3-Unit Legal Triplex
1337 SW 15th St Miami, FL 33145
For Sale
Contact for pricing
Legal triplex built in 1926 with three separate electrical meters, impact glass, and city sewer.
Property Size2,736 SF
Lot Size0.17 Acres
Price / SF$546.42
Days on Market120
Property Features for 1337 SW 15th St
General Information
- Standard status
- Active
- Size
- 2,736 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1926
Listing Agency:
Compass Florida, LLC
(786) 301-5357
Listed By:
Nicole Murcia · License #3569679
Source:
Crexi
Added: Mar 27
Changed: Jul 22
Last Checked: Jul 23 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
Investment Insights
Based on property information with market context.
This legal 3-unit triplex compound was originally built in 1926 and has been thoughtfully updated while preserving its original character. The main house includes 3 bedrooms and 1 bathroom with original oak hardwood floors and impact glass, along with modern upgrades. At the rear, there is a duplex providing two independent 1-bedroom/1-bath apartments on the first and second floors, each with access to a private garden patio area and shared utility/laundry room features.
The property sits on a 7,500-square-foot lot with room to expand or add a pool. It has three separate electrical meters and one water connection, and it is served by city sewer. The public remarks also indicate the property is in a non-flood zone.
Centrally located, the compound is described as minutes from Brickell, Coconut Grove, and Wynwood, and within steps of Cuban Memorial Blvd and a scenic promenade park.
The property sits on a 7,500-square-foot lot with room to expand or add a pool. It has three separate electrical meters and one water connection, and it is served by city sewer. The public remarks also indicate the property is in a non-flood zone.
Centrally located, the compound is described as minutes from Brickell, Coconut Grove, and Wynwood, and within steps of Cuban Memorial Blvd and a scenic promenade park.
Key Highlights
- Legal 3‑unit triplex built in 1926 with three separate electrical meters and 1 water connection
- Main house features 3BD/1BA with original oak hardwood floors and impact glass plus modern upgrades
- Rear duplex has two independent 1BD/1BA units on the 1st and 2nd floors, each with private garden patio access
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 | $83.7k | $30.60 |
| − Vacancy | −$5.3k | −$1.95 |
| EGI | $78.4k | $28.65 |
| − OpEx | −$23.5k | −$8.60 |
| NOI | $54.9k | $20.06 |
2,736 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$783.9K
$685.9K – $914.5K
NOI $54,872 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$722.0K
$631.8K – $842.4K
NOI $50,543 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.15M
NOI $129,277 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Legal triplex built in 1926 with three separate electrical meters, impact glass, and city sewer.
Where is this triplex located?
The property is located at 1337 SW 15th St Miami, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Legal 3‑unit triplex built in 1926 with three separate electrical meters and 1 water connection; Main house features 3BD/1BA with original oak hardwood floors and impact glass plus modern upgrades; Rear duplex has two independent 1BD/1BA units on the 1st and 2nd floors, each with private garden patio access
