Two-Unit Residential Income
88 NW 18th Avenue Miami, FL 33125
For Sale
$449,999
Pending
Handyman special duplex with two 1-bedroom, 1-bath units, offered for sale as an investor project.
Property Size1,190 SF
Days on Market20
Property Features for 88 NW 18th Avenue
General Information
- Standard status
- Pending
- Size
- 1,190 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1938
Listing Agency:
FlatFee.com
(954) 965-3990
Listed By:
Cliff Glansen · License #278017259
(954) 965-3990
Source:
Lehmannflorida
Added: Jul 7
Changed: Jul 25
Last Checked: Jul 25 at 11:59AM
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 FlatFee.com
Investment Insights
Based on property information with market context.
This duplex offers two separate 1-bedroom, 1-bath units. The property is presented as an “investor special” and “handyman special,” indicating it may require buyer attention and improvements.
The property is located at 88 NW 18th Avenue in Miami, Florida. It’s being offered for sale as a residential income property with an owner-occupant or investment-oriented setup based on the existing two-unit configuration.
The current income potential is tied to the duplex arrangement of two 1/1 units. For buyers and investors, the key takeaway is the straightforward two-unit layout and the disclosed need for handyman-level work.
The property is located at 88 NW 18th Avenue in Miami, Florida. It’s being offered for sale as a residential income property with an owner-occupant or investment-oriented setup based on the existing two-unit configuration.
The current income potential is tied to the duplex arrangement of two 1/1 units. For buyers and investors, the key takeaway is the straightforward two-unit layout and the disclosed need for handyman-level work.
Key Highlights
- Handyman special duplex offered as an investor project
- Built in 1938
- 2 units total, each a 1‑bedroom, 1‑bath layout
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 | $36.4k | $30.60 |
| − Vacancy | −$2.3k | −$1.95 |
| EGI | $34.1k | $28.65 |
| − OpEx | −$10.2k | −$8.60 |
| NOI | $23.9k | $20.06 |
1,190 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.9K
$298.3K – $397.8K
NOI $23,866 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$314.0K
$274.8K – $366.4K
NOI $21,983 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$803.3K
$702.9K – $937.1K
NOI $56,228 @ 7.0% cap · market cap 12.50%
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 - Handyman special duplex with two 1-bedroom, 1-bath units, offered for sale as an investor project.
Where is this duplex located?
The property is located at 88 NW 18th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Handyman special duplex offered as an investor project; Built in 1938; 2 units total, each a 1‑bedroom, 1‑bath layout
