Updated 4-Unit
New
For Sale
$1,500,000
414 NW 53rd St, Miami, FL 33127
Residential Income, Miami, FL
Property Size2,752 SF
Price / SF$545.06
Days on Market2
Property Features for 414 NW 53rd St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
5700
Bedrooms
8
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4
Parking
4
Subdivision
RAILWAY SHOPS ADDN 2ND AM
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
01-31-24-013-2710
Size
2,752 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
RAILWAY SHOPS ADD 2ND AMD PB 3-183 LOT 7 BLK 15 LOT SIZE SITE VALUE COC 25154-2068 11 2006 1
Tax Annual Amount
5600
Legal Description
RAILWAY SHOPS ADD 2ND AMD PB 3-183 LOT 7 BLK 15 LOT SIZE SITE VALUE COC 25154-2068 11 2006 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1926
Floors in Building
2
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Flat, Tile
Architectural style
Other
Listing Agency:
Realty One Group Royal Oaks
(305) 456-6540
Listed By:
Luis Padilla · License #0699832
(305) 785-7805
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 2:06AM
MLS# A12110434
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.
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Investment Insights
Based on property information with market context.
This four-unit residential income property contains 2,752 square feet and was built in 1926. Recent remodeling included updates to the kitchens and bathrooms, and all four units are currently leased. The building has concrete block construction, tile flooring, wall-furnace heating, and wall or window-unit cooling.
The property is at 414 NW 53rd St in Miami, near the Miami Design District. Public sewer service and cable availability are noted.
The property is at 414 NW 53rd St in Miami, near the Miami Design District. Public sewer service and cable availability are noted.
Key Highlights
- Four units, all currently leased
- 2,752 square feet
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,193
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,860
$1.1M
Cap Rate 7%
$788,471
$788.5K
Cap Rate 9%
$613,256
$613.3K
Market Conditions
NOI Build-Up for 2,752 SF
Gross rent
$84.2K $30.60/SF
− Vacancy
−$5.4K −$1.95/SF
EGI
$78.8K $28.65/SF
− OpEx
−$23.7K −$8.60/SF
NOI
$55.2K $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%
$1,103,860
Cap Rate 7%
$788,471
Cap Rate 9%
$613,256
Alternative Uses
Best Use
Multifamily LT 5
$788.5K
$689.9K – $919.9K
NOI $55,193 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$726.3K
$635.5K – $847.3K
NOI $50,839 @ 7.0% cap · market cap 3.39%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,033 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,424
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are leased, with remodeled kitchens and bathrooms across the property.
Where is this quadplex located?
The property is located at 414 NW 53rd St Miami, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four units, all currently leased; 2,752 square feet; Built in 1926
