North Miami, FL 33161 North Miami, FL 33161
MULTI_FAMILY - North Miami, FL
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
- Parking
- 4
- Patio and Porch features
- Porch
- Exterior features
- Enclosed Porch, Shed
- Standard status
- Active
- APN
- 06-22-19-007-0320
- Size
- 1,426 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- IRONS MANOR HIGH PINE ADD SEC A PB 23-80 S15FT OF LOT 13 ALL 14-15 & N15FT OF LOT 16 BLK 51 LOT SIZE 8400 SQUARE FEET OR 17682-2588 0697 1
- Tax Annual Amount
- 7208
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Central, Wall Furnace
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Flooring type
- Wood, Hardwood, Tile
- Building materials
- Frame
- Roof type
- Shingle
Listing agent Craig Rittenhouse License #3167066 (786) 554-1222
Listing office Norka Realty Inc 14411 Commerce Way Suite 450, Hialeah, FL (305) 822-7474
Listing date Jul 12, 2026
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.
Located in North Miami, the offering is described as centrally located with easy access to major highways. The public remarks also note proximity to Archcreek Elementary and a short drive to Miami Beach.
This layout can suit an owner-operator seeking two separate 2/1 rental units within a single duplex configuration, or an investor looking for a small residential income asset with a dedicated storage building. Showings are by appointment only and are scheduled to begin on July 25. All interested parties should confirm details and availability directly with the listing broker prior to scheduling a tour.
Key Highlights
- Twin 2/1 units with Bedroom 1–4 and 2 bathrooms
- 8400 sq. ft. lot with detached storage shed
- Central air plus wall/window unit cooling
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.9k | $25.20 |
| − Vacancy | −$2.0k | −$1.39 |
| EGI | $34.0k | $23.81 |
| − OpEx | −$10.2k | −$7.14 |
| NOI | $23.8k | $16.67 |
