Duplex with In-Unit
New
For Sale
$425,000
6021 SW 36th Ct E & W, Miramar, FL 33023
Residential Income, Miramar, FL
Property Size1,699 SF
Price / SF$250.15
Days on Market3
Property Features for 6021 SW 36th Ct E & W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RM4
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking
4
Subdivision
SUN LAND PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
514125132034
Size
1,699 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SUN LAND PARK 25-30 B BEG AT NE COR LOT 9 BLK 6,WLY 120,SLY 115.6,ELY 5,NELY 162.79 TO POB BLK 6 LESS THAT PT OF SAID LOT DESC IN OR 5563/17
Tax Annual Amount
8467
Legal Description
SUN LAND PARK 25-30 B BEG AT NE COR LOT 9 BLK 6,WLY 120,SLY 115.6,ELY 5,NELY 162.79 TO POB BLK 6 LESS THAT PT OF SAID LOT DESC IN OR 5563/17
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer
large backyard
hurricane panels
Building Details
Year built
1974
Floors in Building
1
Flooring type
Tile
Building materials
Block, Frame, Stucco
Roof type
Shingle
Listing Agency:
Real Broker LLC
(954) 214-8263
Listed By:
Lance Randall · License #3360096
(305) 931-2224
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 12:06PM
MLS# A12094590
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 1,699-square-foot duplex in Miramar contains two residences, each with two bedrooms and one bathroom. Both units have kitchens equipped with a refrigerator, range and oven, microwave, and dishwasher, along with an in-unit washer and dryer. Separate electric meters serve each residence, and hurricane panels are included. The property was built in 1974 and has a large backyard.
Each unit is currently rented and has two assigned parking spaces. The property is a short distance from the Florida Turnpike, with Hard Rock Stadium, Gulfstream Park, shopping, dining, and entertainment described as nearby. Fort Lauderdale-Hollywood and Miami International Airports are also cited as accessible destinations.
Each unit is currently rented and has two assigned parking spaces. The property is a short distance from the Florida Turnpike, with Hard Rock Stadium, Gulfstream Park, shopping, dining, and entertainment described as nearby. Fort Lauderdale-Hollywood and Miami International Airports are also cited as accessible destinations.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,699 square feet; built in 1974
- Both units are rented and have separate electric meters
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
$19,947
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
4.69%
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%
$398,940
$398.9K
Cap Rate 7%
$284,957
$285.0K
Cap Rate 9%
$221,633
$221.6K
Market Conditions
NOI Build-Up for 1,699 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
$29.4K $17.28/SF
− Vacancy
−$863 −$0.51/SF
EGI
$28.5K $16.77/SF
− OpEx
−$8.5K −$5.03/SF
NOI
$19.9K $11.74/SF
Area
Miramar, FL
Vacancy
2.94%
Lease Rate
$17.28 /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%
$398,940
Cap Rate 7%
$284,957
Cap Rate 9%
$221,633
Alternative Uses
Best Use
Multifamily LT 5
$285.0K
$249.3K – $332.5K
NOI $19,947 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$249.9K
$218.7K – $291.6K
NOI $17,494 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$790.7K
$691.8K – $922.5K
NOI $55,347 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,401
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two rented residences pair separate electric meters with assigned parking and private outdoor space.
Where is this duplex located?
The property is located at 6021 SW 36th Ct E & W Miramar, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,699 square feet; built in 1974; Both units are rented and have separate electric meters
