Renovated Duplex Near
For Sale
$420,000
1557-55 NW 66th St, Miami, FL 33147
Fully rented, renovated duplex near Wynwood, Downtown, and Brickell.
Property Size1,080 SF
Price / SF$388.89
Days on Market416
Property Features for 1557-55 NW 66th St
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Duplex
Site & Location
Neighborhood
Liberty Square
Amenities
Central
Electric
Central Air
Cable Available, Flat
Building Details
Building Size
1,080 SF
Year Built
1962
Listing Agency:
Keller Williams Capital Realty
Listed By:
Joel D Valencia · License #BK3104992
(305) 330-9393
Source:
Kw
Added: Sep 5, 2025
Changed: Oct 24
Last Checked: Oct 23 at 5:04PM
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 Keller Williams Capital Realty
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Investment Insights
Based on property information with market context.
This is a fully rented duplex located in Brownsville. The one-story duplex has been fully renovated, including a new roof installed in 2025, updated bathrooms, electric, and plumbing. The remodeled, move-in ready property features 4 beds and 2 baths. The kitchen has been upgraded with stainless-steel appliances and countertops. A new central AC unit has been installed with a 10-year warranty. The property has a separate entrance, making it suitable for leasing. The fully fenced property allows for RV/boat parking with no restrictions and no HOA. The property is near Wynwood, Downtown, and Brickell. There is only one water meter. Electricity in the back unit is monitored privately. The City of Miami will not allow two separate meters due to the lot size. The property size is 1080 square feet.
Key Highlights
- Fully renovated duplex with new roof (2025), bathrooms, electric, and plumbing.
- Fully rented, move‑in ready condition.
- Separate entrances make it ideal for leasing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,660
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,200
$433.2K
Cap Rate 7%
$309,429
$309.4K
Cap Rate 9%
$240,667
$240.7K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$33.0K $30.60/SF
− Vacancy
−$2.1K −$1.95/SF
EGI
$30.9K $28.65/SF
− OpEx
−$9.3K −$8.60/SF
NOI
$21.7K $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%
$433,200
Cap Rate 7%
$309,429
Cap Rate 9%
$240,667
Alternative Uses
Best Use
Multifamily LT 5
$309.4K
$270.8K – $361.0K
NOI $21,660 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$285.0K
$249.4K – $332.5K
NOI $19,951 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$729.0K
$637.9K – $850.5K
NOI $51,030 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
828
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented, renovated duplex near Wynwood, Downtown, and Brickell.
Where is this duplex located?
The property is located at 1557-55 NW 66th St Miami, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Fully renovated duplex with new roof (2025), bathrooms, electric, and plumbing.; Fully rented, move‑in ready condition.; Separate entrances make it ideal for leasing.
