Turnkey Duplex
New
For Sale
$620,000
1400 NW 55th Street, Miami, FL 33142
Fully occupied duplex with separately metered electricity, offering rental continuity with long-term tenants in Miami.
Property Size1,120 SF
Price / SF$553.57
Days on Market6
Property Features for 1400 NW 55th Street
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Duplex
Occupancy
100%
Building Details
Year Built
1953
Tenancy
Multi
Listing Agency:
United Realty Group Inc
(954) 480-3555
Listed By:
Jibelsa Rachel Unzalu · License #3176578
(954) 480-3555
Source:
Lehmannflorida
Added: Jul 26
Changed: Jul 29
Last Checked: Jul 31 at 5:17AM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This turnkey duplex is offered as a ready-to-operate residential income property. The duplex is fully occupied by long-term tenants who want to remain, supporting immediate rental income from closing. Each unit is separately metered for electricity, which can simplify ongoing expense management and property operations.
Built in 1953, the property totals 1,120 SF and is located at 1400 NW 55th Street in Miami, FL 33142. The property is positioned in a centrally located, growing area with access to major highways and convenient proximity to Miami International Airport, Downtown Miami, beaches, shopping, dining, and entertainment.
For buyers seeking a duplex structured for straightforward management—two separately metered units with established occupancy—this offering provides an operational setup intended to support stable performance from day one.
Built in 1953, the property totals 1,120 SF and is located at 1400 NW 55th Street in Miami, FL 33142. The property is positioned in a centrally located, growing area with access to major highways and convenient proximity to Miami International Airport, Downtown Miami, beaches, shopping, dining, and entertainment.
For buyers seeking a duplex structured for straightforward management—two separately metered units with established occupancy—this offering provides an operational setup intended to support stable performance from day one.
Key Highlights
- Fully occupied duplex with long‑term tenants who would like to remain
- Each unit separately metered for electricity
- 1,120 SF duplex built in 1953
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.3k | $30.60 |
| − Vacancy | −$2.2k | −$1.95 |
| EGI | $32.1k | $28.65 |
| − OpEx | −$9.6k | −$8.60 |
| NOI | $22.5k | $20.06 |
1,120 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,462 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$295.6K
$258.6K – $344.8K
NOI $20,690 @ 7.0% cap · market cap 3.34%
Theoretical Best
Specialty Retail
$756.0K
$661.5K – $882.0K
NOI $52,921 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
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 - Fully occupied duplex with separately metered electricity, offering rental continuity with long-term tenants in Miami.
Where is this duplex located?
The property is located at 1400 NW 55th Street Miami, FL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Fully occupied duplex with long‑term tenants who would like to remain; Each unit separately metered for electricity; 1,120 SF duplex built in 1953
