Turnkey Three-Unit Multifamily
For Sale
$999,000
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 Size2,511 SF
Price / SF$397.85
Days on Market197
Property Features for 2275 Southwest 15th Street
General Information
Standard status
Active
Size
2,511 SF
Total Parking Spaces
6
Property subtype
Multi-Family Income / Triplex
Zoning
T3-O
Site & Location
Neighborhood
Curtis Park
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$15,488
Building Details
Year Built
1973
Listing Agency:
ABL Commercial Realty, LLC.
Listed By:
Alberto Barrera · License #3375540
(305) 647-8805
Source:
Compass
Added: Apr 18
Changed: Oct 28
Last Checked: Oct 30 at 5:47PM
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 ABL Commercial Realty, LLC.
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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
Estimated NOI and Cap Rate
NOI / Yr
$50,359
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,180
$1.0M
Cap Rate 7%
$719,414
$719.4K
Cap Rate 9%
$559,544
$559.5K
Market Conditions
NOI Build-Up for 2,511 SF
Gross rent
$76.8K $30.60/SF
− Vacancy
−$4.9K −$1.95/SF
EGI
$71.9K $28.65/SF
− OpEx
−$21.6K −$8.60/SF
NOI
$50.4K $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%
$1,007,180
Cap Rate 7%
$719,414
Cap Rate 9%
$559,544
Alternative Uses
Best Use
Multifamily LT 5
$719.4K
$629.5K – $839.3K
NOI $50,359 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$662.7K
$579.8K – $773.1K
NOI $46,387 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,646 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,129
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
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 $999,000.
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
