2-Unit Duplex with Long-Term
For Sale
$460,000
Pending
765 NW 12th St, Homestead, FL 33030
Residential Income, Homestead, FL
Property Size1,500 SF
Lot Size0.27 Acres
Days on Market56
Property Features for 765 NW 12th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking
4
Subdivision
NEWPORT
Lot features
< 1/4 Acre
Standard status
Pending
APN
10-78-12-000-0344
Size
1,500 SF
Lot size
0.27 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
12 57 38 W83FT OF E561FT LESS S25FT OF E1/2 OF S1/2 OF N1/2 OF S1/2 OF NE 1/4 OF SW1/4 LOT SIZE 83.000 X 141 OR 16113-0605-06 0993 5
Tax Annual Amount
8672
Legal Description
12 57 38 W83FT OF E561FT LESS S25FT OF E1/2 OF S1/2 OF N1/2 OF S1/2 OF NE 1/4 OF SW1/4 LOT SIZE 83.000 X 141 OR 16113-0605-06 0993 5
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Flooring type
Terrazzo
Building materials
CBS (Concrete Block Structure), Block
Roof type
Shingle
Buildings
1
Listing Agency:
South Dade Realty Inc · ERA Real Estate
(305) 235-3131
Listed By:
George Cadman IV · License #0494638
(305) 322-3471
Added: Sep 11
Changed: Oct 23
Last Checked: Nov 5 at 1:06AM
MLS# A12087403
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.
This Homestead duplex comprises two residences, each arranged with two bedrooms and one bathroom. Combined building area is 1,500 square feet on an 11,700-square-foot lot. Concrete block construction, terrazzo flooring, window or wall-unit cooling, and a shingle roof are among the property’s physical features.
Tenants are reported to have occupied the units for 15 or 20 years. The roof was replaced in October 2018, and both units passed four-point inspections and are insured. The property is served by public water and a septic tank.
Tenants are reported to have occupied the units for 15 or 20 years. The roof was replaced in October 2018, and both units passed four-point inspections and are insured. The property is served by public water and a septic tank.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Tenants have remained for 15 or 20 years
- 1,500 square feet of building area
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.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have established occupancy, with tenants reported to have remained for 15 or 20 years.
Where is this duplex located?
The property is located at 765 NW 12th St 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 residences, each with 2 bedrooms and 1 bathroom; Tenants have remained for 15 or 20 years; 1,500 square feet of building area
