Triplex Redevelopment
For Sale
$850,000
21 NE 53 ST, Miami, FL 33137
MULTI_FAMILY - Miami, FL
Property Size2,343 SF
Price / SF$362.78
Days on Market105
Property Features for 21 NE 53 ST
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
3900
Bedrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1
Parking
4
Subdivision
ORCHARD VILLA TRACK ADDN
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-24-010-0120
Size
2,343 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ORCHARD VILLA TR ADDN PB 7-84 LOT 15 LOT SIZE SITE VALUE OR 13998-2680 0289 1
Tax Annual Amount
9066
Legal Description
ORCHARD VILLA TR ADDN PB 7-84 LOT 15 LOT SIZE SITE VALUE OR 13998-2680 0289 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1935
Floors in Building
2
Flooring type
Vinyl, Tile - Ceramic
Building materials
Block, Frame, Stucco
Roof type
Shingle
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Cesar De La Flor · License #0674796
(305) 979-3151
Added: Apr 18
Changed: Jul 29
Last Checked: Jul 31 at 4:06PM
MLS# A11997504
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.
Triplex property on a two-building layout featuring a 2/1 front cottage and two loft-style units in the back structure across the first and second floors. Construction includes block, frame, and stucco, with vinyl and ceramic tile flooring. The property has central air and independent FPL meters. Ample parking supports on-site needs, and the roof is shingle. The offering is currently set up for multifamily use and is positioned for redevelopment.
The property is located in NE Buenavista near Miami Jewish Health Medical Center, Upper Buena Vista outdoor shopping mall, and within walking distance of Miami Design District and Wynwood. Cable is available, with public sewer service.
Zoned T-4, the configuration includes multiple rooms and baths to support residential income use in its current form.
The property is located in NE Buenavista near Miami Jewish Health Medical Center, Upper Buena Vista outdoor shopping mall, and within walking distance of Miami Design District and Wynwood. Cable is available, with public sewer service.
Zoned T-4, the configuration includes multiple rooms and baths to support residential income use in its current form.
Key Highlights
- Two‑building triplex layout: 2/1 front cottage plus two loft‑style units in back structure
- T‑4 zoning and multifamily use
- Independent FPL meters and ample on‑site parking area
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 | $71.7k | $30.60 |
| − Vacancy | −$4.6k | −$1.95 |
| EGI | $67.1k | $28.65 |
| − OpEx | −$20.1k | −$8.60 |
| NOI | $47.0k | $20.06 |
2,343 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$671.3K
$587.4K – $783.2K
NOI $46,990 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$618.3K
$541.0K – $721.4K
NOI $43,283 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$1.58M
$1.38M – $1.85M
NOI $110,708 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,569
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with two buildings, independent FPL meters, central air, and T-4 zoning.
Where is this triplex located?
The property is located at 21 NE 53 ST Miami, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑building triplex layout: 2/1 front cottage plus two loft‑style units in back structure; T‑4 zoning and multifamily use; Independent FPL meters and ample on‑site parking area
