Updated Duplex with Fenced
New
For Sale
$599,000
919 NW 102nd St, Miami, FL 33150
Residential Income, Miami, FL
Property Size1,430 SF
Price / SF$418.88
Days on Market2
Property Features for 919 NW 102nd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
Subdivision
WEST BISCAYNE
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-02-012-0320
Size
1,430 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WEST BISCAYNE PB 7-58 LOT 18 BLK 2 LOT SIZE 50.000 X 150 OR 14397-1869 0190 1
Tax Annual Amount
7370
Legal Description
WEST BISCAYNE PB 7-58 LOT 18 BLK 2 LOT SIZE 50.000 X 150 OR 14397-1869 0190 1
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Amenities
in-unit laundry
fenced yard
Building Details
Year built
1959
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle
Listing Agency:
Keller Williams Elite Properties · Keller Williams Realty
(305) 931-2224
Listed By:
Rafael Goicouria · License #3102634
(786) 248-3268
Added: Sep 22
Last Checked: Sep 23 at 8:06AM
MLS# A12092703
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Miami duplex contains 1,430 square feet across two residences, with four bedrooms and two bathrooms overall. Both units feature vinyl flooring, updated kitchens with stainless steel appliances, private laundry areas, central heating, and central air conditioning. Block construction, a shingle roof, and a septic tank serve the property, which was built in 1959.
The fully fenced yard adds private outdoor space to the property. Showings require coordination with the tenants. Located in Miami-Dade County, the property is identified by postal code 33150.
The fully fenced yard adds private outdoor space to the property. Showings require coordination with the tenants. Located in Miami-Dade County, the property is identified by postal code 33150.
Key Highlights
- 1,430‑square‑foot duplex with four bedrooms and two bathrooms
- Two units, each with an updated kitchen and stainless steel appliances
- Private laundry area provided in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$573,580
$573.6K
Cap Rate 7%
$409,700
$409.7K
Cap Rate 9%
$318,656
$318.7K
Market Conditions
NOI Build-Up for 1,430 SF
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.
Gross rent
$43.8K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.0K $28.65/SF
− OpEx
−$12.3K −$8.60/SF
NOI
$28.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$573,580
Cap Rate 7%
$409,700
Cap Rate 9%
$318,656
Alternative Uses
Best Use
Multifamily LT 5
$409.7K
$358.5K – $478.0K
NOI $28,679 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$377.4K
$330.2K – $440.3K
NOI $26,417 @ 7.0% cap · market cap 4.41%
Theoretical Best
Specialty Retail
$965.3K
$844.6K – $1.13M
NOI $67,568 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate laundry areas, refreshed kitchens, and central air conditioning.
Where is this duplex located?
The property is located at 919 NW 102nd St Miami, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,430‑square‑foot duplex with four bedrooms and two bathrooms; Two units, each with an updated kitchen and stainless steel appliances; Private laundry area provided in each unit
