Duplex with Central
For Sale
$649,000
2735 NW 27th St, Miami, FL 33142
Residential Income, Miami, FL
Property Size2,270 SF
Price / SF$285.90
Days on Market50
Property Features for 2735 NW 27th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5100
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3
Parking
4
Subdivision
RADIO PK AMD
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-28-002-0200
Size
2,270 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
RADIO PARK AMD PB 22-75 LOT 26 BLK 1 LOT SIZE 45.000 X 140 OR 20949-1494 01 2003 4 COC 21625-2091 08 2003 1
Tax Annual Amount
1416
Legal Description
RADIO PARK AMD PB 22-75 LOT 26 BLK 1 LOT SIZE 45.000 X 140 OR 20949-1494 01 2003 4 COC 21625-2091 08 2003 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Amenities
central A/C
in-unit washer and dryer
on-site parking
Building Details
Year built
1976
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Howard Chase Real Estate, LLC
(305) 532-7470
Listed By:
Catalina Tirado · License #3230954
(305) 342-4987
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 7 at 3:06PM
MLS# A12056611
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 2,270-square-foot duplex, built in 1976 with block construction, contains two residential units. Each unit provides more than 1,200 SF, two bedrooms, two full bathrooms, central air conditioning, in-unit washer and dryer, and tile flooring. Updated interiors, a shingle roof, and on-site parking are also included.
The property has separate electric meters for the units, while water is supplied through one owner-paid meter. Public sewer service is available, along with cable service. The property is located in Miami, Miami-Dade County, Florida.
The property has separate electric meters for the units, while water is supplied through one owner-paid meter. Public sewer service is available, along with cable service. The property is located in Miami, Miami-Dade County, Florida.
Key Highlights
- 2,270‑square‑foot duplex built in 1976
- Two units, each with more than 1,200 SF, 2 bedrooms, and 2 full bathrooms
- Central A/C and in‑unit washer and dryer in each unit
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
$45,526
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
7.01%
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%
$910,520
$910.5K
Cap Rate 7%
$650,371
$650.4K
Cap Rate 9%
$505,844
$505.8K
Market Conditions
NOI Build-Up for 2,270 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
$69.5K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$65.0K $28.65/SF
− OpEx
−$19.5K −$8.60/SF
NOI
$45.5K $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%
$910,520
Cap Rate 7%
$650,371
Cap Rate 9%
$505,844
Alternative Uses
Best Use
Multifamily LT 5
$650.4K
$569.1K – $758.8K
NOI $45,526 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$599.1K
$524.2K – $698.9K
NOI $41,935 @ 7.0% cap · market cap 6.46%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,259 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,314
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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 - Two residential units feature updated interiors, private laundry, tile flooring, and on-site parking.
Where is this duplex located?
The property is located at 2735 NW 27th St Miami, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,270‑square‑foot duplex built in 1976; Two units, each with more than 1,200 SF, 2 bedrooms, and 2 full bathrooms; Central A/C and in‑unit washer and dryer in each unit
