Well-Maintained Duplex with Private
For Sale
$769,900
7546 NW 2nd Terrace, Miami, FL 33126
Well-maintained duplex with a new roof, concrete block construction, and two units each with a private entrance and parking.
Property Size2,265 SF
Price / SF$369.26
Days on Market122
Property Features for 7546 NW 2nd Terrace
General Information
Standard status
Active
Size
2,265 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
5700
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,673
Building Details
Building Size
2,265 SF
Year Built
1958
Stories
1
Construction
concrete block
Listing Agency:
Keller Williams Realty International Lifestyles
Listed By:
Jorge A Lobato · License #0531439
(305) 322-3579
Source:
Laerrealty
Added: May 9
Changed: Sep 3
Last Checked: Sep 7 at 4:55AM
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 Keller Williams Realty International Lifestyles
Investment Insights
Based on property information with market context.
This well-maintained duplex features a brand-new roof and concrete block construction. The property provides two separate units, each with its own private entrance and functional layouts. With a fenced lot and low-maintenance exterior, the building is designed to be straightforward to own and operate.
The property is centrally located near major malls, business districts, restaurants, and Miami International Airport, with quick access to key expressways. On-site parking supports resident and visitor convenience.
Overall, this is an income-producing duplex with a practical, two-unit configuration and independent entry for each unit.
The property is centrally located near major malls, business districts, restaurants, and Miami International Airport, with quick access to key expressways. On-site parking supports resident and visitor convenience.
Overall, this is an income-producing duplex with a practical, two-unit configuration and independent entry for each unit.
Key Highlights
- Well‑maintained duplex built in 1958 with concrete block construction
- Two separate units, each with its own private entrance
- Brand‑new roof
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
5.43%
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 5.43%
Second Best
Apartment 5plus
$550.2K
$481.5K – $642.0K
NOI $38,517 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,517 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with a new roof, concrete block construction, and two units each with a private entrance and parking.
Where is this duplex located?
The property is located at 7546 NW 2nd Terrace Miami, FL.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Well‑maintained duplex built in 1958 with concrete block construction; Two separate units, each with its own private entrance; Brand‑new roof
