Renovated Duplex With
For Sale
$1,350,000
247 NW 54th St, Miami, FL 33127
Residential Income, Miami, FL
Property Size2,156 SF
Lot Size0.15 Acres
Price / SF$626.16
Days on Market211
Property Features for 247 NW 54th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
6101
Bedrooms
7
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 5, Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 7, Bathroom 2
Parking
4
Security features
Security
Exterior features
Security/High Impact Doors
Subdivision
RAILROAD SHOPS INTER SCHO
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-13-048-0770
Size
2,156 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
13 53 41 PB 3-192 RAILROAD SHOPS INTER SCH TR LOT 19 LESS S10FT ST BLK 4 LOT SIZE 50.000 X 133 OR 16102-2461 0993 4
Tax Annual Amount
2500
Legal Description
13 53 41 PB 3-192 RAILROAD SHOPS INTER SCH TR LOT 19 LESS S10FT ST BLK 4 LOT SIZE 50.000 X 133 OR 16102-2461 0993 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1926
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Tile, Flat
Listing Agency:
FIP Realty Services, LLC
(786) 463-4977
Listed By:
Gregory Troy Cohen · License #3368879
(786) 563-2565
Added: Mar 26
Changed: Oct 20
Last Checked: Oct 22 at 5:06PM
MLS# A11767651
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated duplex includes two three-bedroom, two-bath units along with a separate studio. Recent improvements include tile flooring, impact windows and doors, a new roof, updated electrical and plumbing, and new air conditioning. The building has block construction, central heating, central air, and public water and sewer service.
The property sits on a 6,650-square-foot lot at 247 NW 54th St in Miami, with Wynwood and the Miami Design District approximately five minutes away. T5-0 Commercial zoning adds a notable land-use designation to the property. Additional features include a flat and tile roof, security/high-impact doors, cable availability, and public utilities.
The property sits on a 6,650-square-foot lot at 247 NW 54th St in Miami, with Wynwood and the Miami Design District approximately five minutes away. T5-0 Commercial zoning adds a notable land-use designation to the property. Additional features include a flat and tile roof, security/high-impact doors, cable availability, and public utilities.
Key Highlights
- Two three‑bedroom, two‑bath units plus a separate studio
- 6,650‑square‑foot lot at 247 NW 54th St, Miami, FL 33127
- T5‑0 Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,240
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,800
$864.8K
Cap Rate 7%
$617,714
$617.7K
Cap Rate 9%
$480,444
$480.4K
Market Conditions
NOI Build-Up for 2,156 SF
Gross rent
$66.0K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.8K $28.65/SF
− OpEx
−$18.5K −$8.60/SF
NOI
$43.2K $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%
$864,800
Cap Rate 7%
$617,714
Cap Rate 9%
$480,444
Alternative Uses
Best Use
Multifamily LT 5
$617.7K
$540.5K – $720.7K
NOI $43,240 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$569.0K
$497.9K – $663.8K
NOI $39,829 @ 7.0% cap · market cap 2.95%
Theoretical Best
Specialty Retail
$1.46M
$1.27M – $1.70M
NOI $101,872 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with a separate studio and T5-0 Commercial zoning.
Where is this duplex located?
The property is located at 247 NW 54th St Miami, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two three‑bedroom, two‑bath units plus a separate studio; 6,650‑square‑foot lot at 247 NW 54th St, Miami, FL 33127; T5‑0 Commercial zoning
