Duplex Renovated With Central
For Sale
$965,000
538 NW 20th Ave, Miami, FL 33125
Recently renovated duplex with new central AC, updated plumbing, and interior upgrades throughout.
Days on Market150
Property Features for 538 NW 20th Ave
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
2,666 SF
Year Built
1946
Listing Agency:
Cervera Real Estate Inc.
(786) 886-6822
Listed By:
Shaked Bar · License #3400933
Source:
Miamibrokersgroup
Added: Mar 4
Changed: Jul 30
Last Checked: Jul 31 at 11:36AM
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 Cervera Real Estate Inc.
Investment Insights
Based on property information with market context.
This recently renovated duplex at 538 NW 20th Ave, Miami, FL 33125 offers income-producing residential space with significant capital upgrades completed. Improvements include a new electrical riser, updated plumbing systems, fresh interior and exterior paint, and new wood flooring throughout.
Unit features and finishes include newly installed kitchens in both the front and rear residences, along with a washer and dryer and an oven. The property is delivered in turn-key condition with stabilized income and minimal deferred maintenance.
Built in 1946, the duplex is positioned for investors seeking a renovated, maintenance-conscious property with modernized systems and updated interiors.
Unit features and finishes include newly installed kitchens in both the front and rear residences, along with a washer and dryer and an oven. The property is delivered in turn-key condition with stabilized income and minimal deferred maintenance.
Built in 1946, the duplex is positioned for investors seeking a renovated, maintenance-conscious property with modernized systems and updated interiors.
Key Highlights
- New electrical riser
- Updated plumbing systems
- New wood flooring throughout
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 | $81.6k | $30.60 |
| − Vacancy | −$5.2k | −$1.95 |
| EGI | $76.4k | $28.65 |
| − OpEx | −$22.9k | −$8.60 |
| NOI | $53.5k | $20.06 |
2,666 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$763.8K
$668.4K – $891.1K
NOI $53,468 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$703.6K
$615.6K – $820.8K
NOI $49,250 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$1.80M
$1.57M – $2.10M
NOI $125,970 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,605
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
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 - Recently renovated duplex with new central AC, updated plumbing, and interior upgrades throughout.
Where is this duplex located?
The property is located at 538 NW 20th Ave Miami, FL.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: New electrical riser; Updated plumbing systems; New wood flooring throughout
