Remodeled Two-Unit
For Sale
$710,000
1028 NW 24th St, Miami, FL 33127
Two matching residences each provide two bedrooms, one bathroom, and access to a shared laundry area.
Property Size1,540 SF
Price / SF$461.04
Days on Market52
Property Features for 1028 NW 24th St
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Duplex
Site & Location
Neighborhood
Santa Clara
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,933
Amenities
on-site laundry
Building Details
Building Size
1,540 SF
Year Built
1977
Listing Agency:
La Rosa Realty LLC
Listed By:
Carina Burguete · License #3468930
(305) 898-6829
Source:
Insidenetworkco
Added: Sep 9
Changed: Oct 28
Last Checked: Oct 30 at 3:26AM
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 La Rosa Realty LLC
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Investment Insights
Based on property information with market context.
This 1,540-square-foot duplex, built in 1977, contains two units with a consistent layout of two bedrooms and one bathroom each. Improvements include laminate flooring, impact-rated windows and doors, and stainless steel appliances. A shared laundry area serves both residences.
The property is at 1028 NW 24th St in Miami, with Wynwood, Downtown Miami, and Miami International Airport described as minutes away.
The property is at 1028 NW 24th St in Miami, with Wynwood, Downtown Miami, and Miami International Airport described as minutes away.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,540 square feet; built in 1977
- Remodeled with laminate flooring and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,886
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,720
$617.7K
Cap Rate 7%
$441,229
$441.2K
Cap Rate 9%
$343,178
$343.2K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$47.1K $30.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$44.1K $28.65/SF
− OpEx
−$13.2K −$8.60/SF
NOI
$30.9K $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%
$617,720
Cap Rate 7%
$441,229
Cap Rate 9%
$343,178
Alternative Uses
Best Use
Multifamily LT 5
$441.2K
$386.1K – $514.8K
NOI $30,886 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$406.4K
$355.6K – $474.2K
NOI $28,449 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$1.04M
$909.6K – $1.21M
NOI $72,766 @ 7.0% cap · market cap 10.25%
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
4,604
Businesses Nearby
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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 matching residences each provide two bedrooms, one bathroom, and access to a shared laundry area.
Where is this duplex located?
The property is located at 1028 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,540 square feet; built in 1977; Remodeled with laminate flooring and stainless steel appliances
