Turnkey 2022 Duplex with
For Sale
$1,100,000
37 NW 70th St, Miami, FL 33150
Two 3BR/2.5BA units built in 2022 with private patios, impact protection, and separate utility meters.
Property Size2,382 SF
Price / SF$407.41
Days on Market136
Property Features for 37 NW 70th St
General Information
Standard status
Active
Size
2,382 SF
Total Parking Spaces
4
Property subtype
Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,488
Building Details
Building Size
2,382 SF
Year Built
2022
Tenancy
Multi
Listing Agency:
Green Wave Realty Group Corp
Listed By:
Adriana Molina · License #3524534
(305) 215-5070
Source:
Marcelosteinmander
Added: Jun 10
Changed: Oct 13
Last Checked: Oct 21 at 3:37AM
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 Green Wave Realty Group Corp
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Investment Insights
Based on property information with market context.
This turnkey duplex was built in 2022 and features two spacious 3BR/2.5BA units. Each unit includes private patio space, impact windows and doors, separate utility meters, and parking for two vehicles. The property is fully fenced and maintained, with separate living spaces designed for straightforward, low-maintenance operation.
Located in Miami’s Little River corridor, the property is listed as being just minutes from the Design District, Wynwood, Midtown, the Magic City Innovation District, and Miami Shores.
The duplex is currently generating $6,200 per month in rental income with stable tenants in place, providing an income-producing setup built around a modern 2022 construction profile.
Located in Miami’s Little River corridor, the property is listed as being just minutes from the Design District, Wynwood, Midtown, the Magic City Innovation District, and Miami Shores.
The duplex is currently generating $6,200 per month in rental income with stable tenants in place, providing an income-producing setup built around a modern 2022 construction profile.
Key Highlights
- 2022‑built duplex with two 3BR/2.5BA units, each about 1,350 SF
- Private patios for each unit
- Impact windows and doors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,150
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,083,000
$1.1M
Cap Rate 7%
$773,571
$773.6K
Cap Rate 9%
$601,667
$601.7K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$82.6K $30.60/SF
− Vacancy
−$5.3K −$1.95/SF
EGI
$77.4K $28.65/SF
− OpEx
−$23.2K −$8.60/SF
NOI
$54.1K $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%
$1,083,000
Cap Rate 7%
$773,571
Cap Rate 9%
$601,667
Alternative Uses
Best Use
Multifamily LT 5
$773.6K
$676.9K – $902.5K
NOI $54,150 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$712.5K
$623.5K – $831.3K
NOI $49,878 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,576 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,185
Businesses Nearby
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Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two 3BR/2.5BA units built in 2022 with private patios, impact protection, and separate utility meters.
Where is this duplex located?
The property is located at 37 NW 70th St Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2022‑built duplex with two 3BR/2.5BA units, each about 1,350 SF; Private patios for each unit; Impact windows and doors throughout
