Two-Unit Duplex with
For Sale
$539,000
6741 Nw 6th Ave, Miami, FL 33150
Duplex configuration combines a three-bedroom residence with a separate one-bedroom unit and generous outdoor space.
Property Size2,085 SF
Price / SF$258.51
Days on Market137
Property Features for 6741 Nw 6th Ave
General Information
Standard status
Active
Size
2,085 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,759
Listing Agency:
Certezza Realty LLC
(305) 423-2394
Listed By:
Juan Arreaza Bustamante · License #3461354
(305) 744-2195
Source:
Exprealty
Added: Apr 29
Changed: Sep 10
Last Checked: Sep 11 at 3:23PM
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 Certezza Realty LLC
Investment Insights
Based on property information with market context.
This duplex includes a three-bedroom, two-bath main residence alongside a one-bedroom, one-bath unit. The two-unit layout provides distinct living areas within one property, with outdoor space and parking serving the overall site.
Positioned near the I-95 Expressway in Miami, the property offers access to nearby shopping, dining, and everyday conveniences. Its residential income configuration supports multiple occupancy arrangements, including use of the secondary unit by household members or as an additional living space.
Positioned near the I-95 Expressway in Miami, the property offers access to nearby shopping, dining, and everyday conveniences. Its residential income configuration supports multiple occupancy arrangements, including use of the secondary unit by household members or as an additional living space.
Key Highlights
- Two‑unit duplex configuration
- Main residence with 3 bedrooms and 2 baths
- Additional 1‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$836,320
$836.3K
Cap Rate 7%
$597,371
$597.4K
Cap Rate 9%
$464,622
$464.6K
Market Conditions
NOI Build-Up for 2,085 SF
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.
Gross rent
$63.8K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$59.7K $28.65/SF
− OpEx
−$17.9K −$8.60/SF
NOI
$41.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$836,320
Cap Rate 7%
$597,371
Cap Rate 9%
$464,622
Alternative Uses
Best Use
Multifamily LT 5
$597.4K
$522.7K – $696.9K
NOI $41,816 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$550.2K
$481.5K – $642.0K
NOI $38,517 @ 7.0% cap · market cap 7.15%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,517 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,466
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex configuration combines a three-bedroom residence with a separate one-bedroom unit and generous outdoor space.
Where is this duplex located?
The property is located at 6741 Nw 6th Ave Miami, FL.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Main residence with 3 bedrooms and 2 baths; Additional 1‑bedroom, 1‑bath unit
