New Construction Miami
1924 Northwest 27th Street Miami, FL 33142
For Sale
$1,150,000
Modern duplex with income potential in a growing Miami area.
Property Size2,899 SF
Price / SF$396.69
Days on Market91
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 Agency:
Rejoice Realty Group, Inc.
(305) 207-5777
Listed By:
Danny Crespo · License #3098053
(305) 207-5777
Source:
Compass
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 23 at 10:25AM
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
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
NOI $58,141 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$765.1K
$669.4K – $892.6K
NOI $53,554 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$1.96M
$1.71M – $2.28M
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
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
