Brand-New Duplex Under
3165 Northwest 61st Street Miami, FL 33142
For Sale
$950,000
New duplex under construction with two modern units totaling 8 bedrooms and 6 full bathrooms.
Property Size2,894 SF
Price / SF$328.27
Days on Market58
Property Features for 3165 Northwest 61st Street
General Information
- Standard status
- Active
- Size
- 2,894 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 2026
Listing Agency:
Olde Towne Inter'l Rlty
(305) 819-2979
Listed By:
Jose Ortiz · License #0384350
(305) 819-2979
Source:
Compass
Added: May 27
Changed: Jul 21
Last Checked: Jul 23 at 10:49AM
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 Olde Towne Inter'l Rlty
Investment Insights
Based on property information with market context.
Brand-new duplex currently under construction featuring two spacious modern units totaling 8 bedrooms and 6 full bathrooms. The property is planned to include tile flooring throughout, stainless steel appliances, wood kitchen cabinetry, and impact-resistant windows and doors.
Estimated completion is October 2026. The duplex is described as conveniently located just minutes from Hialeah, Miami International Airport, Wynwood, Downtown Miami, and Brickell.
This offering presents a residential income property configuration designed for both investor rental use and owner-occupant scenarios where rental income can help offset expenses.
Estimated completion is October 2026. The duplex is described as conveniently located just minutes from Hialeah, Miami International Airport, Wynwood, Downtown Miami, and Brickell.
This offering presents a residential income property configuration designed for both investor rental use and owner-occupant scenarios where rental income can help offset expenses.
Key Highlights
- New duplex under construction (Year Built 2026) with two modern units totaling 8 bedrooms and 6 full bathrooms
- Tile flooring throughout and impact‑resistant windows and doors
- Kitchen features include wood cabinetry and stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.6k | $30.60 |
| − Vacancy | −$5.6k | −$1.95 |
| EGI | $82.9k | $28.65 |
| − OpEx | −$24.9k | −$8.60 |
| NOI | $58.0k | $20.06 |
2,894 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$829.2K
$725.5K – $967.4K
NOI $58,041 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$763.7K
$668.3K – $891.0K
NOI $53,462 @ 7.0% cap · market cap 5.63%
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,743 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New duplex under construction with two modern units totaling 8 bedrooms and 6 full bathrooms.
Where is this duplex located?
The property is located at 3165 Northwest 61st Street Miami, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: New duplex under construction (Year Built 2026) with two modern units totaling 8 bedrooms and 6 full bathrooms; Tile flooring throughout and impact‑resistant windows and doors; Kitchen features include wood cabinetry and stainless steel appliances
