Renovated Multifamily
247 NW 54th St Miami, FL 33127
For Sale
$1,350,000
MULTI_FAMILY - Miami, FL
Property Size2,156 SF
Lot Size0.15 Acres
Price / SF$626.16
Days on Market120
Property Features for 247 NW 54th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 7
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Parking
- 4
- Security features
- Security
- Exterior features
- Security/High Impact Doors
- 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
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: Jul 18
Last Checked: Jul 23 at 10:06PM
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.
Investment Insights
Based on property information with market context.
This fully renovated multifamily triplex offers two spacious 3-bedroom, 2-bath units along with a separate studio. Interior updates include modern finishes and tile flooring throughout. Building improvements listed in the renovation scope include impact windows and doors, a new roof, updated electrical and plumbing, and a brand-new AC.
The property is located at 247 NW 54th St, Miami, FL 33127, described as approximately 5 minutes from Wynwood and the Miami Design District. The offering is also noted as having T5-0 commercial zoning.
The property is located at 247 NW 54th St, Miami, FL 33127, described as approximately 5 minutes from Wynwood and the Miami Design District. The offering is also noted as having T5-0 commercial zoning.
Key Highlights
- Fully renovated duplex with two 3‑bedroom, 2‑bath units plus a separate studio
- Over 2,700 sq ft living space and a 6,650 sq ft lot
- New roof and updated electrical and plumbing; brand‑new central AC
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 | $66.0k | $30.60 |
| − Vacancy | −$4.2k | −$1.95 |
| EGI | $61.8k | $28.65 |
| − OpEx | −$18.5k | −$8.60 |
| NOI | $43.2k | $20.06 |
2,156 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Renovated property with two 3-bedroom, 2-bath units plus a separate studio, updated with impact windows and doors.
Where is this triplex 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: Fully renovated duplex with two 3‑bedroom, 2‑bath units plus a separate studio; Over 2,700 sq ft living space and a 6,650 sq ft lot; New roof and updated electrical and plumbing; brand‑new central AC
