WESTGATE

115 NW 56th Ave, Miami FL 33126

1,629 ft²

Closed

$650,000

24.42%

Est. Payment $3,460/mo

MLS Sheet Video

1,629

Sq. Ft.

1947

Year Built

Stories

133

Days on Market

Description

Excellent investment opportunity in central Miami. Income-producing duplex at 115 NW 56th Ave, Miami, FL 33126 in a high-demand rental area. Currently generates approx. $5,500/month, delivering immediate cash flow for investors. Minutes to Miami International Airport, Downtown Miami, and Coral Gables, with quick access to SR-836, I-95, and the Palmetto Expressway. Close to shopping, dining, schools, hospitals, employment hubs, and public transportation—strong tenant appeal and rental stability. Duplex layout offers multiple income streams, reduced vacancy risk, and flexible long-term rental strategy. Ideal buy-and-hold asset with income plus appreciation potential in a market with limited inventory.

Facts

MLS#: A11930134
Subdivision: WESTGATE
Property Type: Residential Income
Property Sub Type: Duplex
Year Built: 1947
Lot Size: 0 sqft
Sq. Ft.: 1,629 ft²
Sq. Mt.: 151 m²
Price per sq. ft.: $399/ft²
Price per sq. mt.: $4,305/m²
Stories: 1
Garage: —
Pool: —
Days on Market: 133 days
Listed: Dec 12, 2025
Last Updated: Jul 2, 2026
Price/Lot Sq.Ft.: —

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

August 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

7/2/2026	Sold	$650,000
4/12/2026	Price change	$650,000-24.4%
12/12/2025	Listed for sale	$860,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

115 NW 56th Ave, Miami FL 33126Directions

Estimated Monthly Payment

$4,151/mo

Principal & Interest

$3,460

Property Tax

$542

Insurance

$150

HOA

Down Payment20% ($130,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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