This study aimed to improve the mechanical properties of a composite material consisting of waste leather fibers (LF) and nitrile rubber (NBR) by partially replacing LF with waste polyamide fibers (PA). A ternary recycled composite NBR/LF/PA was produced by a simple mixing method and vulcanized by compression molding. The mechanical properties and dynamic mechanical properties of the composite were investigated in detail. The results showed that the mechanical properties of NBR/LF/PA increased with an increase in the PA ratio. The highest tensile strength value of NBR/LF/PA was found to have increased about 1.26 times, that is from 12.9 MPa of LF50 to 16.3 MPa of LF25PA25. Additionally, the ternary composite demonstrated high hysteresis loss, which was confirmed by dynamic mechanical analysis (DMA). The presence of PA formed a non-woven network that significantly enhanced the abrasion resistance of the composite compared to NBR/LF. The failure mechanism was also analyzed through the observation of the failure surface using scanning electron microscopy (SEM). These findings suggest that the utilization of both waste fiber products together is a sustainable approach to reducing fibrous waste while improving the qualities of recycled rubber composites.