Duplex With Three-Bedroom Main
For Sale
$539,000
6741 NW 6th Ct, Miami, FL 33150
MULTI_FAMILY - Miami, FL
Property Size2,085 SF
Price / SF$258.51
Days on Market47
Property Features for 6741 NW 6th Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2
Parking
2
Subdivision
7TH AVENUE HIGHLANDS
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-13-024-1610
Size
2,085 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
SEVENTH AVE HIGHLANDS PB 14-13 LOTS 9 & 10 BLK 9 LOT SIZE 80.000 X 100 OR 9690 689
Tax Annual Amount
9759
Legal Description
SEVENTH AVE HIGHLANDS PB 14-13 LOTS 9 & 10 BLK 9 LOT SIZE 80.000 X 100 OR 9690 689
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Wall Furnace
Cooling system
Central Air
Building Details
Year built
1946
Floors in Building
1
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
Certezza Realty LLC
(305) 423-2394
Listed By:
Juan Arreaza Bustamante · License #3461354
(305) 744-2195
Added: Jul 8
Changed: Aug 3
Last Checked: Aug 23 at 6:06PM
MLS# A12009297
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 duplex features a spacious 3-bedroom, 2-bath main home along with a separate 1-bedroom, 1-bath unit. The property is built with block construction and includes laminate flooring. Heating is provided by wall furnace and central systems, and cooling is available via central air.
Built in 1946, the duplex is served by public sewer and includes cable service availability. The roof is shingle. The layout offers outdoor space and plenty of parking, making it suitable for owner-occupancy with rental income potential from the additional unit.
Centrally located near the I-95 Expressway, the property provides quick access to shopping, dining, and major conveniences.
Built in 1946, the duplex is served by public sewer and includes cable service availability. The roof is shingle. The layout offers outdoor space and plenty of parking, making it suitable for owner-occupancy with rental income potential from the additional unit.
Centrally located near the I-95 Expressway, the property provides quick access to shopping, dining, and major conveniences.
Key Highlights
- Duplex with 3‑bedroom, 2‑bath main home plus 1‑bedroom, 1‑bath unit
- Block construction with laminate flooring
- Central air plus wall furnace and central heating
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a 3-bedroom, 2-bath main home and a 1-bedroom, 1-bath unit plus central HVAC and central air.
Where is this duplex located?
The property is located at 6741 NW 6th Ct 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: Duplex with 3‑bedroom, 2‑bath main home plus 1‑bedroom, 1‑bath unit; Block construction with laminate flooring; Central air plus wall furnace and central heating
