Triplex with Detached
215 NE 27th St, Miami, FL 33137
For Sale
Contact for pricing
Three separately entered residences offer private outdoor areas, in-unit laundry in the main building, and separately metered utilities.
Property Size2,159 SF
Price / SF$3.47
Days on Market25
Property Features for 215 NE 27th St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
private entrances
outdoor space
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Benjamin Kunzle · License FL #3634365
(754) 204-8236
Source:
Batrare
Added: Oct 17
Changed: Nov 10
Last Checked: Nov 10 at 2:17PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This triplex comprises two residences in the main building and a detached one-bedroom cottage, totaling 2,159 square feet. The main building includes a 1,075-square-foot, three-bedroom, two-bath unit and an 820-square-foot, two-bedroom, one-bath unit. Both have updated kitchens and baths plus in-unit laundry. The 264-square-foot cottage has separate laundry access. Each residence has its own entrance and outdoor space, and electric and water are separately metered. The property was built in 1923.
Zoned T6-36A-O, the property permits lodging by zoning. On-site parking is available, with additional street parking. Furnished short- and mid-term use is identified for the property; any required licenses, permits, and approvals must be obtained and verified by the tenant.
Zoned T6-36A-O, the property permits lodging by zoning. On-site parking is available, with additional street parking. Furnished short- and mid-term use is identified for the property; any required licenses, permits, and approvals must be obtained and verified by the tenant.
Key Highlights
- Three units: 1,075‑square‑foot three‑bedroom, two‑bath residence; 820‑square‑foot two‑bedroom, one‑bath residence; and 264‑square‑foot one‑bedroom cottage
- Main‑building residences have updated kitchens and baths, with in‑unit laundry
- Detached cottage has separate laundry access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,884
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,680
$797.7K
Cap Rate 7%
$569,771
$569.8K
Cap Rate 9%
$443,156
$443.2K
Market Conditions
NOI Build-Up for 2,159 SF
Gross rent
$77.7K $36.00/SF
− Vacancy
−$5.2K −$2.41/SF
EGI
$72.5K $33.59/SF
− OpEx
−$32.6K −$15.11/SF
NOI
$39.9K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,680
Cap Rate 7%
$569,771
Cap Rate 9%
$443,156
Alternative Uses
Best Use
Multifamily LT 5
$618.6K
$541.3K – $721.7K
NOI $43,300 @ 7.0% cap
Second Best
Apartment 5plus
$569.8K
$498.6K – $664.7K
NOI $39,884 @ 7.0% cap
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,014 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,352
Businesses Nearby
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Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Miami, FL
Properties on Market for Triplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately entered residences offer private outdoor areas, in-unit laundry in the main building, and separately metered utilities.
Where is this triplex located?
The property is located at 215 NE 27th St Miami, FL.
What are key features of this property?
This property features: Three units: 1,075‑square‑foot three‑bedroom, two‑bath residence; 820‑square‑foot two‑bedroom, one‑bath residence; and 264‑square‑foot one‑bedroom cottage; Main‑building residences have updated kitchens and baths, with in‑unit laundry; Detached cottage has separate laundry access
