Brand-New Duplex Under
For Sale
$950,000
3165 NW 61st St, Miami, FL 33142
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 Market140
Property Features for 3165 NW 61st St
General Information
Standard status
Active
Size
2,894 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,905
Amenities
tile flooring
stainless steel appliances
wood kitchen cabinetry
impact-resistant windows and doors
Building Details
Building Size
2,894 SF
Year Built
2026
Listing Agency:
Olde Towne Inter'l Rlty
Listed By:
Jose Ortiz · License #0384350
(305) 785-4586
Source:
Casacollectiongroup
Added: Jun 8
Changed: Oct 14
Last Checked: Oct 23 at 12:58PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$58,041
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,820
$1.2M
Cap Rate 7%
$829,157
$829.2K
Cap Rate 9%
$644,900
$644.9K
Market Conditions
NOI Build-Up for 2,894 SF
Gross rent
$88.6K $30.60/SF
− Vacancy
−$5.6K −$1.95/SF
EGI
$82.9K $28.65/SF
− OpEx
−$24.9K −$8.60/SF
NOI
$58.0K $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%
$1,160,820
Cap Rate 7%
$829,157
Cap Rate 9%
$644,900
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 authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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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 - 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 NW 61st St 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
