Duplex on Multifamily-Zoned
New
For Sale
$559,000
1613-1615 NW 45th St, Miami, FL 33142
MULTI_FAMILY - Miami, FL
Property Size1,452 SF
Price / SF$384.99
Days on Market4
Property Features for 1613-1615 NW 45th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
Parking
8
Subdivision
N MIAMI ESTATES
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-23-037-0320
Size
1,452 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH MIAMI ESTATES PB 5-48 LOT 2 BLK 8 LOT SIZE 50.000 X 100 OR 20304-0075 02 2002 1
Tax Annual Amount
7062
Legal Description
NORTH MIAMI ESTATES PB 5-48 LOT 2 BLK 8 LOT SIZE 50.000 X 100 OR 20304-0075 02 2002 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1936
Floors in Building
2
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Landan Realty LLC
(305) 338-6436
Listed By:
Danay Puebla Llanos · License #3315105
(305) 338-6436
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 12:06PM
MLS# A12060349
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.
Duplex on a multifamily-zoned lot featuring block construction with a shingle roof. The property includes central heating and central air, with ceiling fans, and tile flooring. Utilities include cable available and public sewer. Built in 1936, the duplex sits on a site that the front portion may support additional construction, subject to zoning, setbacks, and City of Miami approvals.
The property is located in Allapattah, a designated Opportunity Zone, with convenient access to major highways. It is also described as being near hospitals, downtown Miami, Wynwood, and the Health District, as well as shopping.
Prospective buyers should verify development feasibility with the appropriate municipal authorities, including whether an additional duplex, triplex, or possibly a fourplex may be accommodated under current zoning and permitting requirements.
The property is located in Allapattah, a designated Opportunity Zone, with convenient access to major highways. It is also described as being near hospitals, downtown Miami, Wynwood, and the Health District, as well as shopping.
Prospective buyers should verify development feasibility with the appropriate municipal authorities, including whether an additional duplex, triplex, or possibly a fourplex may be accommodated under current zoning and permitting requirements.
Key Highlights
- 1452 SF duplex on a multifamily‑zoned lot with expansion potential subject to zoning, setbacks, and City approvals
- Built in 1936 with block construction and shingle roof
- Central heating and central air plus ceiling fans
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $30.60 |
| − Vacancy | −$2.8k | −$1.95 |
| EGI | $41.6k | $28.65 |
| − OpEx | −$12.5k | −$8.60 |
| NOI | $29.1k | $20.06 |
1,452 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.4K
NOI $29,121 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,823 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$980.1K
$857.6K – $1.14M
NOI $68,608 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,488
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 - Duplex on a multifamily-zoned lot with Central HVAC, public sewer, and future expansion potential subject to approvals.
Where is this duplex located?
The property is located at 1613-1615 NW 45th St Miami, FL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 1452 SF duplex on a multifamily‑zoned lot with expansion potential subject to zoning, setbacks, and City approvals; Built in 1936 with block construction and shingle roof; Central heating and central air plus ceiling fans
