Updated Multifamily
323 NW 56th Ave Miami, FL 33126
New
323 NW 56th Ave, Miami, FL, 33126
$800,000
For Sale
$800,000
MULTI_FAMILY - Miami, FL
Property Size1,345 SF
Price / SF$594.80
Days on Market2
Property Features for 323 NW 56th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3
- Parking
- 7
- Security features
- Security
- Patio and Porch features
- Porch
- Exterior features
- Fence, Fruit Trees, Lighting, Porch, Room For Pool, Shed, Security/High Impact Doors
- Fencing
- Fenced
- Standard status
- Active
- APN
- 01-41-06-066-0070
- Size
- 1,345 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- IDEAL HOMES SUB NO 7 PB 61-13 LOT 7 BLK 1 LOT SIZE 65.000 X 104
- Tax Annual Amount
- 8764
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Zoned, Electric
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic, Tile, Laminate
- Building materials
- Block
- Roof type
- Shingle
Listing Agency
Keller Williams Capital Realty
(305) 662-7325
550 Biltmore Way PH2, Coral Gables, FL
Listed by
Malgorzata Sadowska · License #3313909
(305) 204-2462
Added: Jul 16 Checked: Jul 17 at 12:06 am
MLS# A12053829
Listing URL
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.
Updated multifamily compound featuring a modern 3-bedroom, 1-bathroom primary residence plus flexible separate living quarters. The home offers a bright open layout, a kitchen with cabinets to the ceiling, a laundry room, and an upgraded bath. Recent improvements include a brand-new roof and like-new systems and components, including A/C, plumbing, electric, and hurricane impact windows and doors.
Exterior features include luxury travertine tile accents and a secure side gate for boat parking. Parking is provided via a massive circular driveway and an additional driveway with capacity for up to 7 cars. There is also a separate 90 sq ft unfinished side storage room offering space that may be expanded for additional living or income potential.
Located in Miami (near MIA per the remarks), this property is offered for investors and end users. The seller notes projected performance on long-term leases and for short-term use, including potential total cash flow of $7,500/mo and projected short-term gross of $110K-$148K+/yr.
Exterior features include luxury travertine tile accents and a secure side gate for boat parking. Parking is provided via a massive circular driveway and an additional driveway with capacity for up to 7 cars. There is also a separate 90 sq ft unfinished side storage room offering space that may be expanded for additional living or income potential.
Located in Miami (near MIA per the remarks), this property is offered for investors and end users. The seller notes projected performance on long-term leases and for short-term use, including potential total cash flow of $7,500/mo and projected short-term gross of $110K-$148K+/yr.
Key Highlights
- 3‑bedroom, 1‑bath primary home plus flexible separate living quarters in a fully updated compound (year built 1955)
- Brand‑new shingle roof; A/C, plumbing, and electric are described as like‑new
- Hurricane impact windows and security/high‑impact doors; fenced with secure side gate for boat parking
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 | $41.2k | $30.60 |
| − Vacancy | −$2.6k | −$1.95 |
| EGI | $38.5k | $28.65 |
| − OpEx | −$11.6k | −$8.60 |
| NOI | $27.0k | $20.06 |
1,345 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$385.4K
$337.2K – $449.6K
NOI $26,975 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$355.0K
$310.6K – $414.1K
NOI $24,847 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$907.9K
$794.4K – $1.06M
NOI $63,552 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Modern 3-bedroom primary home with separate living quarters and parking for up to seven cars.
Where is this short term rental property located?
The property is located at 323 NW 56th Ave Miami, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3‑bedroom, 1‑bath primary home plus flexible separate living quarters in a fully updated compound (year built 1955); Brand‑new shingle roof; A/C, plumbing, and electric are described as like‑new; Hurricane impact windows and security/high‑impact doors; fenced with secure side gate for boat parking
