New Construction
For Sale
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1766 NW 68th Ter, Miami, FL 33147
Two three-bedroom units offer two-bath layouts with separately metered utilities.
Property Size2,160 SF
Price / SF$346.76
Days on Market82
Property Features for 1766 NW 68th Ter
General Information
Standard status
Active
Size
2,160 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
5700
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
washer/dryer
shutters
fence
security cameras
stainless steel appliances
Building Details
Year Built
2023
Stories
2
Units
2
Listing Agency:
Keller Williams Eagle Realty
Listed By:
Hernan Gambertoglio · License #3244134
Source:
Crexi
Added: Jun 13
Changed: Aug 31
Last Checked: Aug 31 at 3:51AM
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 Eagle Realty
Investment Insights
Based on property information with market context.
Built in 2023, this 2,160-square-foot duplex contains two units with a three-bedroom, two-bathroom layout. Interior features include tiled flooring, updated kitchens with stainless steel appliances, open living areas, and in-unit washer and dryer connections. Exterior improvements include shutters, fencing, and security cameras.
The property is located at 1766 NW 68th Ter in Miami, with access to I-95 and proximity to Downtown Miami, Miami Beach, Wynwood, and the Design District. Each unit has separate power and water meters, and the property has no HOA or association fee. Zoning is identified as 5700.
The property is located at 1766 NW 68th Ter in Miami, with access to I-95 and proximity to Downtown Miami, Miami Beach, Wynwood, and the Design District. Each unit has separate power and water meters, and the property has no HOA or association fee. Zoning is identified as 5700.
Key Highlights
- 2,160‑square‑foot duplex built in 2023
- Two units with 3‑bedroom, 2‑bathroom floor plans
- Separate power and water meters for the units
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
$43,320
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
5.78%
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%
$866,400
$866.4K
Cap Rate 7%
$618,857
$618.9K
Cap Rate 9%
$481,333
$481.3K
Market Conditions
NOI Build-Up for 2,160 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
$66.1K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.9K $28.65/SF
− OpEx
−$18.6K −$8.60/SF
NOI
$43.3K $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%
$866,400
Cap Rate 7%
$618,857
Cap Rate 9%
$481,333
Alternative Uses
Best Use
Multifamily LT 5
$618.9K
$541.5K – $722.0K
NOI $43,320 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$570.0K
$498.8K – $665.1K
NOI $39,903 @ 7.0% cap · market cap 5.33%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,061 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
799
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
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 three-bedroom units offer two-bath layouts with separately metered utilities.
Where is this duplex located?
The property is located at 1766 NW 68th Ter Miami, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,160‑square‑foot duplex built in 2023; Two units with 3‑bedroom, 2‑bathroom floor plans; Separate power and water meters for the units
