Duplex With In-Law
650 NW 49th St, Miami, FL 33127
For Sale
$685,000
Residential income property with a separate in-law quarters and flexible living arrangement.
Property Size1,476 SF
Price / SF$464.09
Days on Market55
Property Features for 650 NW 49th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Pines Real Estate & Investment
Listed By:
Louis Sparks · License FL #0668904
(786) 487-5600
Source:
Casacollectiongroup
Added: Sep 17
Changed: Nov 4
Last Checked: Nov 10 at 4:01PM
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 Pines Real Estate & Investment
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Investment Insights
Based on property information with market context.
This 1977-built duplex includes an in-law quarters that adds flexibility to the property’s residential configuration. The additional space may support rental use, subject to applicable requirements and approvals.
The property is located at 650 NW 49th St in Miami, Florida 33127. Its duplex classification and separate quarters create a multi-unit residential setup for an owner considering income-producing use.
The property is located at 650 NW 49th St in Miami, Florida 33127. Its duplex classification and separate quarters create a multi-unit residential setup for an owner considering income-producing use.
Key Highlights
- Duplex classification
- In‑law quarters included
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,602
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,040
$592.0K
Cap Rate 7%
$422,886
$422.9K
Cap Rate 9%
$328,911
$328.9K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$45.2K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$42.3K $28.65/SF
− OpEx
−$12.7K −$8.60/SF
NOI
$29.6K $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%
$592,040
Cap Rate 7%
$422,886
Cap Rate 9%
$328,911
Alternative Uses
Best Use
Multifamily LT 5
$422.9K
$370.0K – $493.4K
NOI $29,602 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$389.5K
$340.8K – $454.5K
NOI $27,267 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$996.3K
$871.8K – $1.16M
NOI $69,742 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with a separate in-law quarters and flexible living arrangement.
Where is this duplex located?
The property is located at 650 NW 49th St Miami, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Duplex classification; In‑law quarters included; Built in 1977
