Two-Unit Duplex
For Sale
$1,200,000
875 NW 2nd St, Miami, FL 33128
Two separate residences provide flexible occupancy and rental-use options in a centrally located Miami setting.
Property Size2,580 SF
Price / SF$465.12
Days on Market61
Property Features for 875 NW 2nd St
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Duplex
Site & Location
Neighborhood
East Little Havana
Highway Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$16,735
Building Details
Building Size
2,580 SF
Year Built
2008
Listing Agency:
CMB Realty Group, LLC.
Listed By:
Yordenis Ugas · License #3663550
Source:
Miamibrokersgroup
Added: Aug 26
Changed: Oct 21
Last Checked: Oct 23 at 2:00PM
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 CMB Realty Group, LLC.
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Investment Insights
Based on property information with market context.
Built in 2008, this duplex contains two separate units with a combined 2,580 square feet of living space. The property includes six bedrooms and four bathrooms, supporting distinct residential layouts within one multifamily asset. Separate units allow an owner to occupy one residence while leasing the other, or operate both as rental residences.
The property is located at 875 NW 2nd St in Miami, near Brickell and Downtown Miami. Major highways, shopping, dining, and entertainment are also nearby, placing the duplex within a broad range of established urban amenities and transportation connections.
The property is located at 875 NW 2nd St in Miami, near Brickell and Downtown Miami. Major highways, shopping, dining, and entertainment are also nearby, placing the duplex within a broad range of established urban amenities and transportation connections.
Key Highlights
- Two‑unit duplex with 2,580 square feet of combined living space
- Six bedrooms and four bathrooms across the property
- Built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,743
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,860
$1.0M
Cap Rate 7%
$739,186
$739.2K
Cap Rate 9%
$574,922
$574.9K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$78.9K $30.60/SF
− Vacancy
−$5.0K −$1.95/SF
EGI
$73.9K $28.65/SF
− OpEx
−$22.2K −$8.60/SF
NOI
$51.7K $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%
$1,034,860
Cap Rate 7%
$739,186
Cap Rate 9%
$574,922
Alternative Uses
Best Use
Multifamily LT 5
$739.2K
$646.8K – $862.4K
NOI $51,743 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$680.9K
$595.8K – $794.4K
NOI $47,661 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,906 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 33128, FL
8,213
Population
4,533
Households
1.8
Avg Household Size
41
Median Age
22%
College-Educated
66%
High-School Grad
0.4 sq mi
ZIP Area
20,533
Density / Sq Mi
$36,308
Median Household Income
$32,082
Median Earnings
$1,316
Median Rent
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide flexible occupancy and rental-use options in a centrally located Miami setting.
Where is this duplex located?
The property is located at 875 NW 2nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,580 square feet of combined living space; Six bedrooms and four bathrooms across the property; Built in 2008
