Duplex Income Property with Bonus
5254 NW 2ND Terrace Miami, FL 33126
New
For Sale
$689,000
MULTI_FAMILY - Miami, FL
Property Size2,126 SF
Lot Size0.16 Acres
Price / SF$324.08
Days on Market2
Property Features for 5254 NW 2ND Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- 5700
- Bedrooms
- 6
- Rooms
- Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
- Pets allowed
- Yes, No
- Fencing
- Fenced
- Standard status
- Active
- APN
- 0141060181500
- Size
- 2,126 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FLAGLER GROVE ESTATES EXTEN PB 8-98 LOT 180 LOT SIZE 50.000 X 139 COC 22293-3616 04 2004 4
- Tax Annual Amount
- 10329
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Attic Fan, Central Air
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Block, CBS
- Roof type
- Shingle
Listing Agency:
Compass Florida LLC
(561) 300-6056
Listed By:
Joanna Levin · License #3372532
(954) 257-0657
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 12:06PM
MLS# B26055788
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex features two single-floor units, each configured with 3 bedrooms and 1 bathroom. The front unit includes an additional bonus room, while the back unit is a standard 3-bedroom, 1-bath layout. According to the property appraiser, each unit provides 2,126 square feet of well-planned living space per unit.
The front unit is currently occupied at $2,150 per month, and the back unit is vacant. The property is listed for sale and sits on a 0.16-acre lot.
Seller financing is available, offering an additional option for qualified buyers.
The front unit is currently occupied at $2,150 per month, and the back unit is vacant. The property is listed for sale and sits on a 0.16-acre lot.
Seller financing is available, offering an additional option for qualified buyers.
Key Highlights
- Duplex built in 1953 with block/CBS construction
- Each unit offers 3 bedrooms and 1 bathroom on a single floor
- Each unit has 2,126 SF per property appraiser
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.1k | $30.60 |
| − Vacancy | −$4.1k | −$1.95 |
| EGI | $60.9k | $28.65 |
| − OpEx | −$18.3k | −$8.60 |
| NOI | $42.6k | $20.06 |
2,126 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$609.1K
$533.0K – $710.6K
NOI $42,638 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$561.1K
$490.9K – $654.6K
NOI $39,274 @ 7.0% cap · market cap 5.70%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.67M
NOI $100,454 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offers two units with 3 bedrooms and 1 bath, with the front unit including an additional bonus room.
Where is this duplex located?
The property is located at 5254 NW 2ND Terrace Miami, FL.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Duplex built in 1953 with block/CBS construction; Each unit offers 3 bedrooms and 1 bathroom on a single floor; Each unit has 2,126 SF per property appraiser
