Duplex with Impact Windows and
For Sale
$949,900
1629 NW 40th St, Miami, FL 33142
MULTI_FAMILY - Miami, FL
Property Size3,347 SF
Price / SF$283.81
Days on Market20
Property Features for 1629 NW 40th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
5700
Bedrooms
8
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 5, Bathroom 6, Bathroom 5, Bathroom 1, Bedroom 6, Bathroom 4, Bedroom 8, Bedroom 1, Bedroom 2, Bathroom 3
Parking
4
Subdivision
CEDARHURST
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-23-038-0150
Size
3,347 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CEDARHURST PB 11-18 LOT 15 LOT SIZE 50.000 X 100 OR 16597-3168 1194 3
Tax Annual Amount
2762
Legal Description
CEDARHURST PB 11-18 LOT 15 LOT SIZE 50.000 X 100 OR 16597-3168 1194 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Monica Malpica · License #3282829
(407) 968-3856
Added: Jul 18
Changed: Aug 4
Last Checked: Aug 6 at 3:06AM
MLS# A12036022
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 duplex is under construction with an estimated year built of 2026. The project totals 3,347 SF and features an open-concept kitchen with modern countertops and stainless steel appliances. The layout includes eight bedrooms and four full bathrooms plus two half bathrooms. Block construction is noted, with laminate and ceramic tile flooring, and a shingle roof.
The home is equipped with impact windows and impact doors, with central heating and central air cooling. Utilities noted include cable available, and sewer service is provided by the public sewer system. The listing also states no HOA and no CDD.
The duplex is located at 1629 NW 40th St in Miami, FL 33142.
The home is equipped with impact windows and impact doors, with central heating and central air cooling. Utilities noted include cable available, and sewer service is provided by the public sewer system. The listing also states no HOA and no CDD.
The duplex is located at 1629 NW 40th St in Miami, FL 33142.
Key Highlights
- Under construction duplex with an estimated 2026 year built
- 3,347 SF under construction duplex with open‑concept kitchen
- Eight bedrooms with four full bathrooms and two half bathrooms
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 | $102.4k | $30.60 |
| − Vacancy | −$6.5k | −$1.95 |
| EGI | $95.9k | $28.65 |
| − OpEx | −$28.8k | −$8.60 |
| NOI | $67.1k | $20.06 |
3,347 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$958.9K
$839.1K – $1.12M
NOI $67,126 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$883.3K
$772.9K – $1.03M
NOI $61,830 @ 7.0% cap · market cap 6.51%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,147 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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 - Under-construction duplex with impact windows and doors, block construction, and central HVAC on public sewer.
Where is this duplex located?
The property is located at 1629 NW 40th St Miami, FL.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Under construction duplex with an estimated 2026 year built; 3,347 SF under construction duplex with open‑concept kitchen; Eight bedrooms with four full bathrooms and two half bathrooms
