Remodeled Duplex with Impact
For Sale
$710,000
1028 NW 24th St, Miami, FL 33127
Residential Income, Miami, FL
Property Size1,540 SF
Price / SF$461.04
Days on Market47
Property Features for 1028 NW 24th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Parking
4
Subdivision
LINCOLN PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-26-052-0260
Size
1,540 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LINCOLN PARK PB 6-163 LOT 11 BLK 3 LOT SIZE 40.000 X 85 OR 13340-1875 0687 1
Tax Annual Amount
5933
Legal Description
LINCOLN PARK PB 6-163 LOT 11 BLK 3 LOT SIZE 40.000 X 85 OR 13340-1875 0687 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared laundry area
Building Details
Year built
1977
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
CBS (Concrete Block Structure), Block
Roof type
Flat
Listing Agency:
La Rosa Realty LLC
(321) 939-3748
Listed By:
Carina Burguete · License #3468930
(305) 898-6829
Added: Sep 9
Changed: Oct 18
Last Checked: Oct 25 at 6:06AM
MLS# A12085953
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.
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Investment Insights
Based on property information with market context.
This 1,540-square-foot duplex contains two units, each configured with two bedrooms and one bathroom. The 1977 building has concrete block construction, central heating and air conditioning, and a flat roof. Interior features include laminate and tile flooring, impact-rated windows and doors, and stainless steel appliances.
The units share a laundry area. Public water and sewer serve the property.
The units share a laundry area. Public water and sewer serve the property.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,540 square feet; built in 1977
- Impact windows and doors, stainless steel appliances, and laminate flooring
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 separate residences each offer a two-bedroom, one-bathroom layout.
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; Impact windows and doors, stainless steel appliances, and laminate flooring
