Two-Unit Duplex with Impact
Miami, FL 33147, Miami, FL 33147
For Sale
$479,900
Residential Income, Miami, FL
Property Size1,197 SF
Price / SF$400.92
Days on Market9
Property Features
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Exterior features
Lot features
Subdivision
Standard status
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
impact windows
porcelain floor
kitchen upgrade
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Martha Douer · License FL #3226137
(305) 281-9440
Added: Nov 2
Changed: Nov 10
Last Checked: Nov 10 at 9:06PM
MLS# A12115202
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.
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Investment Insights
Based on property information with market context.
This 1,197-square-foot duplex, built in 1947, contains two residences: one with 2 bedrooms and 2 bathrooms and another with 1 bedroom and 1 bathroom. The property has impact windows, porcelain tile flooring, and an upgraded kitchen. Both units are rented on a month-to-month basis.
The building is constructed of concrete block and has electric heating and cooling. Water is supplied publicly, while wastewater is handled by a septic system. The lot is described as having room for another unit; open permits remain to be closed.
The building is constructed of concrete block and has electric heating and cooling. Water is supplied publicly, while wastewater is handled by a septic system. The lot is described as having room for another unit; open permits remain to be closed.
Key Highlights
- 1,197‑square‑foot duplex with two residential units
- Unit mix: one 2‑bedroom/2‑bathroom residence and one 1‑bedroom/1‑bathroom residence
- Both units rented on a month‑to‑month basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,006
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,120
$480.1K
Cap Rate 7%
$342,943
$342.9K
Cap Rate 9%
$266,733
$266.7K
Market Conditions
NOI Build-Up for 1,197 SF
Gross rent
$36.6K $30.60/SF
− Vacancy
−$2.3K −$1.95/SF
EGI
$34.3K $28.65/SF
− OpEx
−$10.3K −$8.60/SF
NOI
$24.0K $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%
$480,120
Cap Rate 7%
$342,943
Cap Rate 9%
$266,733
Alternative Uses
Best Use
Multifamily LT 5
$342.9K
$300.1K – $400.1K
NOI $24,006 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$808.0K
$707.0K – $942.7K
NOI $56,559 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
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Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are rented month to month and have distinct bedroom and bathroom configurations.
Where is this duplex located?
The property is located at Miami, FL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 1,197‑square‑foot duplex with two residential units; Unit mix: one 2‑bedroom/2‑bathroom residence and one 1‑bedroom/1‑bathroom residence; Both units rented on a month‑to‑month basis
