Turnkey Duplex
For Sale
$599,900
1400 NW 55th St, 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$535.63
Days on Market52
Property Features for 1400 NW 55th St
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Duplex
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$8,691
Building Details
Building Size
1,120 SF
Year Built
1953
Tenancy
Multi
Listing Agency:
United Realty Group Inc
Listed By:
Jibelsa Unzalu · License #3375589
(954) 480-3555
Source:
Casacollectiongroup
Added: Jul 26
Changed: Sep 12
Last Checked: Sep 14 at 8:58AM
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
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
$22,462
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
3.74%
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%
$449,240
$449.2K
Cap Rate 7%
$320,886
$320.9K
Cap Rate 9%
$249,578
$249.6K
Market Conditions
NOI Build-Up for 1,120 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
$34.3K $30.60/SF
− Vacancy
−$2.2K −$1.95/SF
EGI
$32.1K $28.65/SF
− OpEx
−$9.6K −$8.60/SF
NOI
$22.5K $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%
$449,240
Cap Rate 7%
$320,886
Cap Rate 9%
$249,578
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,462 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$295.6K
$258.6K – $344.8K
NOI $20,690 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$756.0K
$661.5K – $882.0K
NOI $52,921 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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 St Miami, FL.
What is the asking price?
The asking price for this property is $599,900.
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
