Price Check
How this price compares
- List price
- $1,500,000
- Price per sq ft
- $545
- Original price
- Unchanged
- Days on market
- 10
This multi-family property in Railway Shops Addn 2nd Am is listed at $1,500,000, or $545 per square foot. It has been on the market for 10 days.
Estimated monthly payment
$7,883 /mo
Principal and interest only, based on $300,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,500,000
- Days on Site
- 10 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 2,752 sqft
- Total Sq Ft
- 1,763 sqft
- Year Built
- 1926
- Property Type
- Multi-Family
- MLS #
- A12110434
- Property Tax
- $5,600 (2025)
- Subdivision
- RAILWAY SHOPS ADDN 2ND AM
- County
- Miami Dade
- Status
- Active
About This Property
Excellent investment opportunity just minutes from the vibrant Miami Design District. This recently remodeled fourplex sits on an oversized lot with an expansive footprint of land, offering immense long-term value, future development potential, and immediate cash flow. All four units are fully leased and 100% occupied, providing a stabilized, turn-key asset from day one in one of Miami's highest-demand rental corridors. Each unit features beautiful modern updates, contemporary kitchens, and upgraded bathrooms that command top-tier market rents. Positioned on a rare, generous parcel of land that provides ample space for private tenant parking or outdoor amenities, this premier multi-family property represents the perfect combination of immediate rental yield and strong land-residual appreciation on the border of a world-class luxury retail and dining hub.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1926
- Property Condition
- Resale / Updated Remodeled
- Number of Stories
- 2
- Living Sq Ft
- 2,752
- Total Sq Ft
- 1,763
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Zoning
- 5700
Interior Features
- Cooling
- Wall Window Units
- Heating
- Separate Meters / Wall Furnace
- Flooring
- Tile
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Roof
- Flat / Tile
- Lot Features
- Quarter To Half Acre Lot
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- MLS Area
- 2310
Schools
- Elementary School
- Shadowlawn
- Middle School
- Jose De Diego
- High School
- Miami Edison
About the Community
Railway Shops Addn 2nd Am is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $899,900 to $1,800,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Railway Shops Addn 2nd Am and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 13
- Median List Price
- $1,380,000
- Median $/Sq Ft
- $657
- Avg Days on Market
- 113
Frequently Asked Questions
- How do I schedule a tour of 414 NW 53rd Street, Miami, FL 33127?
- Use the Tour button on this listing to request a showing of 414 NW 53rd Street, Miami, FL 33127. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 414 NW 53rd Street, Miami, FL 33127 still available?
- 414 NW 53rd Street, Miami, FL 33127 is currently listed as Active, and has been on the market 10 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 414 NW 53rd Street, Miami, FL 33127?
- With 20% down ($300,000) on the $1,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 414 NW 53rd Street, Miami, FL 33127 is about $7,883/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 414 NW 53rd Street, Miami, FL 33127?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 414 NW 53rd Street, Miami, FL 33127. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 414 NW 53rd Street, Miami, FL 33127?
- 414 NW 53rd Street, Miami, FL 33127 is zoned for Shadowlawn (elementary), Jose De Diego (middle), Miami Edison (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 414 NW 53rd Street, Miami, FL 33127?
- Often, yes. The right offer on 414 NW 53rd Street, Miami, FL 33127 depends on how it's priced against comparable multi-family sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Realty One Group Royal Oaks
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated November 14, 2026.
$1,500,000
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Listed by Luis C Padilla, Realty One Group Royal Oaks
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Recent Sales
Recently sold homes in Railway Shops Addn 2nd Am
These are the last 6 recorded closings in Railway Shops Addn 2nd Am, with the price each home actually sold for rather than what it was listed at. They closed at a median of $580 per square foot. The most recent closed on September 25, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,150,000
Sold · September 25, 2026
223 NW 51st Street
3 bed · 2.5 bath · 1,723 sqft · $667/sqft
$40,000 under the asking price
Sold$550,000
Sold · June 16, 2026
598 NW 53rd Street
2 bed · 1 bath · 948 sqft · $580/sqft
$48,000 under the asking price
Sold$850,000
Sold · June 13, 2026
95 NW 52nd Street
4 bed · 3 bath · 1,833 sqft · $464/sqft
$49,900 under the asking price
Sold$625,000
Sold · June 4, 2026
424 NW 53rd Street
3 bed · 1 bath · 1,172 sqft · $533/sqft
$24,000 under the asking price
Sold$590,000
Sold · June 1, 2026
70 NW 53rd Street
0 bed · 0 bath
$60,000 under the asking price
Sold$630,000
Sold · May 1, 2026
61 NW 53rd Street
3 bed · 3 bath · 1,080 sqft · $583/sqft
$45,000 under the asking price
See every recorded sale in Railway Shops Addn 2nd Am or find out what your Railway Shops Addn 2nd Am home is worth.
