Two-Unit Duplex with
For Sale
$519,900
North Miami, FL 33161, North Miami, FL 33161
Residential Income, North Miami, FL
Property Size1,426 SF
Lot Size0.19 Acres
Price / SF$364.59
Days on Market92
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
3800
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Parking
4
Patio and Porch features
Porch
Exterior features
Enclosed Porch, Shed
Lot features
Flood Zone, < 1/4 Acre
Subdivision
IRONS MANOR HIGH PINE ADD
Standard status
Active
Size
1,426 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7208
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Wall Furnace, Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Amenities
air-conditioned detached storage shed
Building Details
Year built
1948
Floors in Building
1
Flooring type
Hardwood, Wood, Tile
Building materials
Frame
Roof type
Shingle
Listing Agency:
Norka Realty Inc
(305) 822-7474
Listed By:
Craig Rittenhouse · License #3167066
(786) 554-1222
Added: Jul 18
Changed: Oct 16
Last Checked: Oct 17 at 4:06AM
MLS# A11843970
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 1948 frame duplex contains two 2-bedroom, 1-bath units, with a combined building area of 1,426 square feet. The property occupies an 8,400-square-foot lot and includes an enclosed porch and a detached, air-conditioned storage shed. Flooring includes hardwood, wood, and tile.
The property is in North Miami, with access to major highways and proximity to Archcreek Elementary. Miami Beach is a short drive away.
The property is in North Miami, with access to major highways and proximity to Archcreek Elementary. Miami Beach is a short drive away.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,426‑square‑foot building on an 8,400‑square‑foot lot
- Detached air‑conditioned storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,771
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,420
$475.4K
Cap Rate 7%
$339,586
$339.6K
Cap Rate 9%
$264,122
$264.1K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$35.9K $25.20/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$34.0K $23.81/SF
− OpEx
−$10.2K −$7.14/SF
NOI
$23.8K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,420
Cap Rate 7%
$339,586
Cap Rate 9%
$264,122
Alternative Uses
Best Use
Multifamily LT 5
$339.6K
$297.1K – $396.2K
NOI $23,771 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$313.3K
$274.1K – $365.5K
NOI $21,931 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$723.5K
$633.0K – $844.1K
NOI $50,643 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
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
Frequently Asked Questions
What type of property is this?
Duplex - An enclosed porch and detached storage shed add useful space to this residential property.
Where is this duplex located?
The property is located at North Miami, FL.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,426‑square‑foot building on an 8,400‑square‑foot lot; Detached air‑conditioned storage shed
