Updated Duplex With Impact
New
For Sale
$560,000
Miami, FL 33150, Miami, FL 33150
MULTI_FAMILY - Miami, FL
Property Size1,473 SF
Price / SF$380.18
Days on Market7
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Parking
5
Security features
Security
Exterior features
Security/High Impact Doors
Subdivision
WEST BISCAYNE
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-02-012-1190
Size
1,473 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WEST BISCAYNE PB 7-58 LOT 15 BLK 7 LOT SIZE 50.000 X 134 COC 26347-0160 04 2008 3
Tax Annual Amount
6313
Legal Description
WEST BISCAYNE PB 7-58 LOT 15 BLK 7 LOT SIZE 50.000 X 134 COC 26347-0160 04 2008 3
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Building Details
Year built
1949
Floors in Building
1
Flooring type
Wood, Hardwood, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
NB Elite Realty
(844) 444-6237
Listed By:
Jorge Zubizarreta LLC · License #0635656
(786) 294-8697
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 11 at 9:06PM
MLS# A12066314
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 1,473-square-foot duplex contains two residential units: one with two bedrooms, one bathroom, and a den, and another with one bedroom and one bathroom. Both units have been updated, with hardwood and tile flooring, central heating, central air, ceiling fans, and electric cooling. The block construction is complemented by security/high-impact doors and a shingle roof that is three years old.
The property is served by public water and a septic tank, with cable available. Built in 1949, the duplex offers a compact residential income configuration with two distinct unit layouts and established core building systems.
The property is served by public water and a septic tank, with cable available. Built in 1949, the duplex offers a compact residential income configuration with two distinct unit layouts and established core building systems.
Key Highlights
- 1,473‑square‑foot duplex with two residential units
- Unit mix includes a 2‑bedroom, 1‑bath unit with den and a 1‑bedroom, 1‑bath unit
- Both units have been updated
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
$29,542
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
5.28%
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%
$590,840
$590.8K
Cap Rate 7%
$422,029
$422.0K
Cap Rate 9%
$328,244
$328.2K
Market Conditions
NOI Build-Up for 1,473 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
$45.1K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$42.2K $28.65/SF
− OpEx
−$12.7K −$8.60/SF
NOI
$29.5K $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%
$590,840
Cap Rate 7%
$422,029
Cap Rate 9%
$328,244
Alternative Uses
Best Use
Multifamily LT 5
$422.0K
$369.3K – $492.4K
NOI $29,542 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$388.7K
$340.1K – $453.5K
NOI $27,211 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$994.3K
$870.0K – $1.16M
NOI $69,600 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
13,901
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated units feature impact windows and doors, central air, and a shingle roof replaced within the past three years.
Where is this duplex located?
The property is located at Miami, FL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 1,473‑square‑foot duplex with two residential units; Unit mix includes a 2‑bedroom, 1‑bath unit with den and a 1‑bedroom, 1‑bath unit; Both units have been updated
