Duplex with Hurricane
For Sale
Contact for pricing
2271/2273 NW 66th St, Miami, FL 33147
Two leased residences offer granite kitchens, private parking, and a gated front porch.
Property Size2,520 SF
Price / SF$327.38
Days on Market83
Property Features for 2271/2273 NW 66th St
General Information
Standard status
Active
Size
2,520 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
5700
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
hurricane shutters
gated front porch
granite countertops
center island
stainless-steel appliances
Building Details
Year Built
2019
Buildings
1
Units
2
Listing Agency:
Julies Realty, LLC
(561) 654-7007
Listed By:
Vonshari Hoardes · License #3403951
Source:
Crexi
Added: Jun 11
Changed: Aug 30
Last Checked: Aug 31 at 5:41PM
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 2,520-square-foot duplex contains two 3-bedroom, 2-bath residences, providing a two-unit configuration with both units currently leased. Constructed in 2019, the property includes hurricane shutters, a gated front porch, and private parking. Each kitchen is fitted with granite countertops, a center island, and stainless-steel appliances including a stove, microwave, and refrigerator.
The property is located at 2271/2273 NW 66th St in Miami, with access to I-95 and the airport described as minutes away. Zoning is identified as 5700.
The property is located at 2271/2273 NW 66th St in Miami, with access to I-95 and the airport described as minutes away. Zoning is identified as 5700.
Key Highlights
- 2,520 SF duplex built in 2019
- Two 3 Bed / 2 Bath units, both currently leased
- Hurricane shutters and gated front porch
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
6.13%
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 6.13%
Second Best
Apartment 5plus
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $119,071 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
796
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 leased residences offer granite kitchens, private parking, and a gated front porch.
Where is this duplex located?
The property is located at 2271/2273 NW 66th St Miami, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,520 SF duplex built in 2019; Two 3 Bed / 2 Bath units, both currently leased; Hurricane shutters and gated front porch
