Duplex with Updated
7636 NW 2nd Ct, Miami, FL 33150
For Sale
New
$649,000
Residential Income, Miami, FL
Property Size2,210 SF
Price / SF$293.67
Days on Market2
Property Features for 7636 NW 2nd Ct
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Security features
Exterior features
Subdivision
Lot features
Standard status
APN
Size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Amenities
central A/C
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Realty World Executive Homes
(305) 251-4044
Listed By:
Mariano Soria · License FL #3275131
(305) 562-4520
Added: Nov 12
Last Checked: Nov 13 at 1:06AM
MLS# A12122831
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.
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Investment Insights
Based on property information with market context.
Built in 2005, this 2,210-square-foot duplex has a concrete block structure, tile flooring, central air conditioning, and storm/security shutters. The shingle roof was replaced in 2023 with a permit. Each unit has separate utilities, and tenants are responsible for water, electricity, and yard upkeep. Leases are month-to-month.
Key Highlights
- 2,210‑square‑foot duplex built in 2005
- Shingle roof replaced in 2023 with a permit
- Separate utilities; tenants cover water, electricity, and yard upkeep
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,323
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,460
$886.5K
Cap Rate 7%
$633,186
$633.2K
Cap Rate 9%
$492,478
$492.5K
Market Conditions
NOI Build-Up for 2,210 SF
Gross rent
$67.6K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$63.3K $28.65/SF
− OpEx
−$19.0K −$8.60/SF
NOI
$44.3K $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%
$886,460
Cap Rate 7%
$633,186
Cap Rate 9%
$492,478
Alternative Uses
Best Use
Multifamily LT 5
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$583.2K
$510.3K – $680.4K
NOI $40,826 @ 7.0% cap · market cap 6.29%
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,423 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,766
Businesses Nearby
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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
$377,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities serve the units, and tenants handle water, electricity, and yard upkeep.
Where is this duplex located?
The property is located at 7636 NW 2nd Ct Miami, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,210‑square‑foot duplex built in 2005; Shingle roof replaced in 2023 with a permit; Separate utilities; tenants cover water, electricity, and yard upkeep
