Duplex with Separate
For Sale
$590,000
5631 SW 27th St, West Park, FL 33023
MULTI_FAMILY - West Park, FL
Property Size2,002 SF
Price / SF$294.71
Days on Market31
Property Features for 5631 SW 27th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5
Parking
5
Subdivision
MIAMI GARDENS ESTATES
Lot features
< 1/4 Acre
Standard status
Active
APN
514125021210
Size
2,002 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
MIAMI GARDENS ESTATES 22-2 B LOT 29 BLK 4
Tax Annual Amount
9328
Legal Description
MIAMI GARDENS ESTATES 22-2 B LOT 29 BLK 4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1965
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Maytal Brosh · License #3267851
(305) 370-9365
Added: Jul 17
Changed: Aug 13
Last Checked: Aug 16 at 4:06PM
MLS# A12013494
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 duplex offers two separate residential units, including a 3-bedroom, 1-bath layout and a 2-bedroom, 1-bath layout. Each unit has its own entrance, supporting privacy and straightforward day-to-day access. The property includes ample parking and spacious indoor layouts, complemented by outdoor space on a large lot. Interior finishes include tile flooring, and the home is served by central heating and central air conditioning.
The building is constructed with block materials and features a shingle roof. The property is connected to public sewer. The duplex was built in 1965 and is sized at 2,002 square feet.
Located at 5631 SW 27th St in West Park, the property is positioned for convenient access to major highways, shopping, dining, and schools, with beaches, Hard Rock Casino, and downtown Hollywood within minutes.
The building is constructed with block materials and features a shingle roof. The property is connected to public sewer. The duplex was built in 1965 and is sized at 2,002 square feet.
Located at 5631 SW 27th St in West Park, the property is positioned for convenient access to major highways, shopping, dining, and schools, with beaches, Hard Rock Casino, and downtown Hollywood within minutes.
Key Highlights
- One 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
- Separate entrances for each unit
- Central heating and central air conditioning
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
$33,373
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
5.66%
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%
$667,460
$667.5K
Cap Rate 7%
$476,757
$476.8K
Cap Rate 9%
$370,811
$370.8K
Market Conditions
NOI Build-Up for 2,002 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
$50.5K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$47.7K $23.81/SF
− OpEx
−$14.3K −$7.14/SF
NOI
$33.4K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$667,460
Cap Rate 7%
$476,757
Cap Rate 9%
$370,811
Alternative Uses
Best Use
Multifamily LT 5
$476.8K
$417.2K – $556.2K
NOI $33,373 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$439.8K
$384.9K – $513.2K
NOI $30,789 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.02M
$888.7K – $1.18M
NOI $71,099 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,898
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in West Park featuring one 3-bedroom and one 2-bedroom unit with separate entrances and central HVAC.
Where is this duplex located?
The property is located at 5631 SW 27th St West Park, FL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: One 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit; Separate entrances for each unit; Central heating and central air conditioning
