Duplex With Granite
For Sale
$805,000
2249/2251 NW 66th St, Miami, FL 33147
Residential Income, Miami, FL
Property Size2,440 SF
Price / SF$329.92
Days on Market48
Property Features for 2249/2251 NW 66th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 2
Parking
3
Subdivision
22ND AVE HEIGHTS
Lot features
< 1/4 Acre
Directions
JUST DRIVE NORTH ON 22TH AVE AND TURN LEFT ON 66TH STREET, THE DUPLEX WILL BE ON YOUR RIGHT-HAND SIDE.
Standard status
Active
APN
30-31-15-018-0135
Size
2,440 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
22ND AVE HTS PB 45-3 LOT 4 BLK 2 LOT SIZE 7590 SQ FT M/L FAU 30 3115 018 0130
Tax Annual Amount
8593
Legal Description
22ND AVE HTS PB 45-3 LOT 4 BLK 2 LOT SIZE 7590 SQ FT M/L FAU 30 3115 018 0130
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2019
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Concrete
Listing Agency:
Julies Realty, LLC
(305) 751-6400
Listed By:
Vonshari Hoardes · License #3403951
(561) 654-7007
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 23 at 7:06PM
MLS# A12029766
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 duplex at 2249/2251 NW 66th St is a block construction property with a concrete roof, ceramic tile flooring, and central heating and cooling. The unit interiors include granite countertops, black stainless-steel appliances, and a large laundry room with a washer and dryer. The listing’s room layout totals six bedrooms and four bathrooms across the property.
Built in 2019, the duplex is served by public sewer and has cable available. Heating is provided by central systems, with cooling supported by central air and ceiling fan(s).
With a total property size of 2,440 square feet, this is designed as a multi-unit residential income asset within easy reach of major transportation corridors, including I-95 and Miami International Airport.
Built in 2019, the duplex is served by public sewer and has cable available. Heating is provided by central systems, with cooling supported by central air and ceiling fan(s).
With a total property size of 2,440 square feet, this is designed as a multi-unit residential income asset within easy reach of major transportation corridors, including I-95 and Miami International Airport.
Key Highlights
- Duplex with granite countertops and black stainless‑steel appliances
- Built in 2019 with block construction and a concrete roof
- Central HVAC including central air plus ceiling fan(s)
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
$48,936
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
6.08%
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%
$978,720
$978.7K
Cap Rate 7%
$699,086
$699.1K
Cap Rate 9%
$543,733
$543.7K
Market Conditions
NOI Build-Up for 2,440 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
$74.7K $30.60/SF
− Vacancy
−$4.8K −$1.95/SF
EGI
$69.9K $28.65/SF
− OpEx
−$21.0K −$8.60/SF
NOI
$48.9K $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%
$978,720
Cap Rate 7%
$699,086
Cap Rate 9%
$543,733
Alternative Uses
Best Use
Multifamily LT 5
$699.1K
$611.7K – $815.6K
NOI $48,936 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$643.9K
$563.4K – $751.3K
NOI $45,075 @ 7.0% cap · market cap 5.60%
Theoretical Best
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,291 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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
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 - Duplex built in 2019 with central HVAC and ceramic tile flooring, featuring granite countertops in-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 with granite countertops and black stainless‑steel appliances; Built in 2019 with block construction and a concrete roof; Central HVAC including central air plus ceiling fan(s)
