Duplex with Multifamily Development
1613-1615 NW 45th St Miami, FL 33142
New
For Sale
$559,000
MULTI_FAMILY - Miami, FL
Property Size1,452 SF
Price / SF$384.99
Days on Market4
Property Features for 1613-1615 NW 45th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking
8
Standard status
Active
APN
01-31-23-037-0320
Size
1,452 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH MIAMI ESTATES PB 5-48 LOT 2 BLK 8 LOT SIZE 50.000 X 100 OR 20304-0075 02 2002 1
Tax Annual Amount
7062
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1936
Floors in Building
2
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Landan Realty LLC
(305) 338-6436
Listed By:
Danay Puebla Llanos · License #3315105
(305) 338-6436
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 30 at 7:06AM
MLS# A12060349
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 for-sale duplex at 1613–1615 NW 45th St, Miami, FL 33142 offers an income-producing residential structure on a multifamily-zoned lot. The listing notes that the front portion of the property may accommodate additional construction, subject to zoning, setbacks, and City of Miami approvals. The feasibility of expanding to additional units is described as potentially supporting a duplex, triplex, or possibly a fourplex, pending approval with the appropriate municipal authorities.
The property is located in Allapattah and is described as being within a designated Opportunity Zone. The listing also states the area provides convenient access to major highways, hospitals, and downtown Miami, along with proximity to Wynwood and the Health District.
Prospective buyers are encouraged to confirm all development feasibility and review the showing instructions provided in the broker’s remarks.
The property is located in Allapattah and is described as being within a designated Opportunity Zone. The listing also states the area provides convenient access to major highways, hospitals, and downtown Miami, along with proximity to Wynwood and the Health District.
Prospective buyers are encouraged to confirm all development feasibility and review the showing instructions provided in the broker’s remarks.
Key Highlights
- Duplex on a multifamily‑zoned lot, with potential for additional construction (subject to zoning, setbacks, and City of Miami approvals).
- Opportunity Zone location in Allapattah.
- Built in 1936 with block construction.
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 | $44.4k | $30.60 |
| − Vacancy | −$2.8k | −$1.95 |
| EGI | $41.6k | $28.65 |
| − OpEx | −$12.5k | −$8.60 |
| NOI | $29.1k | $20.06 |
1,452 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.4K
NOI $29,121 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,823 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$980.1K
$857.6K – $1.14M
NOI $68,608 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a multifamily-zoned lot in Miami, with potential for additional construction subject to City approvals.
Where is this duplex located?
The property is located at 1613-1615 NW 45th St Miami, FL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Duplex on a multifamily‑zoned lot, with potential for additional construction (subject to zoning, setbacks, and City of Miami approvals).; Opportunity Zone location in Allapattah.; Built in 1936 with block construction.
