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Turnkey Triplex Income Property

2275 SW 15th St Miami, FL 33145

2275 SW 15th St, Miami, FL, 33145
$1,100,000
Pending
For Sale
Claim this Listing
$1,100,000
Pending

MULTI_FAMILY - Miami, FL

Property Size2,511 SF
AddedJun 8
Days on Market39
Last RefreshJul 16 at 9:06 am

Property Features for 2275 SW 15th St

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking
6
Standard status
Pending
APN
01-41-10-002-0180
Size
2,511 SF

Taxes and HOA fees

Tax Year
2026
Tax Description
GRAPELAND SUB REV PB 3-196 LOT 19 LESS S5FT BLK 1 LOT SIZE 50.000 X 147
Tax Annual Amount
15488

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air

Building Details

Year built
1973
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Brick, Block
Roof type
Shingle

Listing agent Kendall Stephens License #3619179

Listing office Julies Realty, LLC 1700 Kennedy Causeway, North Bay Village, FL

Listing date Jun 8, 2026

MLS# A12020709 Listing URL

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 turnkey triplex offers three fully independent residential units with private entrances, full kitchens, and separate living spaces. The configuration includes a 2-bedroom/2-bath unit, a 2-bedroom/1-bath unit, and a 1-bedroom/1-bath unit, totaling five bedrooms and four full bathrooms across the property. Parking is provided with six total spots, allocated as two per unit.

The property is located in Miami, within the 33145 area, with the seller noting approximately 10-minute drive access to Brickell, Coral Gables, and Coconut Grove. Zoning is listed as T3-O. The two larger units are currently tenant occupied with leases in place, while the third unit is available for immediate lease-up or owner occupancy.

Recent capital improvements include HVAC ductwork, fresh exterior paint, updated appliances, and modern finishes throughout. The combination of independently accessible units and current in-place leasing on two units may support investors seeking an income-producing structure, or owner-occupants looking for the option to occupy one unit while generating rental income from the others. Buyer is advised to independently verify zoning, permits, legal use, occupancy, and any future intended use.

Key Highlights

  • Triplex built in 1973 with brick/block construction and ceramic tile flooring throughout.
  • 5 bedrooms and 4 full bathrooms across three fully independent units (2/2 + 2/1 + 1/1), each with private entrance, full kitchen, and separate living space.
  • Central heating and central air; roof is shingle; sewer connected to public sewer.

Local 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 $76.8k $30.60
− Vacancy −$4.9k −$1.95
EGI $71.9k $28.65
− OpEx −$21.6k −$8.60
NOI $50.4k $20.06
2,511 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$719.4K
$629.5K – $839.3K (±1% cap)
NOI $50,359 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$662.7K
$579.8K – $773.1K (±1% cap)
NOI $46,387 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.98M (±1% cap)
NOI $118,646 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Parking Lot & Garage Carpet & Flooring Store (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Restaurant Restaurant Arcade & Gaming Center Catering Service Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Triplex with three fully independent units, private entrances, full kitchens, and six parking spaces in Miami’s T3-O zone.
Where is this triplex located?
The property is located at 2275 SW 15th St Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Triplex built in 1973 with brick/block construction and ceramic tile flooring throughout.; 5 bedrooms and 4 full bathrooms across three fully independent units (2/2 + 2/1 + 1/1), each with private entrance, full kitchen, and separate living space.; Central heating and central air; roof is shingle; sewer connected to public sewer.
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