Two-Unit Residential Income
For Sale
$670,000
6801 NW 2nd Ct, Miami, FL 33150
Duplex with two rented units, each offering two bedrooms and one bathroom, plus private garden, storage, and on-site laundry areas.
Property Size1,323 SF
Price / SF$506.42
Days on Market208
Property Features for 6801 NW 2nd Ct
General Information
Standard status
Active
Size
1,323 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,725
Building Details
Building Size
1,323 SF
Year Built
1957
Tenancy
Multi
Listing Agency:
Canvas Real Estate
Listed By:
Maria Barrera · License #3353031
(786) 520-7827
Source:
Casacollectiongroup
Added: Feb 12
Changed: Sep 8
Last Checked: Sep 7 at 8:03AM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
This duplex features two separate residential units, each with two bedrooms and one bathroom. The property is currently rented, providing in-place occupancy. Additional improvements include a private garden area, two individual laundry areas located at the back of the units, and extra storage space.
The address is 6801 Northwest 2nd Court in Miami, Florida. The surrounding area is described as Little Haiti.
The layout supports independent day-to-day living for each unit with dedicated laundry spaces and defined storage, while the private garden area offers an outdoor option for residents.
The address is 6801 Northwest 2nd Court in Miami, Florida. The surrounding area is described as Little Haiti.
The layout supports independent day-to-day living for each unit with dedicated laundry spaces and defined storage, while the private garden area offers an outdoor option for residents.
Key Highlights
- Duplex built in 1957 in Little Haiti
- Two rented units; each unit has 2 bedrooms and 1 bathroom
- Private garden area included
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
$26,533
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
3.96%
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%
$530,660
$530.7K
Cap Rate 7%
$379,043
$379.0K
Cap Rate 9%
$294,811
$294.8K
Market Conditions
NOI Build-Up for 1,323 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
$40.5K $30.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$37.9K $28.65/SF
− OpEx
−$11.4K −$8.60/SF
NOI
$26.5K $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%
$530,660
Cap Rate 7%
$379,043
Cap Rate 9%
$294,811
Alternative Uses
Best Use
Multifamily LT 5
$379.0K
$331.7K – $442.2K
NOI $26,533 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$349.1K
$305.5K – $407.3K
NOI $24,440 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$893.0K
$781.4K – $1.04M
NOI $62,512 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,137
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 two rented units, each offering two bedrooms and one bathroom, plus private garden, storage, and on-site laundry areas.
Where is this duplex located?
The property is located at 6801 NW 2nd Ct Miami, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Duplex built in 1957 in Little Haiti; Two rented units; each unit has 2 bedrooms and 1 bathroom; Private garden area included
