New Construction Duplex Investment
For Sale
Contact for pricing
Pending
11997 SW 218th St, Miami, FL 33170
New duplex with high-end finishes and strong income potential.
Property Size2,392 SF
Days on Market255
Property Features for 11997 SW 218th St
General Information
Standard status
Pending
Size
2,392 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
6261
Building Details
Year Built
2024
Stories
2
Listing Agency:
Aldo Realty Group Corp
Listed By:
Guerlyn Machado · License #3592802
(786) 631-2034
Source:
Crexi
Added: Jan 27
Changed: Sep 25
Last Checked: Oct 7 at 12:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aldo Realty Group Corp
Investment Insights
Based on property information with market context.
This new construction duplex presents an investment opportunity with income potential and low maintenance. Each unit features 3 bedrooms and 2 full bathrooms, with modern layouts and high-end finishes. The property provides more than 3 parking spaces per unit, a feature intended to enhance rental demand and tenant appeal. The property is suitable for investors or owner-occupants who may choose to live in one unit while renting out the other. Located in a growing area with high rental demand, this duplex is intended as a long-term, income-producing investment. The property size is 2392 square feet.
Key Highlights
- Brand‑new 2024 construction duplex: low maintenance and modern appeal.
- Strong income potential: ideal for investors or owner‑occupants.
- High rental demand location: growing area ensures consistent occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,973
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,460
$959.5K
Cap Rate 7%
$685,329
$685.3K
Cap Rate 9%
$533,033
$533.0K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$73.2K $30.60/SF
− Vacancy
−$4.7K −$1.95/SF
EGI
$68.5K $28.65/SF
− OpEx
−$20.6K −$8.60/SF
NOI
$48.0K $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 Rate 5%
$959,460
Cap Rate 7%
$685,329
Cap Rate 9%
$533,033
Alternative Uses
Best Use
Multifamily LT 5
$685.3K
$599.7K – $799.6K
NOI $47,973 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$631.3K
$552.4K – $736.5K
NOI $44,188 @ 7.0% cap · market cap 5.54%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $113,023 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 33170, FL
14,908
Population
4,839
Households
3.1
Avg Household Size
37
Median Age
22%
College-Educated
79%
High-School Grad
12.4 sq mi
ZIP Area
1,202
Density / Sq Mi
$68,953
Median Household Income
$40,052
Median Earnings
$1,511
Median Rent
$426,200
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 - New duplex with high-end finishes and strong income potential.
Where is this duplex located?
The property is located at 11997 SW 218th St Miami, FL.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Brand‑new 2024 construction duplex: low maintenance and modern appeal.; Strong income potential: ideal for investors or owner‑occupants.; High rental demand location: growing area ensures consistent occupancy.
