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New Construction Miami Duplex

1924 Northwest 27th Street Miami, FL 33142

1924 Northwest 27th Street, Miami, FL, 33142
$1,150,000
For Sale
Claim this Listing
$1,150,000

Modern duplex with income potential in a growing Miami area.

Property Size2,899 SF
Price / SF$396.69
AddedApr 25
Days on Market83
Last RefreshJul 15 at 3:44 pm

Property Features for 1924 Northwest 27th Street

General Information

Standard status
Active
Size
2,899 SF
Property subtype
Multi-Family Income / Duplex

Building Details

Year Built
2026

Listing office Rejoice Realty Group, Inc.

Listing date Apr 25, 2026

Source Compass

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 Rejoice Realty Group, Inc.


Investment Insights

Based on property information with market context.

This new construction duplex is located in Miami. The two-story building features a modern design with 3 bedrooms and 3 bathrooms on each side. The units are designed with open-concept living spaces, contemporary finishes, and natural light. Impact windows and doors are included. The kitchens feature granite countertops and stainless steel appliances. Each bedroom includes a walk-in closet. The property is suitable for investors or owner-occupants seeking rental income. It is located near major highways, Downtown Miami, Wynwood, Midtown, and the Miami Airport. A pool and gazebo for both units are in the final stage of city plan approval. The property has no HOA and is connected to the city sewer system.

Key Highlights

  • New construction duplex in Miami offers high rental income potential
  • Each unit features 3 bedrooms and 3 bathrooms with walk‑in closets
  • Modern design with open‑concept living, granite countertops, and stainless steel appliances

Local 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 $88.7k $30.60
− Vacancy −$5.7k −$1.95
EGI $83.1k $28.65
− OpEx −$24.9k −$8.60
NOI $58.1k $20.06
2,899 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$830.6K
$726.8K – $969.0K (±1% cap)
NOI $58,141 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$765.1K
$669.4K – $892.6K (±1% cap)
NOI $53,554 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$1.96M
$1.71M – $2.28M (±1% cap)
NOI $136,979 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Skin Care Clinic Carpet & Flooring Store Pet Grooming Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Acupuncture Tanning Salon Restaurant

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Modern duplex with income potential in a growing Miami area.
Where is this duplex located?
The property is located at 1924 Northwest 27th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: New construction duplex in Miami offers high rental income potential; Each unit features 3 bedrooms and 3 bathrooms with walk‑in closets; Modern design with open‑concept living, granite countertops, and stainless steel appliances
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