Two-Unit Duplex with Private
8201 - 8205 NW 15th Ave Miami, FL 33147
8201 - 8205 NW 15th Ave, Miami, FL, 33147
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For Sale
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Two separate units each have private entrances, fenced outdoor space, and dedicated parking.
Property Size1,200 SF
Lot Size0.17 Acres
Price / SF$374.17
Days on Market180
Property Features for 8201 - 8205 NW 15th Ave
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1952
Listing agency
Lexico Realty Inc
(954) 328-6498
Listed by
Alejandro Patino · License #3264284
Source
Crexi
Added: Jan 23 Updated: Jul 20 at 10:03PM Checked: Jul 21 at 2:10PM
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 Lexico Realty Inc
Investment Insights
Based on property information with market context.
This property is a 2-unit duplex featuring two separate residences with their own private entrances. Unit 8201 is configured as a 2-bedroom, 1-bath layout with an open floor plan, laundry room, and a kitchen with custom cabinetry. Unit 8205 offers a 1-bedroom, 1-bath configuration with its own entrance and private parking. The duplex includes two separate yards and two electric meters.
A large paved parking area supports vehicles for the property, with capacity described as over 15 cars or trucks. The lot size is listed as 7,231.68 square feet, and the listing notes the property is not in a flood zone.
The duplex is presented as a residential income property for sale with modern energy-efficient systems and updated interior features across both units.
A large paved parking area supports vehicles for the property, with capacity described as over 15 cars or trucks. The lot size is listed as 7,231.68 square feet, and the listing notes the property is not in a flood zone.
The duplex is presented as a residential income property for sale with modern energy-efficient systems and updated interior features across both units.
Key Highlights
- 2‑unit duplex built in 1952 with 2 electric meters and 2 separate yards
- Unit 8201 has 2 bedrooms, 1 bathroom, plus a laundry room and updated kitchen with custom cabinetry
- Unit 8205 has 1 bedroom, 1 bathroom, with its own entrance and private parking
Local 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 | $36.7k | $30.60 |
| − Vacancy | −$2.3k | −$1.95 |
| EGI | $34.4k | $28.65 |
| − OpEx | −$10.3k | −$8.60 |
| NOI | $24.1k | $20.06 |
1,200 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.8K
$300.8K – $401.1K
NOI $24,067 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$316.7K
$277.1K – $369.5K
NOI $22,168 @ 7.0% cap · market cap 4.94%
Theoretical Best
Specialty Retail
$810.0K
$708.8K – $945.0K
NOI $56,701 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two separate units each have private entrances, fenced outdoor space, and dedicated parking.
Where is this duplex located?
The property is located at 8201 - 8205 NW 15th Ave Miami, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2‑unit duplex built in 1952 with 2 electric meters and 2 separate yards; Unit 8201 has 2 bedrooms, 1 bathroom, plus a laundry room and updated kitchen with custom cabinetry; Unit 8205 has 1 bedroom, 1 bathroom, with its own entrance and private parking
