Leased Duplex with Central
1515 NW 53rd St, Miami, FL 33142
For Sale
New
$595,000
Both residences are occupied and include central air conditioning, refrigerators, and ranges.
Property Size1,500 SF
Price / SF$396.67
Days on Market4
Property Features for 1515 NW 53rd St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Road Access
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
security window bars
refrigerators
ranges
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Adrian Ambros · License #0162991
(305) 482-1295
Source:
Batrare
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 12:48PM
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 Florida Realty of Miami Corp
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Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex in Miami was built in 1963. Both residences are currently rented and were updated and refurbished before the current ownership. Features include central air conditioning, security window bars, refrigerators, and ranges. The property is offered as-is and has no HOA.
The home is on a residential street with access to schools, shopping, and public transportation. Listed destinations within reach include Wynwood, Miami International Airport, I-95, the Civic Center, and major hospitals. A vacant lot owned by the neighboring church borders the rear of the property.
The home is on a residential street with access to schools, shopping, and public transportation. Listed destinations within reach include Wynwood, Miami International Airport, I-95, the Civic Center, and major hospitals. A vacant lot owned by the neighboring church borders the rear of the property.
Key Highlights
- Both units are currently rented
- 1,500 square feet; built in 1963
- Central air conditioning, security window bars, refrigerators, and ranges
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,083
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,660
$601.7K
Cap Rate 7%
$429,757
$429.8K
Cap Rate 9%
$334,256
$334.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.9K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$43.0K $28.65/SF
− OpEx
−$12.9K −$8.60/SF
NOI
$30.1K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,660
Cap Rate 7%
$429,757
Cap Rate 9%
$334,256
Alternative Uses
Best Use
Multifamily LT 5
$429.8K
$376.0K – $501.4K
NOI $30,083 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$395.9K
$346.4K – $461.8K
NOI $27,710 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$1.01M
$886.0K – $1.18M
NOI $70,876 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
964
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
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include central air conditioning, refrigerators, and ranges.
Where is this duplex located?
The property is located at 1515 NW 53rd St Miami, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Both units are currently rented; 1,500 square feet; built in 1963; Central air conditioning, security window bars, refrigerators, and ranges
