Income-Generating Duplex with Two
7641 Northwest 2nd Court Miami, FL 33150
For Sale
$565,000
Duplex offers two residential units for owner-occupancy and rental income near major roads and shopping.
Property Size2,064 SF
Price / SF$273.74
Days on Market107
Property Features for 7641 Northwest 2nd Court
General Information
- Standard status
- Active
- Size
- 2,064 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1972
Listing Agency:
Extraordinary Realty Group, LLC.
(786) 295-4518
Listed By:
Shanice Hanks · License #3558741
(786) 295-4518
Source:
Compass
Added: Apr 9
Changed: Jul 22
Last Checked: Jul 23 at 7:33AM
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 Extraordinary Realty Group, LLC.
Investment Insights
Based on property information with market context.
For sale at 7641 Northwest 2nd Court, this income-producing duplex is configured as two residential units. The property suits buyers who want to live in one unit while renting the other, supporting an owner-occupant rental structure.
The public remarks note strong rental demand in the area and a convenient central setting near major roads, shopping centers, and local amenities. It’s positioned to appeal to investors and owner-users looking for a steady, long-term income approach.
Please contact for additional details or to schedule a showing.
The public remarks note strong rental demand in the area and a convenient central setting near major roads, shopping centers, and local amenities. It’s positioned to appeal to investors and owner-users looking for a steady, long-term income approach.
Please contact for additional details or to schedule a showing.
Key Highlights
- Duplex built in 1972 with two residential units
- Set up for owner‑occupancy in one unit while renting the other for income
- Centrally located near major roads and shopping centers
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $30.60 |
| − Vacancy | −$4.0k | −$1.95 |
| EGI | $59.1k | $28.65 |
| − OpEx | −$17.7k | −$8.60 |
| NOI | $41.4k | $20.06 |
2,064 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$591.4K
$517.4K – $689.9K
NOI $41,395 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$544.7K
$476.6K – $635.5K
NOI $38,129 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.63M
NOI $97,525 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offers two residential units for owner-occupancy and rental income near major roads and shopping.
Where is this duplex located?
The property is located at 7641 Northwest 2nd Court Miami, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Duplex built in 1972 with two residential units; Set up for owner‑occupancy in one unit while renting the other for income; Centrally located near major roads and shopping centers
