Investor and Developer Multi-Family Alert! Ddon’t miss this opportunity – a comparable property on the same street just sold for significantly more. Fully rented duplex with two additional units producing over $7,200 / month plus $150 / month from coin lau

128 NORTH WEST 53RD ST #2, Miami

$819,000 USD
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Address128 NORTH WEST 53RD ST #2, Miami
Building NameRAILWAY SHOPS ADDN 2ND AM
Type of PropertyDuplex
Property StyleDuplex
Price$819,000
Sold on5th March, 2026
Sold Price$750,000
Property StatusClosed
MLS NumberA11940429
Year Built1930
Parking Space Number2
Folio Number01-31-24-013-0460
Gross Rent Income$88,200
Net Operating Income$54,612
Zoning Information3900
Days on Market28

Detailed Description: Investor and Developer Multi-Family Alert! Ddon’t miss this opportunity – a comparable property on the same street just sold for significantly more. Fully rented duplex with two additional units producing over $7,200 / month plus $150 / month from coin laundry. Zoned T4-R on a 7,200 sq.ft lot in a NO FLOOD ZONE, offering strong cash flow, stabilized tenants, and future redevelopment potential. Features a 3-bed / 1-bath main house with new central A / C and three 1/1 units. Two-year-old roof. Minutes from Design District, Wynwood, Midtown, and Brickell in a rapidly developing corridor where —don’t miss this opportunity. Do not disturb tenants. Gated property; showings by appointment only.

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Address Information
StateFlorida
CityMiami
CountyMiami-Dade County
Zip Code33127
Address128 NORTH WEST 53RD ST
Section24
Zip Code (4 Digits)1918
Financial Information
Price$819,000
Price per Foot$0
Sold on5th March, 2026
Sold Price$750,000
Folio Number01-31-24-013-0460
Gross Rent Income$88,200
Net Operating Income$54,612
Tax Amount$11,365
Tax Year2025
Terms of SaleConventional
Possession InformationFunding
Type of ContingenciesNo Contingencies
Full Descriptions
Detailed DescriptionInvestor and Developer Multi-Family Alert! Ddon’t miss this opportunity – a comparable property on the same street just sold for significantly more. Fully rented duplex with two additional units producing over $7,200 / month plus $150 / month from coin laundry. Zoned T4-R on a 7,200 sq.ft lot in a NO FLOOD ZONE, offering strong cash flow, stabilized tenants, and future redevelopment potential. Features a 3-bed / 1-bath main house with new central A / C and three 1/1 units. Two-year-old roof. Minutes from Design District, Wynwood, Midtown, and Brickell in a rapidly developing corridor where —don’t miss this opportunity. Do not disturb tenants. Gated property; showings by appointment only.
How to ReachGPS
Roof DescriptionShingle
Floor DescriptionTile
Cooling DescriptionCeiling Fan (s), Central Air, Wall / Window Unit (s)
Heating DescriptionCentral
Water DescriptionMunicipal Water
Sewer DescriptionPublic Sewer
Property parameters
Zoning Information3900
Year Built1930
Type of PropertyDuplex
StyleDuplex
Building NameRAILWAY SHOPS ADDN 2ND AM
Development NameRAILWAY SHOPS ADDN 2ND AM
Construction TypeConcrete Block Construction
Stories Number1.000
Street DirectionNorth West
Parking Space Number2
Listed withDouglas Elliman