Triplex with Updated
For Sale
$1,400,000
2530 Southwest 27th Street, Miami, FL 33133
Two-bedroom units and an efficiency create a flexible multi-unit residential layout.
Property Size1,957 SF
Price / SF$715.38
Days on Market369
Property Features for 2530 Southwest 27th Street
General Information
Standard status
Active
Size
1,957 SF
Property subtype
Multi-Family Income / Triplex
Zoning
T4-R
Units
Unit Mix
2 x 2BR/1.5BA, 1 x studio
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,356
Amenities
laundry
Building Details
Year Built
1946
Listing Agency:
Re/Max Realty 1
(305) 822-8216
Listed By:
Jose Suazo · License #3261742
(305) 822-8216
Source:
Compass
Added: Aug 27, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:56PM
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 Re/Max Realty 1
Investment Insights
Based on property information with market context.
This 1,957-square-foot triplex, built in 1946, includes two 2-bedroom, 1.5-bath units along with a studio/efficiency. Interior improvements include laminate flooring, updated kitchens with quartz countertops, and updated baths. Laundry facilities are included, with parking available at both the front and rear of the property.
The property is located at 2530 Southwest 27th Street in Miami’s Silver Bluff area, near The Underline, Coconut Grove, Coral Gables, and Brickell. T4-R zoning provides the stated land-use designation for the site.
The property is located at 2530 Southwest 27th Street in Miami’s Silver Bluff area, near The Underline, Coconut Grove, Coral Gables, and Brickell. T4-R zoning provides the stated land-use designation for the site.
Key Highlights
- Triplex includes two 2‑bedroom, 1.5‑bath units plus a studio/efficiency
- 1,957 square feet on a property built in 1946
- T4‑R zoning
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
$39,249
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
2.80%
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%
$784,980
$785.0K
Cap Rate 7%
$560,700
$560.7K
Cap Rate 9%
$436,100
$436.1K
Market Conditions
NOI Build-Up for 1,957 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
$59.9K $30.60/SF
− Vacancy
−$3.8K −$1.95/SF
EGI
$56.1K $28.65/SF
− OpEx
−$16.8K −$8.60/SF
NOI
$39.2K $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%
$784,980
Cap Rate 7%
$560,700
Cap Rate 9%
$436,100
Alternative Uses
Best Use
Multifamily LT 5
$560.7K
$490.6K – $654.2K
NOI $39,249 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$516.5K
$451.9K – $602.5K
NOI $36,152 @ 7.0% cap · market cap 2.58%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,469 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,806
Businesses Nearby
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
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?
Triplex - Two-bedroom units and an efficiency create a flexible multi-unit residential layout.
Where is this triplex located?
The property is located at 2530 Southwest 27th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Triplex includes two 2‑bedroom, 1.5‑bath units plus a studio/efficiency; 1,957 square feet on a property built in 1946; T4‑R zoning
