Duplex with Individual
For Sale
$899,000
5906-08 SW 27th St, West Park, FL 33023
Residential Income, West Park, FL
Property Size2,503 SF
Price / SF$359.17
Days on Market51
Property Features for 5906-08 SW 27th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
TOC
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1
Parking
2
Subdivision
MIAMI GARDENS ESTATES
Lot features
1/4 to 1/2 Acre Lot, Sprinklers Automatic
Directions
USE GPS.
Standard status
Active
APN
514125021550
Size
2,503 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
MIAMI GARDENS ESTATES 22-2 B LOT 11 BLK 6, LESS E 37.50 AS MEASURED ALG N/S LINES THEREOF
Tax Annual Amount
16258
Legal Description
MIAMI GARDENS ESTATES 22-2 B LOT 11 BLK 6, LESS E 37.50 AS MEASURED ALG N/S LINES THEREOF
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
high impact windows and doors
porcelain flooring
quartz kitchen counter tops
in-unit laundry
yard space
Building Details
Year built
2022
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Suresh Chiatar · License #0683629
(954) 294-4539
Added: Aug 13
Changed: Sep 14
Last Checked: Oct 2 at 10:06PM
MLS# A12069460
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.
Built in 2022, this 2503 SF block duplex contains two residential units, each with its own garage, laundry area, electric meter, and water meter. Interior features include porcelain flooring and quartz kitchen countertops, while high-impact windows and doors provide durable exterior components. Central air conditioning, central heating, ceiling fans, public water, and public sewer serve the property.
The asset comprises two folios, with a separate address assigned to each parcel. Its West Park location offers convenient access to 441, I-95, and the FL TPKE. The property also includes yard space and cable availability.
The asset comprises two folios, with a separate address assigned to each parcel. Its West Park location offers convenient access to 441, I-95, and the FL TPKE. The property also includes yard space and cable availability.
Key Highlights
- 2503 SF duplex built in 2022
- Two folios, each with its own address
- Each unit includes a garage and private laundry area
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
$41,725
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
4.64%
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%
$834,500
$834.5K
Cap Rate 7%
$596,071
$596.1K
Cap Rate 9%
$463,611
$463.6K
Market Conditions
NOI Build-Up for 2,503 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
$63.1K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.6K $23.81/SF
− OpEx
−$17.9K −$7.14/SF
NOI
$41.7K $16.67/SF
Area
Broward 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 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%
$834,500
Cap Rate 7%
$596,071
Cap Rate 9%
$463,611
Alternative Uses
Best Use
Multifamily LT 5
$596.1K
$521.6K – $695.4K
NOI $41,725 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$549.9K
$481.2K – $641.6K
NOI $38,494 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,891 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,898
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
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
What type of property is this?
Duplex - Updated two-unit property with separate utilities, private laundry, and durable interior finishes.
Where is this duplex located?
The property is located at 5906-08 SW 27th St West Park, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2503 SF duplex built in 2022; Two folios, each with its own address; Each unit includes a garage and private laundry area
