For sale Home

Listed Feb 25, 2026

$600,000 Est. $3,968/mo

1523 Northwest 38th Street

  • 5

    Beds

  • 2

    Baths

  • 1,472

    Sq ft

The story

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.

Facts & features

Home type

Home

Year built

1925

Floors

2

Price per sq ft

$408

Included features

  • Cooling

    Electric

  • Heating

    Electric

  • Appliances

    Dishwasher

  • Flooring

    Porcelain Tile

  • Roof

    Shingle

  • Lot Information

    Less Than Quarter Acre

  • Exterior

    Fruit Trees

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$3,968 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $3,193
  • Property tax $600
  • Insurance $175

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Keller Williams Eagle Realty

Broker Name

Keller Williams Eagle Realty

Agent

Barclay Belizaire

Location

Miami FL 33138