Renovated Duplex with Carport
For Sale
Contact for pricing
1074 NW 27th St, Miami, FL 33127
Renovated duplex offers two residential units with impact windows, central A/C, and four carport parking spaces.
Property Size2,137 SF
Price / SF$372.63
Days on Market136
Property Features for 1074 NW 27th St
General Information
Standard status
Active
Size
2,137 SF
Total Parking Spaces
3
Property subtype
Multifamily
Zoning
5700
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
quartz counters
stainless appliances
tile throughout
master suite with walk-in closet
impact windows
central A/C
newer roof
2 electrical meters
fenced backyard
Building Details
Year Built
1981
Tenancy
Multi
Listing Agency:
Majestic Properties Lincoln Rd
Listed By:
Marisol Lusardi · License #3091757
Source:
Crexi
Added: Apr 27
Changed: Sep 2
Last Checked: Aug 26 at 2:37PM
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 Majestic Properties Lincoln Rd
Investment Insights
Based on property information with market context.
This renovated duplex features two separate residential units. Unit 1 is configured as a 3-bedroom, 2-bath home and is currently leased. Unit 2 offers a 2-bedroom, 1-bath layout and is fully renovated and available for a new tenant or an owner-occupant. Both units include quartz counters and stainless appliances, with tile flooring throughout; Unit 1 also features a master suite with a walk-in closet. The property is equipped with impact windows and central A/C, has a newer roof, and offers two electrical meters.
The duplex includes carport parking for four spaces and a fenced backyard. Annual leases are in place with 30-day vacate clauses. The property is located in Flood Zone X, indicating no flood insurance requirement.
With one unit leased and the other available, the layout supports live-in and lease-the-other scenarios for an owner-occupant. FHA eligibility is noted for owner-occupants.
The duplex includes carport parking for four spaces and a fenced backyard. Annual leases are in place with 30-day vacate clauses. The property is located in Flood Zone X, indicating no flood insurance requirement.
With one unit leased and the other available, the layout supports live-in and lease-the-other scenarios for an owner-occupant. FHA eligibility is noted for owner-occupants.
Key Highlights
- Renovated 1981 duplex in Allapattah with 2 residential units and central A/C.
- Unit 1: 3 bed, 2 bath leased at $3,500/mo with annual leases and 30‑day vacate clause.
- Unit 2: 2 bed, 1 bath fully renovated; available at $2,500/mo market rent (owner‑occupant or new tenant).
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
$42,859
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
5.38%
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%
$857,180
$857.2K
Cap Rate 7%
$612,271
$612.3K
Cap Rate 9%
$476,211
$476.2K
Market Conditions
NOI Build-Up for 2,137 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
$65.4K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.2K $28.65/SF
− OpEx
−$18.4K −$8.60/SF
NOI
$42.9K $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 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%
$857,180
Cap Rate 7%
$612,271
Cap Rate 9%
$476,211
Alternative Uses
Best Use
Multifamily LT 5
$612.3K
$535.7K – $714.3K
NOI $42,859 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$564.0K
$493.5K – $658.0K
NOI $39,478 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,974 @ 7.0% cap · market cap 12.68%
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
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,850
Businesses Nearby
Explore this area
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
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 - Renovated duplex offers two residential units with impact windows, central A/C, and four carport parking spaces.
Where is this duplex located?
The property is located at 1074 NW 27th St Miami, FL.
What is the asking price?
The asking price for this property is $796,300.
What are key features of this property?
This property features: Renovated 1981 duplex in Allapattah with 2 residential units and central A/C.; Unit 1: 3 bed, 2 bath leased at $3,500/mo with annual leases and 30‑day vacate clause.; Unit 2: 2 bed, 1 bath fully renovated; available at $2,500/mo market rent (owner‑occupant or new tenant).
