Fourplex Apartment
For Sale
$1,300,000
27 NE 60th Ter, Miami, FL 33137
Residential Income, Miami, FL
Property Size2,804 SF
Price / SF$463.62
Days on Market47
Property Features for 27 NE 60th Ter
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
5700
Bedrooms
9
Full bathrooms
4
Rooms
Bedroom 8, Bathroom 2, Bedroom 7, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 9, Bathroom 4, Bedroom 2
Parking
8
Subdivision
ROCKMOOR PLACE
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
01-31-13-049-0233
Size
2,804 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ROCKMOOR PLACE PB 4-180 LOT 10 BLK 3 LOT SIZE 50.000 X 90 OR 20972-1185 01 2003 1 COC 25843-4753 05 2006 4
Tax Annual Amount
14575
Legal Description
ROCKMOOR PLACE PB 4-180 LOT 10 BLK 3 LOT SIZE 50.000 X 90 OR 20972-1185 01 2003 1 COC 25843-4753 05 2006 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s), Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1929
Floors in Building
2
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Flat
Architectural style
Other
Listing Agency:
Canvas Real Estate
(754) 704-4242
Listed By:
Niky Nammur · License #3493037
(786) 201-9728
Added: Aug 29
Changed: Oct 14
Last Checked: Oct 14 at 7:06AM
MLS# A12079952
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.
This four-unit residential property offers 2,804 square feet with nine bedrooms and four bathrooms. Built in 1929, the building has concrete-block construction, tile flooring, and a flat roof. Cooling is provided by ceiling fans and window or wall units.
The property is served by public sewer, and cable is available.
The property is served by public sewer, and cable is available.
Key Highlights
- Four‑unit residential property with 2,804 square feet
- Nine bedrooms and four bathrooms
- Built in 1929
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,236
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,720
$1.1M
Cap Rate 7%
$803,371
$803.4K
Cap Rate 9%
$624,844
$624.8K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$85.8K $30.60/SF
− Vacancy
−$5.5K −$1.95/SF
EGI
$80.3K $28.65/SF
− OpEx
−$24.1K −$8.60/SF
NOI
$56.2K $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 Rate 5%
$1,124,720
Cap Rate 7%
$803,371
Cap Rate 9%
$624,844
Alternative Uses
Best Use
Multifamily LT 5
$803.4K
$703.0K – $937.3K
NOI $56,236 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$740.0K
$647.5K – $863.3K
NOI $51,799 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,490 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,354
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - The residential configuration includes multiple bedrooms and bathrooms across four units.
Where is this quadplex located?
The property is located at 27 NE 60th Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit residential property with 2,804 square feet; Nine bedrooms and four bathrooms; Built in 1929
