Railway Shops, 414 NW 53rd St
New - 4 days 11 hrs ago
$1,500,000
Beds
2,752
SqFt$545
$/SqFtMid-Tier MultifamilyProperty Type
1926Year Built
$545/SqFtPrice per sq ft
FourplexStyle
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.
Listing Courtesy Of: Realty One Group Royal Oaks
Local Realty Services Provided By: Best of Luxury Realty
On Site: 4 DaysUpdated: 4 Days agoPage Views: 0
Features
MLS Number: A12110434
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: WallFurnace
- Cooling Description: WallWindowUnits
Building and Construction
- Floor Description: Tile
- Year Built: 1926
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2026-10-22T19:42:03.000-00:00
Taxes, Fees & More
- Taxes: 5600
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
10/21/2026
Listed
$1.5M
$545 ft2
$5,867 m2
10/21/2026
$1.5M
Event
Listed
Price Per
$545 ft2
$5,867 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
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Community Snapshot
2 – 5 BR
Bedrooms
$590K – $3.2M
Price Tier
804 - 6,000
SqFt Range
1949
Year Build
1
Total Floors
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- Wyndwood Park Mixed25
- Yacht Harbour Condo3
- YotelPad Miami Condo24
Ultra Luxury
Ultra Luxury74
- Aqua Marine Mixed2
- Aston Martin Residences Condo6
- Banks House0
- Bay Crest House4
- Bay Homes House1
- Bay Point House5
- Bayshore Villas House0
- Beacon Harbour Condo1
- Belle Meade Island House2
- Biscayne Park Terrace House0
- Bonita Park House0
- Brickell Flatiron Condo29
- Camner Gables House0
- Club Residences At Park Grove Condo5
- Coconut Grove Manor House2
- Coconut Grove Park House5
- Crystal Bluff House1
- Douglas Circle House3
- East Utopia House0
- Echo Brickell Condo29
- Eleda House0
- Elysee Condo7
- Enchanted Grove Townhouse0
- Entrada House0
- Espanola Heights House3
- Ewanton Heights House0
- Fairhaven House2
- Four Seasons Residences Condo7
- Four Way Lodge Estates House1
- Gifford Lane Townhomes Townhouse1
- Grove At Grand Bay Condo1
- Grovenor House Condo4
- Hardies Multifamily0
- Hazel Park House1
- J W Ewans House1
- Joseph Manor Multifamily1
- King Park House2
- Leeward Cove Land0
- Lennox Park House0
- Mr C Tigertail Residences Condo1
- Muze At Met Condo0
- Natoma Manors House2
- Natoma Park House2
- Ocean View House0
- Ocean View Heights House1
- One Park Grove Condo2
- One Thousand Museum Condo11
- One Thousand Venetian Way Mixed5
- Parc Lofts Condo3
- Park Manor House0
- Pent Homestead Townhouse0
- Pinecrest Manor House1
- Pomona House1
- Residences At Vizcaya Condo2
- Rockerman Heights House1
- San Marco House5
- Sans Souci House0
- Silver Bluff House2
- Silver Bluff Business Center House0
- Sunshine Fruits House2
- Sunshine Villas House0
- Sunshine Vistas House4
- The Elser Hotel & Residences Condo55
- The Fairchild Condo4
- The Justison & Frantz House0
- The Moorings House4
- The Ritz-Carlton Executive Residences Condo0
- The Ritz-Carlton Tower Residences Condo2
- Town Hall House0
- Treasure Trove House0
- Two Park Grove Condo2
- Una Residences Condo19
- Villas De Vizcaya House1
- Ye Little Wood House0
Miami, FL Nearby Cities
$110K - $850K
$0 - $0
$499K - $4.7M
$2K - $9K
$130K - $2M
$2K - $4K
$150K - $1.8M
$2K - $6K
$190K - $9M
$2K - $45K