Two-Unit
For Sale
$580,000
1827 NW 74th Ter, Miami, FL 33147
Both residences are currently occupied, supporting an operating multifamily configuration in Miami.
Property Size1,268 SF
Days on Market243
Property Features for 1827 NW 74th Ter
General Information
Standard status
Active
Size
1,268 SF
Property subtype
Duplex
Additional Details
Average Monthly Rent
$2,100
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,807
Building Details
Building Size
1,268 SF
Year Built
1949
Listing Agency:
LP Realty Group
Listed By:
Enolismel Padilla · License #3157928
(786) 814-9991
Source:
Marcelosteinmander
Added: Feb 24
Changed: Oct 24
Last Checked: Oct 24 at 11:04PM
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 LP Realty Group
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Investment Insights
Based on property information with market context.
This Miami duplex contains two residential units, each currently rented. The property was built in 1949 and is positioned as a multifamily asset with an established occupancy profile.
The property is located at 1827 Northwest 74th Terrace in Miami, Florida 33147. Major highways, shopping, dining, and schools are identified in the surrounding area, providing access to everyday services and transportation connections.
The property is located at 1827 Northwest 74th Terrace in Miami, Florida 33147. Major highways, shopping, dining, and schools are identified in the surrounding area, providing access to everyday services and transportation connections.
Key Highlights
- Two residential units within one duplex property
- Both units are currently rented
- Built in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,430
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,600
$508.6K
Cap Rate 7%
$363,286
$363.3K
Cap Rate 9%
$282,556
$282.6K
Market Conditions
NOI Build-Up for 1,268 SF
Gross rent
$38.8K $30.60/SF
− Vacancy
−$2.5K −$1.95/SF
EGI
$36.3K $28.65/SF
− OpEx
−$10.9K −$8.60/SF
NOI
$25.4K $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%
$508,600
Cap Rate 7%
$363,286
Cap Rate 9%
$282,556
Alternative Uses
Best Use
Multifamily LT 5
$363.3K
$317.9K – $423.8K
NOI $25,430 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$334.6K
$292.8K – $390.4K
NOI $23,424 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$855.9K
$748.9K – $998.6K
NOI $59,914 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are currently occupied, supporting an operating multifamily configuration in Miami.
Where is this duplex located?
The property is located at 1827 NW 74th Ter Miami, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two residential units within one duplex property; Both units are currently rented; Built in 1949
