New Construction Four-Bedroom
For Sale
$925,000
1629 Northwest 40th Street, Miami, FL 33142
Each unit combines an open kitchen, stainless steel appliances, impact windows, and contemporary interior finishes.
Property Size3,347 SF
Price / SF$276.37
Days on Market211
Property Features for 1629 Northwest 40th Street
General Information
Standard status
Active
Size
3,347 SF
Property subtype
Multi-Family Income / Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,762
Building Details
Year Built
2025
Listing Agency:
LPT Realty
Listed By:
Monica Malpica · License #3282829
(877) 366-2213
Source:
Compass
Added: Mar 13
Changed: Oct 8
Last Checked: Oct 7 at 3:53PM
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 LPT Realty
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residences, with each unit offering four bedrooms and two and one-half bathrooms. The interiors feature open-plan kitchens, contemporary countertops, stainless steel appliances, and upgraded finishes. Impact-rated windows and doors add another defined building feature.
The property is located at 1629 Northwest 40th Street in Miami, Florida, with convenient proximity to Wynwood, Midtown, the Design District, and area expressways. Its two-unit configuration and substantial bedroom count provide a clearly defined residential layout for an owner-user or income-property buyer.
The property is located at 1629 Northwest 40th Street in Miami, Florida, with convenient proximity to Wynwood, Midtown, the Design District, and area expressways. Its two-unit configuration and substantial bedroom count provide a clearly defined residential layout for an owner-user or income-property buyer.
Key Highlights
- Built in 2025 as a newly constructed duplex
- Two units, each with 4 bedrooms and 2.5 bathrooms
- 3,347 listed property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,126
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,342,520
$1.3M
Cap Rate 7%
$958,943
$958.9K
Cap Rate 9%
$745,844
$745.8K
Market Conditions
NOI Build-Up for 3,347 SF
Gross rent
$102.4K $30.60/SF
− Vacancy
−$6.5K −$1.95/SF
EGI
$95.9K $28.65/SF
− OpEx
−$28.8K −$8.60/SF
NOI
$67.1K $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%
$1,342,520
Cap Rate 7%
$958,943
Cap Rate 9%
$745,844
Alternative Uses
Best Use
Multifamily LT 5
$958.9K
$839.1K – $1.12M
NOI $67,126 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$883.3K
$772.9K – $1.03M
NOI $61,830 @ 7.0% cap · market cap 6.68%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,147 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,175
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each unit combines an open kitchen, stainless steel appliances, impact windows, and contemporary interior finishes.
Where is this duplex located?
The property is located at 1629 Northwest 40th Street Miami, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Built in 2025 as a newly constructed duplex; Two units, each with 4 bedrooms and 2.5 bathrooms; 3,347 listed property size
