Two-Unit
For Sale
$525,000
6716 NW 6th Ave, Miami, FL 33150
One living unit is occupied, while the remodeled upper unit is vacant and includes a washer and dryer.
Property Size1,499 SF
Days on Market11
Property Features for 6716 NW 6th Ave
General Information
Standard status
Active
Size
1,499 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,982
Building Details
Building Size
1,499 SF
Year Built
1925
Listing Agency:
Realty One Group Evolution
Listed By:
Gerry Machado · License #3450122
(786) 477-4715
Source:
Marcelosteinmander
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 7 at 4:55PM
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 Realty One Group Evolution
Investment Insights
Based on property information with market context.
This 1,499-square-foot, two-story property is legally classified as a single-family home and arranged as two separate living units. The upper unit has been remodeled and contains two bedrooms and one bathroom, with a washer and dryer included. The lower unit is tenant-occupied. Both units have new mini-split systems, and a new roof is awaiting final inspection. A metal gate encloses the perimeter.
The property is a short drive from I-95. It is being sold as-is.
The property is a short drive from I-95. It is being sold as-is.
Key Highlights
- Two‑story property with two separate living units; legally classified as a single‑family home
- 1,499 square feet
- Remodeled upper unit with 2 bedrooms, 1 bathroom, washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,063
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,260
$601.3K
Cap Rate 7%
$429,471
$429.5K
Cap Rate 9%
$334,033
$334.0K
Market Conditions
NOI Build-Up for 1,499 SF
Gross rent
$45.9K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$42.9K $28.65/SF
− OpEx
−$12.9K −$8.60/SF
NOI
$30.1K $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 Rate 5%
$601,260
Cap Rate 7%
$429,471
Cap Rate 9%
$334,033
Alternative Uses
Best Use
Multifamily LT 5
$429.5K
$375.8K – $501.1K
NOI $30,063 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$395.6K
$346.2K – $461.5K
NOI $27,692 @ 7.0% cap · market cap 5.27%
Theoretical Best
Specialty Retail
$1.01M
$885.4K – $1.18M
NOI $70,828 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One living unit is occupied, while the remodeled upper unit is vacant and includes a washer and dryer.
Where is this duplex located?
The property is located at 6716 NW 6th Ave Miami, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑story property with two separate living units; legally classified as a single‑family home; 1,499 square feet; Remodeled upper unit with 2 bedrooms, 1 bathroom, washer and dryer
