Duplex with Separate
New
For Sale
$700,000
941 NW 102nd St, Miami, FL 33150
The property contains one occupied residence and a second, currently vacant unit with a prior rental history.
Property Size2,212 SF
Price / SF$316.46
Days on Market5
Property Features for 941 NW 102nd St
General Information
Standard status
Active
Size
2,212 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
5700
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2/1, 1 x 3/2
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,245
Building Details
Building Size
2,212 SF
Year Built
1969
Stories
1
Listing Agency:
Anhalt Realty
Listed By:
Marvin Anhalt
(201) 568-3300
Source:
Anhaltrealestate
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:44PM
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 Anhalt Realty
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Investment Insights
Based on property information with market context.
Built in 1969, this 2,212-square-foot duplex has two established residences: a 2-bedroom, 1-bathroom unit that is occupied and a 3-bedroom, 2-bathroom unit that is vacant. A separate area outside the two-unit layout may offer potential for an efficiency, subject to buyer verification of zoning and permitting requirements.
The property is on NW 102nd Street in Miami, in the Pinewood/West Little River corridor. Miami Shores is nearby, and I-95, Wynwood, the Design District and Downtown Miami are within a short drive. Shopping, supermarkets, parks and public transit are also identified in the surrounding area.
The property is on NW 102nd Street in Miami, in the Pinewood/West Little River corridor. Miami Shores is nearby, and I-95, Wynwood, the Design District and Downtown Miami are within a short drive. Shopping, supermarkets, parks and public transit are also identified in the surrounding area.
Key Highlights
- 2,212‑square‑foot duplex built in 1969
- Two units: 2‑bedroom, 1‑bathroom and 3‑bedroom, 2‑bathroom
- The 2‑bedroom unit is occupied; the 3‑bedroom unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,363
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,260
$887.3K
Cap Rate 7%
$633,757
$633.8K
Cap Rate 9%
$492,922
$492.9K
Market Conditions
NOI Build-Up for 2,212 SF
Gross rent
$67.7K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$63.4K $28.65/SF
− OpEx
−$19.0K −$8.60/SF
NOI
$44.4K $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%
$887,260
Cap Rate 7%
$633,757
Cap Rate 9%
$492,922
Alternative Uses
Best Use
Multifamily LT 5
$633.8K
$554.5K – $739.4K
NOI $44,363 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$583.8K
$510.8K – $681.1K
NOI $40,863 @ 7.0% cap · market cap 5.84%
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,518 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains one occupied residence and a second, currently vacant unit with a prior rental history.
Where is this duplex located?
The property is located at 941 NW 102nd St Miami, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,212‑square‑foot duplex built in 1969; Two units: 2‑bedroom, 1‑bathroom and 3‑bedroom, 2‑bathroom; The 2‑bedroom unit is occupied; the 3‑bedroom unit is vacant
