Duplex with Central
For Sale
$770,000
2249/2251 NW 66th St, Miami, FL 33147
Residential Income, Miami, FL
Property Size2,440 SF
Price / SF$315.57
Days on Market54
Property Features for 2249/2251 NW 66th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 6
Parking
3
Subdivision
22ND AVE HEIGHTS
Lot features
< 1/4 Acre
Directions
JUST DRIVE NORTH ON 22TH AVE AND TURN LEFT ON 66TH STREET, THE DUPLEX WILL BE ON YOUR RIGHT-HAND SIDE.
Standard status
Active
APN
30-31-15-018-0135
Size
2,440 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
22ND AVE HTS PB 45-3 LOT 4 BLK 2 LOT SIZE 7590 SQ FT M/L FAU 30 3115 018 0130
Tax Annual Amount
8593
Legal Description
22ND AVE HTS PB 45-3 LOT 4 BLK 2 LOT SIZE 7590 SQ FT M/L FAU 30 3115 018 0130
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2019
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Concrete
Listing Agency:
Julies Realty, LLC
(305) 751-6400
Listed By:
Vonshari Hoardes · License #3403951
(561) 654-7007
Added: Jul 18
Changed: Sep 2
Last Checked: Sep 9 at 11:06PM
MLS# A12029766
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 2,440-square-foot duplex was built in 2019 with block construction, ceramic tile flooring, a concrete roof, and central heating and air conditioning. The property includes six bedrooms and four bathrooms overall, along with granite countertops, black stainless-steel appliances, and a large laundry room with washer and dryer. Ceiling fans provide an additional cooling feature.
The duplex is located in Miami-Dade County near I-95 and Miami International Airport. Public sewer service is in place, and cable is available. The address is 2249/2251 NW 66th St, Miami, FL 33147.
The duplex is located in Miami-Dade County near I-95 and Miami International Airport. Public sewer service is in place, and cable is available. The address is 2249/2251 NW 66th St, Miami, FL 33147.
Key Highlights
- 2,440‑square‑foot duplex built in 2019
- Six bedrooms and four bathrooms overall
- Granite countertops with black stainless‑steel appliances
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
$48,936
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
6.36%
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%
$978,720
$978.7K
Cap Rate 7%
$699,086
$699.1K
Cap Rate 9%
$543,733
$543.7K
Market Conditions
NOI Build-Up for 2,440 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
$74.7K $30.60/SF
− Vacancy
−$4.8K −$1.95/SF
EGI
$69.9K $28.65/SF
− OpEx
−$21.0K −$8.60/SF
NOI
$48.9K $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%
$978,720
Cap Rate 7%
$699,086
Cap Rate 9%
$543,733
Alternative Uses
Best Use
Multifamily LT 5
$699.1K
$611.7K – $815.6K
NOI $48,936 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$643.9K
$563.4K – $751.3K
NOI $45,075 @ 7.0% cap · market cap 5.85%
Theoretical Best
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,291 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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-unit property with granite counters, stainless-steel appliances, and dedicated laundry space.
Where is this duplex located?
The property is located at 2249/2251 NW 66th St Miami, FL.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: 2,440‑square‑foot duplex built in 2019; Six bedrooms and four bathrooms overall; Granite countertops with black stainless‑steel appliances
