Duplex with Two-Bedroom
For Sale
$460,000
Pending
765 NW 12th Street, Homestead, FL 33030
Income-producing duplex with established occupancy, separate two-bedroom layouts, and a roof replaced in 2018.
Property Size1,940 SF
Days on Market53
Property Features for 765 NW 12th Street
General Information
Standard status
Pending
Size
1,940 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
5700
Taxes and HOA fees
Annual Taxes
$8,672
Building Details
Building Size
1,940 SF
Year Built
1957
Stories
1
Listing Agency:
South Dade Realty Inc
Listed By:
George E Cadman · License #0494638
(305) 322-3471
Source:
Laerrealty
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 4 at 10:14AM
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 South Dade Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex includes the units at 765 NW 12th Street and 769 NW 12th Street. Each side provides two bedrooms and one bathroom, with a combined property size of 1,500 square feet on an 11,700-square-foot lot. The units have not been updated, while both have passed four-point inspections and are fully insured.
Built in 1957, the property has established occupancy, with each tenant having remained in place for either 15 or 20 years. The roof was replaced in October 2018. Zoning is designated as 5700, and the property is located in Homestead, Florida.
Built in 1957, the property has established occupancy, with each tenant having remained in place for either 15 or 20 years. The roof was replaced in October 2018. Zoning is designated as 5700, and the property is located in Homestead, Florida.
Key Highlights
- Two‑unit duplex with a 2‑bedroom, 1‑bath layout on each side
- 1,500 square feet of property size on an 11,700‑square‑foot lot
- Tenants have occupied the units for 15 or 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,005
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,100
$500.1K
Cap Rate 7%
$357,214
$357.2K
Cap Rate 9%
$277,833
$277.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$37.8K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$35.7K $23.81/SF
− OpEx
−$10.7K −$7.14/SF
NOI
$25.0K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,100
Cap Rate 7%
$357,214
Cap Rate 9%
$277,833
Alternative Uses
Best Use
Multifamily LT 5
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$329.6K
$288.4K – $384.5K
NOI $23,069 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$761.0K
$665.9K – $887.9K
NOI $53,271 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with established occupancy, separate two-bedroom layouts, and a roof replaced in 2018.
Where is this duplex located?
The property is located at 765 NW 12th Street Homestead, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom, 1‑bath layout on each side; 1,500 square feet of property size on an 11,700‑square‑foot lot; Tenants have occupied the units for 15 or 20 years
