Turnkey Three-Unit Multifamily
New
For Sale
Contact for pricing
2275 Southwest 15th Street, Miami, FL 33145
Three independent units with private entrances and full kitchens, recent HVAC and exterior updates, and T3-O zoning.
Property Size2,757 SF
Price / SF$398.98
Days on Market5
Property Features for 2275 Southwest 15th Street
General Information
Standard status
Active
Size
2,757 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
T3-O
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Parking per Unit
2
Building Details
Year Built
1973
Listing Agency:
Julies Realty, LLC
(305) 751-6400
Listed By:
Yuliya Sidorevskaya · License #3015768
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 1:22PM
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 Julies Realty, LLC
Investment Insights
Based on property information with market context.
This turnkey three-unit multifamily property offers three fully independent units with private entrances, full kitchens, and separate living spaces. The configuration includes one 2-bedroom, 2-bath unit, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit. The building was constructed in 1973 and has 5 bedrooms and 4 full bathrooms across the three units. Parking is provided with 6 spots total, with 2 spaces per unit.
Two of the units are currently tenant occupied with leases in place, and the third unit is available for immediate lease-up or owner occupancy. Recent capital improvements include HVAC ductwork, fresh exterior paint, updated appliances, and modern finishes throughout.
The property is zoned T3-O. Buyer should independently verify zoning, permits, legal use, occupancy, and any future intended use.
Two of the units are currently tenant occupied with leases in place, and the third unit is available for immediate lease-up or owner occupancy. Recent capital improvements include HVAC ductwork, fresh exterior paint, updated appliances, and modern finishes throughout.
The property is zoned T3-O. Buyer should independently verify zoning, permits, legal use, occupancy, and any future intended use.
Key Highlights
- Three independent units with private entrances, full kitchens, and separate living spaces
- Two tenant‑occupied units with leases in place; third unit available for immediate lease‑up or owner occupancy
- Recent capital improvements include HVAC ductwork, fresh exterior paint, updated appliances, and modern finishes
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 | $84.4k | $30.60 |
| − Vacancy | −$5.4k | −$1.95 |
| EGI | $79.0k | $28.65 |
| − OpEx | −$23.7k | −$8.60 |
| NOI | $55.3k | $20.06 |
2,757 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$789.9K
$691.2K – $921.6K
NOI $55,293 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$727.6K
$636.6K – $848.9K
NOI $50,931 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,269 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three independent units with private entrances and full kitchens, recent HVAC and exterior updates, and T3-O zoning.
Where is this triplex located?
The property is located at 2275 Southwest 15th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three independent units with private entrances, full kitchens, and separate living spaces; Two tenant‑occupied units with leases in place; third unit available for immediate lease‑up or owner occupancy; Recent capital improvements include HVAC ductwork, fresh exterior paint, updated appliances, and modern finishes
