Two-Unit Duplex with
2320 Northwest 15th Street Miami, FL 33125
2320 Northwest 15th Street, Miami, FL, 33125
$765,000
For Sale
$765,000
Centrally located duplex offering two identical 3-bedroom units with brand-new roof, patio, and separate utility meters.
Property Size1,680 SF
Price / SF$455.36
Days on Market392
Property Features for 2320 Northwest 15th Street
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1947
Listing agency
United Real Estate Miami
(305) 273-9000
Listed by
Casandra Echemendia · License #0702053
(305) 273-9000
Source
Compass
Added: Jun 26, 2025 Updated: Jul 22 at 5:12AM Checked: Jul 22 at 5:12AM
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 United Real Estate Miami
Investment Insights
Based on property information with market context.
This two-story duplex features two spacious, identical units, each with three bedrooms and one bathroom. The property includes laminate flooring, updated kitchens, a laundry room on the first floor, a central AC system, and a brand-new roof. Each unit is individually metered with separate water and electrical meters, supporting independent utility management.
The duplex is centrally located in Miami, Florida. It offers a large patio and plenty of parking spaces. Current tenants are on month-to-month terms.
Each unit is configured as a 3-bedroom, 1-bath residence with the same overall layout and finishes, providing consistency between units within the duplex.
The duplex is centrally located in Miami, Florida. It offers a large patio and plenty of parking spaces. Current tenants are on month-to-month terms.
Each unit is configured as a 3-bedroom, 1-bath residence with the same overall layout and finishes, providing consistency between units within the duplex.
Key Highlights
- 1947‑built, 2‑story duplex with two identical units, each offering 3 bedrooms and 1 bathroom
- Brand‑new roof and laminate flooring in both units
- Updated kitchens, plus a large patio for the duplex
Local 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 | $51.4k | $30.60 |
| − Vacancy | −$3.3k | −$1.95 |
| EGI | $48.1k | $28.65 |
| − OpEx | −$14.4k | −$8.60 |
| NOI | $33.7k | $20.06 |
1,680 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.3K
$421.2K – $561.6K
NOI $33,693 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$443.4K
$387.9K – $517.3K
NOI $31,035 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$1.13M
$992.3K – $1.32M
NOI $79,381 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Centrally located duplex offering two identical 3-bedroom units with brand-new roof, patio, and separate utility meters.
Where is this duplex located?
The property is located at 2320 Northwest 15th Street Miami, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 1947‑built, 2‑story duplex with two identical units, each offering 3 bedrooms and 1 bathroom; Brand‑new roof and laminate flooring in both units; Updated kitchens, plus a large patio for the duplex
