Duplex with Hurricane
For Sale
$770,000
2271/2273 NW 66th St, Miami, FL 33147
Residential Income, Miami, FL
Property Size2,440 SF
Price / SF$315.57
Days on Market54
Property Features for 2271/2273 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 1, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 5
Parking
4
Security features
Security
Exterior features
Storm/Security Shutters
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
30-31-15-018-0130
Size
2,440 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
22ND AVE HTS PB 45-3 LOT 3 BLK 2 LOT SIZE 7590 SQ FT M/L
Tax Annual Amount
11582
Legal Description
22ND AVE HTS PB 45-3 LOT 3 BLK 2 LOT SIZE 7590 SQ FT M/L
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
hurricane shutters
secure gated front porch
private parking
Building Details
Year built
2019
Floors in Building
1
Flooring type
Tile
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 7
Last Checked: Sep 9 at 11:06PM
MLS# A12035158
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.
Built in 2019, this 2,440-square-foot duplex contains two separate three-bedroom, two-bath units. Both residences are leased and include kitchens equipped with granite countertops, center islands, and stainless-steel stoves, microwaves, and refrigerators. Tile flooring, central heating, central air conditioning, block construction, and a concrete roof complete the core improvements.
Exterior features include hurricane shutters, a gated front porch, and private parking. The property is located near I-95 and the airport, with public sewer and cable availability. Its Miami-Dade County setting and two-unit configuration support continued use as a residential income property.
Exterior features include hurricane shutters, a gated front porch, and private parking. The property is located near I-95 and the airport, with public sewer and cable availability. Its Miami-Dade County setting and two-unit configuration support continued use as a residential income property.
Key Highlights
- 2,440‑square‑foot duplex completed in 2019
- Two leased 3‑bedroom, 2‑bath units
- Granite kitchen counters, center islands, and 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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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
796
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 leased residential units feature private parking, gated entry, and updated kitchens with stainless-steel appliances.
Where is this duplex located?
The property is located at 2271/2273 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 completed in 2019; Two leased 3‑bedroom, 2‑bath units; Granite kitchen counters, center islands, and stainless‑steel appliances
