Triplex with Separate
For Sale
$625,000
27 Southwest 55th Avenue Road, Miami, FL 33134
Three rental units include 3-bed/1-bath, attached studio, and detached 1-bed/1-bath on a fenced, separate-entrance lot.
Property Size1,636 SF
Price / SF$382.03
Days on Market175
Property Features for 27 Southwest 55th Avenue Road
General Information
Standard status
Active
Size
1,636 SF
Property subtype
Multi-Family Income / Triplex
Additional Details
Fenced Yard
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,311
Building Details
Year Built
1926
Listing Agency:
Global Investments Realty
(305) 635-3005
Listed By:
Michael McCourt · License #3627878
(305) 635-3005
Source:
Compass
Added: Feb 18
Changed: Aug 8
Last Checked: Jul 22 at 12:07AM
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 Global Investments Realty
Investment Insights
Based on property information with market context.
This triplex is configured as three distinct rental streams: a spacious 3-bed/1-bath primary residence, a modern attached studio, and a fully detached 1-bed/1-bath cottage. Each unit is described as having bright, open living spaces with natural light. The property also features a fully fenced lot with separate entrances for each resident and expansive parking.
The roof is approximately 12 years old, and recent shower updates are noted throughout all units. The rear studio has been gutted and remodeled with brand-new flooring and contemporary finishes. The current gross income is stated as $6,000 per month.
Located just off West Flagler at 27 Southwest 55th Avenue Road in Miami, the property is presented as a turnkey income opportunity for an investor seeking immediate cash flow.
The roof is approximately 12 years old, and recent shower updates are noted throughout all units. The rear studio has been gutted and remodeled with brand-new flooring and contemporary finishes. The current gross income is stated as $6,000 per month.
Located just off West Flagler at 27 Southwest 55th Avenue Road in Miami, the property is presented as a turnkey income opportunity for an investor seeking immediate cash flow.
Key Highlights
- 1926‑built legal duplex with 3 rental units: 3 bed/1 bath, an attached studio, and a detached 1 bed/1 bath
- Gross income listed at $6,000 per month, with the property set up for three distinct rental streams
- Roof is approximately 12 years old
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
$32,811
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
5.25%
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%
$656,220
$656.2K
Cap Rate 7%
$468,729
$468.7K
Cap Rate 9%
$364,567
$364.6K
Market Conditions
NOI Build-Up for 1,636 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
$50.1K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$46.9K $28.65/SF
− OpEx
−$14.1K −$8.60/SF
NOI
$32.8K $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%
$656,220
Cap Rate 7%
$468,729
Cap Rate 9%
$364,567
Alternative Uses
Best Use
Multifamily LT 5
$468.7K
$410.1K – $546.9K
NOI $32,811 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$431.7K
$377.8K – $503.7K
NOI $30,222 @ 7.0% cap · market cap 4.84%
Theoretical Best
Specialty Retail
$1.10M
$966.3K – $1.29M
NOI $77,302 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
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?
Triplex - Three rental units include 3-bed/1-bath, attached studio, and detached 1-bed/1-bath on a fenced, separate-entrance lot.
Where is this triplex located?
The property is located at 27 Southwest 55th Avenue Road Miami, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1926‑built legal duplex with 3 rental units: 3 bed/1 bath, an attached studio, and a detached 1 bed/1 bath; Gross income listed at $6,000 per month, with the property set up for three distinct rental streams; Roof is approximately 12 years old
