115 NW 56th Ave, Miami, FL 33126
- Added:
- May 10, 2026
- Days on Market:
- 54
- Last Refresh:
- Jul 2 at 5:06 pm
Property Features for 115 NW 56th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3
- Parking
- 10
- Standard status
- Active Under Contract
- APN
- 01-41-06-015-0570
- Size
- 1,629 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 6 54 41 WESTGATE PB 13-3 LOT 4 BLK 3 LOT SIZE 57.000 X 106 OR 15244-1974 1091 1 COC 26362-4629 05 2008 1
- Tax Annual Amount
- 10219
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
Building Details
- Year built
- 1947
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
Listing agent Marina Gutierrez-Alea License #3579595 (917) 687-2179
Listing office Avanti Way Realty LLC 8400 NW 33rd Street #104 Suite 104, Miami, FL (305) 229-1146
Listing date May 10, 2026
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.
HighLights
- Income‑producing duplex at 115 NW 56th Ave, Miami, FL 33126, currently generating approx. $5,500/month
- Central Miami location with quick access to SR‑836, I‑95, and the Palmetto Expressway
- Minutes to Miami International Airport, Downtown Miami, and Coral Gables
- Built in 1947 with block construction and a shingle roof
- Ceramic tile flooring with central heating and central air, plus wall/window unit cooling
- Connected to public sewer; cable available
Overview
The asset is located in central Miami, with convenient access to major roadways including SR-836, I-95, and the Palmetto Expressway. It is described as being minutes from Miami International Airport, Downtown Miami, and Coral Gables, and is positioned close to shopping, dining, schools, hospitals, employment hubs, and public transportation.
This duplex can be a practical fit for buyers seeking a residential income property with ongoing rental revenue. The two-unit structure may appeal to operators looking for multiple income streams within a single asset, supported by the property’s current stated monthly income and its location near everyday amenities and regional employment and transit access.
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 | $49.8k | $30.60 |
| − Vacancy | −$3.2k | −$1.95 |
| EGI | $46.7k | $28.65 |
| − OpEx | −$14.0k | −$8.60 |
| NOI | $32.7k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.286255
- Latitude
- 25.772071
