Duplex Income
655 NE 135th St North Miami, FL 33161
655 NE 135th St, North Miami, FL, 33161
$660,000
Pending
For Sale
$660,000
Pending
MULTI_FAMILY - North Miami, FL
Property Size2,892 SF
Days on Market122
Property Features for 655 NE 135th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 5
- Parking
- 2
- Standard status
- Pending
- APN
- 06-22-19-007-0370
- Size
- 2,892 SF
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- IRONS MANOR HIGH PINES ADDN SEC A E5FT LOT 23 ALL LOT 24 & W10 FT LOT 25 BLK 51 PB 23-80 LOT SIZE 65.000 X 130 OR 11669-1193 0183 1
- Tax Annual Amount
- 9612
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Building materials
- Brick, Block
- Roof type
- Shingle
Listing Agency
Bredy International Realty Ser
(786) 586-1736
242 Nottingham Way, DAVENPORT, FL
Listed by
Odney Bredy · License #3160068
(786) 586-1736
Added: Mar 19 Checked: Jul 18 at 11:06 am
MLS# A11744047
Listing URL
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 as-is duplex income property is available for sale with a roof replacement completed July 22, 2024. The seller notes the property is currently rented with five different tenants on month-to-month leases, with three unit descriptions provided: one two-bedroom, one-bath leased at $2,600 per month; a second two-bedroom, one-bath leased at $2,500 per month; and one one-bedroom, one-bath leased at $1,500 per month. Total gross monthly income reported is $6,600, and the sellers state two additional units are expected to be rented soon.
The property is located in North Miami, Florida. The listing advises that it may be difficult to show the entire property during a single showing because tenants are not available together, and potential buyers are encouraged to drive by.
The sale is offered as-is. Title, showing coordination, and final lease terms should be confirmed directly with the seller or listing broker.
The property is located in North Miami, Florida. The listing advises that it may be difficult to show the entire property during a single showing because tenants are not available together, and potential buyers are encouraged to drive by.
The sale is offered as-is. Title, showing coordination, and final lease terms should be confirmed directly with the seller or listing broker.
Key Highlights
- Duplex built in 1951 with brick and block construction
- New roof replaced July 22, 2024
- Rented with 5 tenants on month‑to‑month leases; all units currently rented
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 | $72.9k | $25.20 |
| − Vacancy | −$4.0k | −$1.39 |
| EGI | $68.9k | $23.81 |
| − OpEx | −$20.7k | −$7.14 |
| NOI | $48.2k | $16.67 |
2,892 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$688.7K
$602.6K – $803.5K
NOI $48,209 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$635.4K
$556.0K – $741.3K
NOI $44,477 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,706 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex sold in as-is condition with a recent roof replacement and month-to-month tenants.
Where is this duplex located?
The property is located at 655 NE 135th St North Miami, FL.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Duplex built in 1951 with brick and block construction; New roof replaced July 22, 2024; Rented with 5 tenants on month‑to‑month leases; all units currently rented
