1523 NW 38th St, Miami, FL, 33142
About This Home
Renovated income-producing single-family home in the heart of Allapattah generating $5,400 per month ($2,800 + $2,600) with month-to-month tenants in place. This fully updated property features modern finishes throughout, including wood-look tile flooring, quartz countertops, stainless steel appliances, split A/C units, and a beautifully renovated bathroom with contemporary fixtures. The layout offers functional living space with clean, move-in-ready interiors. Situated on a spacious fenced lot with a large backyard, secured side entrance, and dedicated utility/laundry area, this property provides both privacy and versatility. Centrally located just 15 minutes from Downtown Miami, Wynwood, Brickell, and Miami International Airport , making it highly desirable for both residents and tenants. Ideal for investors seeking immediate cash flow, house hackers looking to offset their mortgage, or buyers wanting flexibility with strong rental demand already in place. Renovated. Centrally located. Income-producing. Flexible.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Roof: Shingle
- Construction materials: Concrete Block Construction
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Other
Heating & Cooling
- Heating features: Electric
- Cooling features: Electric
Interior Area
- Total structure area: 2,352
- Total interior livable area: 1,472 sqft
Property
Details
- Parcel number: 0131230180121
- Zoning: 6107
Features
- Stories: 2
- Entry location: First Floor Entry
- Pool features: R30-No Pool/No Water
- Has view: Yes
- View description: Other
- Residential vegetation: Fruit Trees
Lot
- Lot size: 5,840 sqft
- Features: Less Than 1/4 Acre Lot
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,109 | $37,308 |
| Home Insurance * | $243 | $2,916 |
| Property Taxes | $492 | $5,904 |
| Electricity | $197 | $2,366 |
| Total | $4,041 | $48,492 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-06 | Price change | $615,000 |
| 2026-03-23 | Price change | $630,000 |
| 2026-02-25 | Listed for sale | $640,000 |
| 2025-06-27 | Listing removed | $780,000 |
| 2025-06-18 | Listed for sale | $780,000 |
| 2025-05-31 | Listing removed | $780,000 |
| 2025-04-18 | Listed for sale | $780,000 |
| 2025-04-08 | Listing removed | $650,000 |
| 2025-03-17 | Listed for sale | $650,000 |
| 2025-02-26 | Listing removed | $699,990 |
| 2025-02-06 | Price change | $699,990 |
| 2025-01-28 | Price change | $730,000 |
| 2025-01-10 | Listed for sale | $745,000 |
| 2024-12-30 | Listing removed | $780,000 |
| 2024-11-26 | Price change | $780,000 |
| 2024-11-10 | Price change | $800,000 |
| 2024-10-10 | Price change | $820,000 |
| 2024-09-17 | Listed for sale | $825,000 |
| 2024-07-25 | Sold | $400,000 |
| 2024-06-11 | Pending sale | $499,999 |
| 2024-05-28 | Listed for sale | $499,999 |
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