Duplex with Gated
For Sale
$575,000
255 NW 27TH Court, Miami, FL 33125
Residential Income, Miami, FL
Property Size2,092 SF
Lot Size0.11 Acres
Price / SF$274.86
Days on Market10
Property Features for 255 NW 27TH Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
3901
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3
Window features
Blinds
Patio and Porch features
Porch, Patio
Pets allowed
Yes, Dogs OK, Cats OK
Exterior features
Courtyard
Fencing
Fenced
Subdivision
GROSSE POINTE HIGHLANDS
Lot features
Sidewalks
Elementary school
Kensington Park
Middle school
Citrus Grove
High school
Miami
Directions
East side of 27th court between 2nd and 3rd st.
Standard status
Active
APN
0141040640020
Size
2,092 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NURY PB 125-47 LOT 2 BLK 1 LOT SIZE 5000 SQ FT OR 20279-3773 02 2002 1 COC 22537-0700 07 2004 1
Tax Annual Amount
8606
Legal Description
NURY PB 125-47 LOT 2 BLK 1 LOT SIZE 5000 SQ FT OR 20279-3773 02 2002 1 COC 22537-0700 07 2004 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Central Air, Ceiling Fan(s), Window Unit(s)
Water source
Public
Amenities
gated yard
Building Details
Year built
1959
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Ernesto Vazquez · License #3185963
(305) 495-3198
Added: Aug 19
Changed: Aug 26
Last Checked: Aug 28 at 6:06PM
MLS# B26067195
Copyright © 2026 BeachesMLS. 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.
This 2,092-square-foot duplex was built in 1959 and offers four bedrooms and four bathrooms. The property includes a gated yard, fenced grounds, paved driveway, courtyard, porch, and patio, with parking for six cars. Block and stucco construction, wood and tile flooring, shingle roofing, public water, and public sewer are also in place. Cooling includes central air, wall/window units, ceiling fans, and window units; heating is electric.
The property is located at 255 NW 27TH Court in Miami, near main highways, shopping, restaurants, Marlins Park, Downtown Miami, and the Design Wynwood District. The beach and airport/seaport are approximately 15–20 minutes away. The property is being sold as-is, and cosmetic interior repairs are needed.
The property is located at 255 NW 27TH Court in Miami, near main highways, shopping, restaurants, Marlins Park, Downtown Miami, and the Design Wynwood District. The beach and airport/seaport are approximately 15–20 minutes away. The property is being sold as-is, and cosmetic interior repairs are needed.
Key Highlights
- 2,092 square feet with four bedrooms and four bathrooms
- Duplex on a 0.11‑acre lot, built in 1959
- Gated yard, fenced grounds, courtyard, porch, and patio
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
$41,956
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
7.30%
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%
$839,120
$839.1K
Cap Rate 7%
$599,371
$599.4K
Cap Rate 9%
$466,178
$466.2K
Market Conditions
NOI Build-Up for 2,092 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
$64.0K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$59.9K $28.65/SF
− OpEx
−$18.0K −$8.60/SF
NOI
$42.0K $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%
$839,120
Cap Rate 7%
$599,371
Cap Rate 9%
$466,178
Alternative Uses
Best Use
Multifamily LT 5
$599.4K
$524.5K – $699.3K
NOI $41,956 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$552.1K
$483.1K – $644.1K
NOI $38,646 @ 7.0% cap · market cap 6.72%
Theoretical Best
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,848 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,910
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom, four-bath duplex with paved parking, public utilities, and a fenced outdoor area.
Where is this duplex located?
The property is located at 255 NW 27TH Court Miami, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,092 square feet with four bedrooms and four bathrooms; Duplex on a 0.11‑acre lot, built in 1959; Gated yard, fenced grounds, courtyard, porch, and patio
