Updated Duplex with Separate
For Sale
$599,900
1400 NW 55th St, Miami, FL 33142
Residential Income, Miami, FL
Property Size1,120 SF
Price / SF$535.63
Days on Market52
Property Features for 1400 NW 55th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
0104
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Parking
4
Security features
Security
Window features
Blinds
Patio and Porch features
Porch, Patio
Exterior features
Fence, Lighting, Porch, Patio, Room For Pool, Shed, Security/High Impact Doors
Fencing
Fenced
Subdivision
MC CALL PARK
Lot features
< 1/4 Acre
Directions
GPS
Standard status
Active
APN
01-31-14-034-0080
Size
1,120 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
14 53 41 MC CALL PARK PB 21-20 N60FT LOTS 13 & 14 BLK 1 LOT SIZE 60.000 X 111 OR 16967-2168 1095 1 COC 25424-1438 02 2007 5
Tax Annual Amount
8691
Legal Description
14 53 41 MC CALL PARK PB 21-20 N60FT LOTS 13 & 14 BLK 1 LOT SIZE 60.000 X 111 OR 16967-2168 1095 1 COC 25424-1438 02 2007 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1953
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Concrete
Listing Agency:
United Realty Group Inc
(954) 639-7287
Listed By:
Jibelsa Unzalu · License #3375589
(727) 798-9160
Added: Jul 26
Changed: Sep 13
Last Checked: Sep 15 at 1:06PM
MLS# A12058211
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 legal duplex contains 1,120 square feet and was built in 1953, with contemporary updates, block construction, vinyl flooring, and a concrete roof. The property includes two bedrooms and two bathrooms, along with a porch, patio, fenced exterior, lighting, a shed, and security/high-impact doors. Electric heating, electric cooling, and ceiling fans serve the building.
Each unit has its own electric meter, which separates utility measurement between residences. Both units are occupied by long-term tenants who have expressed interest in remaining. Public water and public sewer serve the property, and cable service is available. The address is 1400 NW 55th St in Miami, Florida 33142.
Each unit has its own electric meter, which separates utility measurement between residences. Both units are occupied by long-term tenants who have expressed interest in remaining. Public water and public sewer serve the property, and cable service is available. The address is 1400 NW 55th St in Miami, Florida 33142.
Key Highlights
- Legal duplex with 1,120 square feet, built in 1953
- Both units occupied by long‑term tenants who would like to remain
- Separate electric meters for each unit
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
$22,462
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
3.74%
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%
$449,240
$449.2K
Cap Rate 7%
$320,886
$320.9K
Cap Rate 9%
$249,578
$249.6K
Market Conditions
NOI Build-Up for 1,120 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
$34.3K $30.60/SF
− Vacancy
−$2.2K −$1.95/SF
EGI
$32.1K $28.65/SF
− OpEx
−$9.6K −$8.60/SF
NOI
$22.5K $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%
$449,240
Cap Rate 7%
$320,886
Cap Rate 9%
$249,578
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,462 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$295.6K
$258.6K – $344.8K
NOI $20,690 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$756.0K
$661.5K – $882.0K
NOI $52,921 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Fully occupied property with fenced grounds, patio, and public water and sewer service.
Where is this duplex located?
The property is located at 1400 NW 55th St Miami, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Legal duplex with 1,120 square feet, built in 1953; Both units occupied by long‑term tenants who would like to remain; Separate electric meters for each unit
