New Construction
For Sale
$949,900
1629 NW 40th St, Miami, FL 33142
Modern finishes, impact-rated openings, and an open kitchen layout define this newly built residential income property.
Property Size3,347 SF
Price / SF$283.81
Days on Market56
Property Features for 1629 NW 40th St
General Information
Standard status
Active
Size
3,347 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,762
Building Details
Building Size
3,347 SF
Year Built
2026
Buildings
1
Tenancy
Multi
Abandoned
No
Listing Agency:
LPT Realty, LLC
(407) 297-8500
Listed By:
Monica Malpica · License #3282829
Source:
Casacollectiongroup
Added: Jun 12
Changed: Aug 3
Last Checked: Aug 5 at 4:32AM
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, LLC
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains 3,347 total square feet with eight bedrooms, four full bathrooms, and two half bathrooms. The interior plan includes an open-concept kitchen fitted with contemporary countertops and stainless steel appliances. Impact windows and doors, along with upgraded interior finishes, are incorporated throughout the property.
The property is located near Wynwood, Midtown, the Design District, and major expressways. It carries no HOA or CDD fees, providing a straightforward ownership structure for this two-unit residential asset.
The property is located near Wynwood, Midtown, the Design District, and major expressways. It carries no HOA or CDD fees, providing a straightforward ownership structure for this two-unit residential asset.
Key Highlights
- 3,347 total square feet completed in 2026
- Eight‑bedroom duplex with 4 full bathrooms and 2 half bathrooms
- Open‑concept kitchen with modern countertops and stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.4k | $30.60 |
| − Vacancy | −$6.5k | −$1.95 |
| EGI | $95.9k | $28.65 |
| − OpEx | −$28.8k | −$8.60 |
| NOI | $67.1k | $20.06 |
3,347 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$958.9K
$839.1K – $1.12M
NOI $67,126 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$883.3K
$772.9K – $1.03M
NOI $61,830 @ 7.0% cap · market cap 6.51%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,147 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,116
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
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Frequently Asked Questions
What type of property is this?
Duplex - Modern finishes, impact-rated openings, and an open kitchen layout define this newly built residential income property.
Where is this duplex located?
The property is located at 1629 NW 40th St Miami, FL.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 3,347 total square feet completed in 2026; Eight‑bedroom duplex with 4 full bathrooms and 2 half bathrooms; Open‑concept kitchen with modern countertops and stainless steel appliances
