Triplex with Independent
2453 Southwest 17th Street Miami, FL 33145
For Sale
$1,150,000
Three-unit triplex with gated parking and updated roof, well suited for short-term or rental income.
Property Size2,211 SF
Price / SF$520.13
Days on Market54
Property Features for 2453 Southwest 17th Street
General Information
- Standard status
- Active
- Size
- 2,211 SF
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1924
Listing Agency:
Douglas Elliman
(305) 695-6060
Listed By:
Duber Baptista · License #3476366
(305) 695-6060
Source:
Compass
Added: May 31
Changed: Jul 10
Last Checked: Jul 23 at 10:55AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This for-sale triplex is configured as three separate residences with independent entrances. The front unit features 3 bedrooms and 2 bathrooms and is currently used as an Airbnb. Behind the main house is a spacious 1-bedroom, 1-bath unit, and there is also a detached rear cottage offering 1 bedroom and 1 bathroom. The property includes two private patios, two sets of washers and dryers, and a large gated parking area serving all units. A new roof was installed in 2024, supporting long-term exterior reliability.
Located at 2453 Southwest 17th Street in Miami, FL 33145, the setup provides straightforward separation between living spaces while keeping shared site amenities centralized. The gated parking area and patio spaces help each unit function with its own outdoor and vehicle access.
For investors and operators, the current operating model and unit mix can support short-term rental use or traditional multi-family leasing. With independent entrances and in-unit laundry for the residences described, the property is designed for tenants or guests who value privacy, while the three distinct units offer flexibility for income strategies within one secured site.
Located at 2453 Southwest 17th Street in Miami, FL 33145, the setup provides straightforward separation between living spaces while keeping shared site amenities centralized. The gated parking area and patio spaces help each unit function with its own outdoor and vehicle access.
For investors and operators, the current operating model and unit mix can support short-term rental use or traditional multi-family leasing. With independent entrances and in-unit laundry for the residences described, the property is designed for tenants or guests who value privacy, while the three distinct units offer flexibility for income strategies within one secured site.
Key Highlights
- Three‑unit triplex built in 1924 with independent entrances and a large gated parking area for all units
- New roof installed in 2024
- Front unit: 3 bed / 2 bath used full‑time as an Airbnb
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 | $67.7k | $30.60 |
| − Vacancy | −$4.3k | −$1.95 |
| EGI | $63.3k | $28.65 |
| − OpEx | −$19.0k | −$8.60 |
| NOI | $44.3k | $20.06 |
2,211 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$633.5K
$554.3K – $739.1K
NOI $44,343 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$583.5K
$510.6K – $680.8K
NOI $40,845 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,471 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit triplex with gated parking and updated roof, well suited for short-term or rental income.
Where is this triplex located?
The property is located at 2453 Southwest 17th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1924 with independent entrances and a large gated parking area for all units; New roof installed in 2024; Front unit: 3 bed / 2 bath used full‑time as an Airbnb
