Refreshed Duplex with New
790 NW 56th St Miami, FL 33127
For Sale
Contact for pricing
Duplex with refreshed interiors, open-concept kitchens, and a new roof, with both units on annual leases.
Property Size1,738 SF
Price / SF$325.09
Days on Market88
Property Features for 790 NW 56th St
General Information
- Standard status
- Active
- Size
- 1,738 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1939
Listing Agency:
MAR NON MLS MEMBER
(305) 361-5722
Listed By:
claudio daniel · License #3260107
Source:
Crexi
Added: Apr 28
Changed: Jul 20
Last Checked: Jul 23 at 6:16AM
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 MAR NON MLS MEMBER
Investment Insights
Based on property information with market context.
This income-producing duplex is for sale and features two nicely refreshed units with open-concept kitchens. The property also includes a new roof, which can help reduce near-term maintenance needs.
Both tenants are currently on annual leases, providing immediate, stable occupancy. The duplex offers a spacious backyard and ample parking, along with convenient access to major transportation routes.
Overall, it presents a straightforward two-unit residential income setup with updated unit interiors and key exterior replacement already in place.
Both tenants are currently on annual leases, providing immediate, stable occupancy. The duplex offers a spacious backyard and ample parking, along with convenient access to major transportation routes.
Overall, it presents a straightforward two-unit residential income setup with updated unit interiors and key exterior replacement already in place.
Key Highlights
- Duplex built in 1939 with refreshed interiors and open‑concept kitchens in both units
- Both units have been refreshed and are currently on annual leases for immediate, stable rental income
- New roof installed to help reduce near‑term maintenance and support long‑term value
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 | $53.2k | $30.60 |
| − Vacancy | −$3.4k | −$1.95 |
| EGI | $49.8k | $28.65 |
| − OpEx | −$14.9k | −$8.60 |
| NOI | $34.9k | $20.06 |
1,738 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$498.0K
$435.7K – $581.0K
NOI $34,857 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$458.7K
$401.3K – $535.1K
NOI $32,107 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,121 @ 7.0% cap · market cap 14.53%
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 with refreshed interiors, open-concept kitchens, and a new roof, with both units on annual leases.
Where is this duplex located?
The property is located at 790 NW 56th St 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 1939 with refreshed interiors and open‑concept kitchens in both units; Both units have been refreshed and are currently on annual leases for immediate, stable rental income; New roof installed to help reduce near‑term maintenance and support long‑term value
