Income-Generating Duplex with
For Sale
$499,900
545 NW 81st St, Miami, FL 33150
Duplex features two 1-bedroom, 1-bath units with separate entrances, electrical meters, and dedicated carports.
Property Size1,692 SF
Price / SF$295.45
Days on Market136
Property Features for 545 NW 81st St
General Information
Standard status
Active
Size
1,692 SF
Property subtype
Duplex
Site & Location
Neighborhood
79th Street
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,347
Building Details
Building Size
1,692 SF
Year Built
1953
Listing Agency:
Green Lands Realty
Listed By:
Laura Sanchez · License #3200886
(305) 503-4121
Source:
Casacollectiongroup
Added: Jun 12
Changed: Oct 24
Last Checked: Oct 25 at 12:54AM
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 Green Lands Realty
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Investment Insights
Based on property information with market context.
This income-producing duplex offers two separate units, each configured as a 1-bedroom, 1-bath home. The units have their own private entrances and separate electrical meters, and each includes a dedicated carport.
Located in the Rose Bower subdivision in Miami, the property is described as centrally positioned with easy access to major roadways, as well as nearby shopping, dining, and employment centers.
The duplex format supports independent utility metering and separate entry points for each unit, providing a straightforward setup for rental use.
Located in the Rose Bower subdivision in Miami, the property is described as centrally positioned with easy access to major roadways, as well as nearby shopping, dining, and employment centers.
The duplex format supports independent utility metering and separate entry points for each unit, providing a straightforward setup for rental use.
Key Highlights
- Income‑producing duplex built in 1953 in the Rose Bower subdivision of Miami
- Two 1‑bedroom, 1‑bath units
- Each unit has its own private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,934
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,680
$678.7K
Cap Rate 7%
$484,771
$484.8K
Cap Rate 9%
$377,044
$377.0K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$51.8K $30.60/SF
− Vacancy
−$3.3K −$1.95/SF
EGI
$48.5K $28.65/SF
− OpEx
−$14.5K −$8.60/SF
NOI
$33.9K $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%
$678,680
Cap Rate 7%
$484,771
Cap Rate 9%
$377,044
Alternative Uses
Best Use
Multifamily LT 5
$484.8K
$424.2K – $565.6K
NOI $33,934 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$446.5K
$390.7K – $521.0K
NOI $31,257 @ 7.0% cap · market cap 6.25%
Theoretical Best
Specialty Retail
$1.14M
$999.4K – $1.33M
NOI $79,948 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex features two 1-bedroom, 1-bath units with separate entrances, electrical meters, and dedicated carports.
Where is this duplex located?
The property is located at 545 NW 81st St Miami, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Income‑producing duplex built in 1953 in the Rose Bower subdivision of Miami; Two 1‑bedroom, 1‑bath units; Each unit has its own private entrance
