Duplex with Central
New
For Sale
$595,000
1515 NW 53rd St, Miami, FL 33142
Residential Income, Miami, FL
Property Size1,500 SF
Price / SF$396.67
Days on Market2
Property Features for 1515 NW 53rd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
0104
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking
4
Patio and Porch features
Porch
Exterior features
Fence, Lighting, Porch, Awning(s)
Fencing
Fenced
Subdivision
FLORAL PARK 1ST AMD PL
Directions
Proceed on NW 17th Avenue to 53 Street. Turn east to subject property or Proceed on NW 54 Street to 15th ave, turn south to 53 Steet, then west to subject property
Standard status
Active
APN
01-31-22-052-0430
Size
1,500 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
FLORAL PARK 1ST AMD PL PB 8-5 LOT 24 BLK 2 LOT SIZE 50.000 X 110 OR 20461-4855/24083-762 0502 1 COC 26539-1617 08 2008 6
Tax Annual Amount
7000
Legal Description
FLORAL PARK 1ST AMD PL PB 8-5 LOT 24 BLK 2 LOT SIZE 50.000 X 110 OR 20461-4855/24083-762 0502 1 COC 26539-1617 08 2008 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
central air conditioning
security window bars
refrigerators
ranges
Building Details
Year built
1963
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Brick, CBS (Concrete Block Structure), Block
Roof type
Shingle
Buildings
1
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Adrian Ambros · License #0162991
(305) 482-1295
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 5 at 9:06PM
MLS# A12117728
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.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex was built in 1963 and contains two currently rented units. Both were refurbished after acquisition and have central air conditioning, security window bars, refrigerators, and ranges. The property also has a porch, fencing, and public sewer service.
The Miami property is described as having convenient access to schools, shopping, public transportation, Wynwood, Miami International Airport, I-95, the Civic Center, and major hospitals. It backs onto a vacant lot owned by an adjacent church, providing an open rear setting.
The Miami property is described as having convenient access to schools, shopping, public transportation, Wynwood, Miami International Airport, I-95, the Civic Center, and major hospitals. It backs onto a vacant lot owned by an adjacent church, providing an open rear setting.
Key Highlights
- Two currently rented units
- 1,500 square feet; built in 1963
- Both units refurbished after acquisition
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include central air conditioning, appliances, and security window bars.
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: Two currently rented units; 1,500 square feet; built in 1963; Both units refurbished after acquisition
