New Construction Duplex With 2
For Sale
$749,000
1766 NW 68th Ter, Miami, FL 33147
Residential Income, Miami, FL
Property Size2,144 SF
Price / SF$349.35
Days on Market37
Property Features for 1766 NW 68th Ter
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3
Parking
2
Subdivision
LIBERTY CITY
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-15-005-1170
Size
2,144 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LIBERTY CITY PB 7-79 LOT 13 BLK 5 LOT SIZE 40.000 X 90 OR 24032-3873 1105 3 COC 25682-4376 06 2007 1
Tax Annual Amount
9126
Legal Description
LIBERTY CITY PB 7-79 LOT 13 BLK 5 LOT SIZE 40.000 X 90 OR 24032-3873 1105 3 COC 25682-4376 06 2007 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
washer/dryer
security cameras
Building Details
Year built
2023
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Concrete
Listing Agency:
Keller Williams Eagle Realty · Keller Williams Realty
(305) 757-1700
Listed By:
Hernan Gambertoglio · License #3244134
(305) 495-3707
Added: Jul 18
Changed: Aug 19
Last Checked: Aug 23 at 3:06PM
MLS# A12036050
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This new construction duplex offers two units in a block construction building with a concrete roof and ceramic tile flooring. The property includes central heating and central air, plus public sewer service and cable availability. Built in 2023, it is designed with practical in-unit features such as washer/dryer, and exterior security elements including shutters, a fence, and security cameras.
The duplex is located at 1766 NW 68th Ter in Miami, FL 33147. Utilities are separately metered, with separated power and water meters for the two units. There is no HOA or association fee.
With its two-unit layout, separated utilities, and recently completed construction, this property is positioned for straightforward duplex operations and tenant-facing functionality.
The duplex is located at 1766 NW 68th Ter in Miami, FL 33147. Utilities are separately metered, with separated power and water meters for the two units. There is no HOA or association fee.
With its two-unit layout, separated utilities, and recently completed construction, this property is positioned for straightforward duplex operations and tenant-facing functionality.
Key Highlights
- 2‑unit duplex built in 2023
- 2,144 SF block construction with concrete roof
- Central heating and central air
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
$42,999
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
5.74%
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%
$859,980
$860.0K
Cap Rate 7%
$614,271
$614.3K
Cap Rate 9%
$477,767
$477.8K
Market Conditions
NOI Build-Up for 2,144 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
$65.6K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.4K $28.65/SF
− OpEx
−$18.4K −$8.60/SF
NOI
$43.0K $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 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%
$859,980
Cap Rate 7%
$614,271
Cap Rate 9%
$477,767
Alternative Uses
Best Use
Multifamily LT 5
$614.3K
$537.5K – $716.7K
NOI $42,999 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$565.8K
$495.1K – $660.1K
NOI $39,607 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,305 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - New construction Miami-Dade duplex built in 2023 with central HVAC, tile flooring, and separated power and water meters.
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‑unit duplex built in 2023; 2,144 SF block construction with concrete roof; Central heating and central air
