New
For Sale
$1,175,000
555 NE 127th St, North Miami, FL 33161
Residential Income, North Miami, FL
Property Size2,018 SF
Price / SF$582.26
Days on Market1
Property Features for 555 NE 127th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
0700
Parking
2
Subdivision
GRIFFING BISCAYNE PK EST
Lot features
< 1/4 Acre
Standard status
Active
APN
00-00-00-000-0300
Size
2,018 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
GRIFFING BISCAYNE PK EST PB 5-104 LOT 32 BLK 2 LOT SIZE 75.000 X 229 OR 21316-4081 04 2003 4
Tax Annual Amount
13988
Legal Description
GRIFFING BISCAYNE PK EST PB 5-104 LOT 32 BLK 2 LOT SIZE 75.000 X 229 OR 21316-4081 04 2003 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1948
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Barrel
Architectural style
Other
Listing Agency:
Douglas Elliman
(305) 695-6300
Listed By:
Omar Garban · License #3046524
(305) 467-7556
Added: Oct 15
Last Checked: Oct 15 at 8:06AM
MLS# A11898183
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,640
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,800
$672.8K
Cap Rate 7%
$480,571
$480.6K
Cap Rate 9%
$373,778
$373.8K
Market Conditions
NOI Build-Up for 2,018 SF
Gross rent
$50.9K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$48.1K $23.81/SF
− OpEx
−$14.4K −$7.14/SF
NOI
$33.6K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,800
Cap Rate 7%
$480,571
Cap Rate 9%
$373,778
Alternative Uses
Best Use
Multifamily LT 5
$480.6K
$420.5K – $560.7K
NOI $33,640 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$443.4K
$387.9K – $517.3K
NOI $31,035 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$1.02M
$895.8K – $1.19M
NOI $71,667 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,948
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 555 NE 127th St North Miami, FL.
What is the asking price?
The asking price for this property is $1,175,000.
