New Construction Duplex with Impact
For Sale
$1,150,000
Pending
1924 NW 27th St, Miami, FL 33142
MULTI_FAMILY - Miami, FL
Property Size2,899 SF
Days on Market31
Property Features for 1924 NW 27th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
5700
Bedrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 1, Bathroom 6, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 5, Bathroom 3, Bedroom 5
Parking
6
Subdivision
ROSEMONT PARK
Lot features
< 1/4 Acre
Standard status
Pending
APN
01-31-27-040-0280
Size
2,899 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ROSEMONT PARK PB 6-178 LOT 6 BLK 2 LOT SIZE 50.000 X 143 OR 20796-4506 11 2002 1 COC 25457-3148 03 2007 3
Tax Annual Amount
5182
Legal Description
ROSEMONT PARK PB 6-178 LOT 6 BLK 2 LOT SIZE 50.000 X 143 OR 20796-4506 11 2002 1 COC 25457-3148 03 2007 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Flooring type
Tile
Building materials
Block
Roof type
Flat
Listing Agency:
Rejoice Realty Group, Inc.
(305) 207-5777
Listed By:
Danny Crespo · License #3098053
(786) 300-9709
Added: Jul 18
Changed: Aug 5
Last Checked: Aug 17 at 6:06AM
MLS# A12025128
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
New construction duplex under construction, delivered as a two-story block building with tile flooring, flat roof, central heating, and central air. The design includes open-concept living spaces and impact windows and doors. Each side is laid out with three bedrooms and three bathrooms, with modern kitchens described with granite countertops and stainless steel appliances, plus walk-in closet space in the bedrooms.
The property is connected to city sewer and uses public water, with no septic tank indicated. Utilities include cable availability, and the listing notes there is no HOA. Public remarks also reference plans for a pool and gazebo for both units that are in the final stages of the approval process.
Built in 2026 and sized at 2,899 square feet, the duplex is positioned in the heart of Miami with convenient access described to major highways, Downtown Miami, Wynwood, Midtown, and Miami International Airport.
The property is connected to city sewer and uses public water, with no septic tank indicated. Utilities include cable availability, and the listing notes there is no HOA. Public remarks also reference plans for a pool and gazebo for both units that are in the final stages of the approval process.
Built in 2026 and sized at 2,899 square feet, the duplex is positioned in the heart of Miami with convenient access described to major highways, Downtown Miami, Wynwood, Midtown, and Miami International Airport.
Key Highlights
- Under‑construction two‑story duplex building
- 3 bedrooms and 3 bathrooms on each side
- Impact windows and doors
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
$58,141
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
5.06%
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%
$1,162,820
$1.2M
Cap Rate 7%
$830,586
$830.6K
Cap Rate 9%
$646,011
$646.0K
Market Conditions
NOI Build-Up for 2,899 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
$88.7K $30.60/SF
− Vacancy
−$5.7K −$1.95/SF
EGI
$83.1K $28.65/SF
− OpEx
−$24.9K −$8.60/SF
NOI
$58.1K $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%
$1,162,820
Cap Rate 7%
$830,586
Cap Rate 9%
$646,011
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,567
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 - Under-construction two-story duplex with city sewer and public water, designed for three bedrooms and three bathrooms per side.
Where is this duplex located?
The property is located at 1924 NW 27th St 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: Under‑construction two‑story duplex building; 3 bedrooms and 3 bathrooms on each side; Impact windows and doors
