Turnkey investment in the heart of Allapattah, currently bringing in $5,000 per month from two separately leased spaces ($2,650 + $2,350), with month-to-month tenants in place. The home has been fully updated with wood-look tile flooring, quartz countertops, stainless steel appliances, split A/C units, and a renovated bathroom with modern fixtures. Interiors are clean, functional, and move-in ready.Outside, a spacious fenced lot offers a large backyard, a secured side entrance, and a dedicated utility and laundry area, giving you both privacy and flexibility.The location is hard to beat: about 15 minutes from Downtown Miami, Wynwood, Brickell, and Miami International Airport, which keeps rental demand strong.This home suits investors who want cash flow from day one, house hackers who want tenants covering the mortgage, and buyers who want options with income already in place.
Listing Provided Courtesy of Keller Williams Eagle Realty at 305-757-1700
Property Details
Price:
$615,000
MLS #:
A11969960
Status:
Active
Beds:
5
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
ALLAPATTAH VIEW
Neighborhood:
2310
Listed Date:
Oct 12, 2026
Finished Sq Ft:
1,472
Total Sq Ft:
2,352
Lot Size:
254,390,400 sqft / 0.13 acres (approx)
Year Built:
1925
See this Listing
Schools
Elementary School:
Kelsey L. Pharr
Middle School:
Georgia Jones-Ayers
High School:
Miami Jackson
Interior
Appliances
Dishwasher
Bathrooms
2 Full Bathrooms
Cooling
Electric
Heating
Electric
Levels
Two
Exterior
Association Amenities
None
Construction Materials
Block
Direction Faces
South
Lot Features
Fruit Tree(s)
Parking Features
Driveway
Roof
Shingle
View
Other
Financial
Tax Year
2025
Taxes
$2,025
Map
Community
- Address1523 NW 38th Street Miami FL
- SubdivisionALLAPATTAH VIEW
- CityMiami
- CountyMiami-Dade
- Zip Code33142
Market Summary
Current real estate data for Single Family in Miami as of Oct 28, 2026
2,924
Single Family Listed
45
Avg DOM
563
Avg $ / SqFt
$1,439,964
Avg List Price
Property Summary
- Located in the ALLAPATTAH VIEW subdivision, 1523 NW 38th Street Miami FL is a Single Family for sale in Miami, FL, 33142. It is listed for $615,000 and features 5 beds, 2 baths, and has approximately 1,472 square feet of living space, and was originally constructed in 1925. The current price per square foot is $418. The average price per square foot for Single Family listings in Miami is $563. The average listing price for Single Family in Miami is $1,439,964.
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