Two-Unit Duplex with Private
New
For Sale
$755,000
2218 NW 66th Street, Miami, FL 33147
Independent utility meters and private laundry rooms serve both residences.
Property Size1,971 SF
Lot Size0.17 Acres
Price / SF$383.05
Days on Market2
Property Features for 2218 NW 66th Street
General Information
Standard status
Active
Size
1,971 SF
Total Parking Spaces
4
Lot size
0.17 Acres
Property subtype
Residential Income
Zoning
5700
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Individually Metered Utilities
water, electricity
Taxes and HOA fees
Annual Taxes
$10,285
Amenities
private laundry rooms
fully fenced
spacious backyard
Building Details
Building Size
1,971 SF
Year Built
2020
Buildings
1
Stories
2
Listing Agency:
Realty One Group Evolution
Listed By:
Ingrid M Roldan · License #3136467
(786) 346-5028
Source:
Laerrealty
Added: Oct 24
Last Checked: Oct 24 at 2:35PM
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 Realty One Group Evolution
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Investment Insights
Based on property information with market context.
Built in 2020, this two-story duplex contains two independent residences, each with three bedrooms and two bathrooms. The combined building area is 1,971 square feet on a 7,500-square-foot lot. Interior features include 24-by-24-inch porcelain tile, quartz kitchen counters, wood cabinetry, and stainless steel appliances. Each unit also has high-efficiency air conditioning, a tankless water heater, a private laundry room, and separate water and electric meters.
The property at 2218 NW 66th Street is in Miami, with Midtown, Wynwood, Downtown Miami, Miami International Airport, and major highways described as minutes away. The grounds are fenced and include a backyard and parking.
The property at 2218 NW 66th Street is in Miami, with Midtown, Wynwood, Downtown Miami, Miami International Airport, and major highways described as minutes away. The grounds are fenced and include a backyard and parking.
Key Highlights
- Two‑story duplex built in 2020
- Two residences, each with 3 bedrooms and 2 bathrooms
- 1,971 square feet of building area on a 7,500‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,529
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,580
$790.6K
Cap Rate 7%
$564,700
$564.7K
Cap Rate 9%
$439,211
$439.2K
Market Conditions
NOI Build-Up for 1,971 SF
Gross rent
$60.3K $30.60/SF
− Vacancy
−$3.8K −$1.95/SF
EGI
$56.5K $28.65/SF
− OpEx
−$16.9K −$8.60/SF
NOI
$39.5K $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%
$790,580
Cap Rate 7%
$564,700
Cap Rate 9%
$439,211
Alternative Uses
Best Use
Multifamily LT 5
$564.7K
$494.1K – $658.8K
NOI $39,529 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$520.2K
$455.1K – $606.9K
NOI $36,411 @ 7.0% cap · market cap 4.82%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,131 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
859
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 - Independent utility meters and private laundry rooms serve both residences.
Where is this duplex located?
The property is located at 2218 NW 66th Street Miami, FL.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: Two‑story duplex built in 2020; Two residences, each with 3 bedrooms and 2 bathrooms; 1,971 square feet of building area on a 7,500‑square‑foot lot
