3401 Northwest 15th Street Miami, FL 33125
Duplex in prime location near Miami International Airport.
Property Features for 3401 Northwest 15th Street
General Information
- Standard status
- Active
- Size
- 900 SF
- Lot size
- 0.15 Acres
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1957
Listing office Create Realty Corp (786) 832-1001
Listing date May 26, 2026
Source Compass
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 Create Realty Corp
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in desirable Grapeland Heights, near Miami International Airport, major highways, Downtown Miami, Wynwood, and the future Miami Freedom Park & Inter Miami Stadium.
- Duplex featuring two separate 1‑bedroom, 1‑bath units, each with independent electric meters.
- Corner lot on approximately 6,612 Sq. Ft. in a T3‑L zoning area.
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 | $27.5k | $30.60 |
| − Vacancy | −$1.8k | −$1.95 |
| EGI | $25.8k | $28.65 |
| − OpEx | −$7.7k | −$8.60 |
| NOI | $18.0k | $20.06 |
