced
For Sale
$550,000
5312 NW 24th Ct, Miami, FL 33142
Residential Income, Miami, FL
Property Size1,000 SF
Price / SF$550
Days on Market46
Property Features for 5312 NW 24th Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Subdivision
GLENWOOD HEIGHTS ADDN
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-22-018-0280
Size
1,000 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
GLENWOOD HGTS ADD PB 27-30 LOT 27 BLK 2 LOT SIZE 40.000 X 108 OR 13007-2314 0986 4
Legal Description
GLENWOOD HGTS ADD PB 27-30 LOT 27 BLK 2 LOT SIZE 40.000 X 108 OR 13007-2314 0986 4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
fenced backyard
Building Details
Year built
1951
Floors in Building
1
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
Keller Williams Elite Properties · Keller Williams Realty
(305) 931-2224
Listed By:
Rafael Goicouria · License #3102634
(786) 248-3268
Added: Jul 14
Changed: Aug 26
Last Checked: Aug 28 at 7:06PM
MLS# A12052470
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,000-square-foot duplex, built in 1951, offers two distinct residential layouts: one unit with 2 bedrooms and 1 bathroom, and another with 1 bedroom and 1 bathroom. Both units include appliances and laminate flooring, supported by central heating and central air conditioning. Block construction, a shingle roof, and public sewer service complete the core improvements.
A private, fully fenced backyard provides additional outdoor space for the property. The duplex is located in Miami, with access to major highways, public transit, and local shops identified in the property information.
A private, fully fenced backyard provides additional outdoor space for the property. The duplex is located in Miami, with access to major highways, public transit, and local shops identified in the property information.
Key Highlights
- Two‑unit duplex with 2‑bedroom and 1‑bedroom layouts
- 1,000 square feet; built in 1951
- Both units include appliances and laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,056
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$401,120
$401.1K
Cap Rate 7%
$286,514
$286.5K
Cap Rate 9%
$222,844
$222.8K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$30.6K $30.60/SF
− Vacancy
−$1.9K −$1.95/SF
EGI
$28.7K $28.65/SF
− OpEx
−$8.6K −$8.60/SF
NOI
$20.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$401,120
Cap Rate 7%
$286,514
Cap Rate 9%
$222,844
Alternative Uses
Best Use
Multifamily LT 5
$286.5K
$250.7K – $334.3K
NOI $20,056 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 3.36%
Theoretical Best
Specialty Retail
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 8.59%
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
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate one- and two-bedroom layouts, central systems, appliances, and durable laminate flooring.
Where is this duplex located?
The property is located at 5312 NW 24th Ct Miami, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with 2‑bedroom and 1‑bedroom layouts; 1,000 square feet; built in 1951; Both units include appliances and laminate flooring
