Two-Unit Duplex
800 NW 46th St, Miami, FL 33127
For Sale
$725,000
Two-unit residential property with established tenants near Miami’s major employment, retail, dining, and entertainment districts.
Property Size2,708 SF
Lot Size0.24 Acres
Price / SF$267.73
Days on Market57
Property Features for 800 NW 46th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Gross Income
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Partnership Realty Inc.
Listed By:
Zeyneddin Biter · License FL #3365594
(786) 708-1133
Source:
Allyandaj
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 10 at 5:34PM
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 Partnership Realty Inc.
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Investment Insights
Based on property information with market context.
This duplex includes two rental units with established tenants, approximately 2,708 SF of living area, and a 10,300 SF corner lot. Built in 1936, the property offers an existing two-unit configuration for residential rental use. Combined rental income is reported at $5,700 per month, which is omitted from the listing copy under pricing policy.
The property is located in Miami near the Miami Design District, Wynwood Walls, Midtown, I-95, and Downtown Miami. Its setting places the duplex within reach of employment, shopping, dining, and entertainment destinations, while the surrounding area is experiencing investment and redevelopment activity.
The property is located in Miami near the Miami Design District, Wynwood Walls, Midtown, I-95, and Downtown Miami. Its setting places the duplex within reach of employment, shopping, dining, and entertainment destinations, while the surrounding area is experiencing investment and redevelopment activity.
Key Highlights
- Two rental units with established tenants
- Approximately 2,708 SF of living area
- 10,300 SF corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,310
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,200
$1.1M
Cap Rate 7%
$775,857
$775.9K
Cap Rate 9%
$603,444
$603.4K
Market Conditions
NOI Build-Up for 2,708 SF
Gross rent
$82.9K $30.60/SF
− Vacancy
−$5.3K −$1.95/SF
EGI
$77.6K $28.65/SF
− OpEx
−$23.3K −$8.60/SF
NOI
$54.3K $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%
$1,086,200
Cap Rate 7%
$775,857
Cap Rate 9%
$603,444
Alternative Uses
Best Use
Multifamily LT 5
$775.9K
$678.9K – $905.2K
NOI $54,310 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$714.7K
$625.3K – $833.8K
NOI $50,026 @ 7.0% cap · market cap 6.90%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,954 @ 7.0% cap · market cap 17.65%
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
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two-unit residential property with established tenants near Miami’s major employment, retail, dining, and entertainment districts.
Where is this duplex located?
The property is located at 800 NW 46th St Miami, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two rental units with established tenants; Approximately 2,708 SF of living area; 10,300 SF corner lot
