Spacious Duplex with In-Unit
For Sale
Contact for pricing
2249/2251 NW 66th St, Miami, FL 33147
Two-unit income property with granite counters, stainless appliances, and a dedicated laundry room in each unit.
Property Size2,520 SF
Price / SF$319.44
Days on Market64
Property Features for 2249/2251 NW 66th St
General Information
Standard status
Active
Size
2,520 SF
Total Parking Spaces
3
Property subtype
Multifamily
Zoning
5700
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
2019
Tenancy
Multi
Listing Agency:
Julies Realty, LLC
(561) 654-7007
Listed By:
Vonshari Hoardes · License #3403951
Source:
Crexi
Added: Jun 11
Changed: Aug 7
Last Checked: Aug 12 at 7:55AM
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 Julies Realty, LLC
Investment Insights
Based on property information with market context.
This for-sale duplex offers spacious, income-oriented living with two residences on a single property. Each unit is described as approximately 1,250 square feet and includes granite countertops, black stainless-steel appliances, and an in-unit washer and dryer located in a large laundry room. The overall property size is listed as 2,520 square feet.
The duplex is located at 2249/2251 NW 66th St, Miami, FL 33147, with proximity to I-95 and Miami International Airport referenced in the remarks. Access to major routes can be a practical consideration for tenants and future operators.
For investors or owner-occupants looking for a duplex setup, the unit amenities described above support everyday convenience, particularly with in-unit laundry. The configuration as a duplex provides a straightforward way to manage two units under one ownership structure, while the spacious layout and included appliances may help support tenant readiness from day one.
The duplex is located at 2249/2251 NW 66th St, Miami, FL 33147, with proximity to I-95 and Miami International Airport referenced in the remarks. Access to major routes can be a practical consideration for tenants and future operators.
For investors or owner-occupants looking for a duplex setup, the unit amenities described above support everyday convenience, particularly with in-unit laundry. The configuration as a duplex provides a straightforward way to manage two units under one ownership structure, while the spacious layout and included appliances may help support tenant readiness from day one.
Key Highlights
- Duplex built in 2019
- Two‑unit income property with granite countertops
- Each unit includes black stainless‑steel appliances
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
$50,540
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
6.28%
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%
$1,010,800
$1.0M
Cap Rate 7%
$722,000
$722.0K
Cap Rate 9%
$561,556
$561.6K
Market Conditions
NOI Build-Up for 2,520 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
$77.1K $30.60/SF
− Vacancy
−$4.9K −$1.95/SF
EGI
$72.2K $28.65/SF
− OpEx
−$21.7K −$8.60/SF
NOI
$50.5K $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 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%
$1,010,800
Cap Rate 7%
$722,000
Cap Rate 9%
$561,556
Alternative Uses
Best Use
Multifamily LT 5
$722.0K
$631.8K – $842.3K
NOI $50,540 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $119,071 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit income property with granite counters, stainless appliances, and a dedicated laundry room in each unit.
Where is this duplex located?
The property is located at 2249/2251 NW 66th St Miami, FL.
What is the asking price?
The asking price for this property is $805,000.
What are key features of this property?
This property features: Duplex built in 2019; Two‑unit income property with granite countertops; Each unit includes black stainless‑steel appliances
