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    Miami Duplex on Large Lot Title is generated by Realmo AI

    5649 S Miami Gardens Dr, Miami, AZ 85539

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    Claim this Listing
    For Sale
    Under Contract
    $275,000

    Duplex, 1 story above ground, Multi Family - Miami, AZ

    Type:Multi Family
    Property size:
    2,770 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $99/SF
    Added:
    Apr 14, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 1 at 7:06 pm

    Property Features for 5649 S Miami Gardens Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Zoning
    Multi-family,Residential
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Interior features
    Flooring- Carpet, Flooring- Tile, Flooring- Vinyl
    Exterior features
    Fenced- Full, Gutters & Downspouts, Landscape- Full, Trees, View Of Mountains, Work Shop
    Fencing
    Fenced, Full
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Standard status
    Active Under Contract
    APN
    206-25-023
    Size
    2,770 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1371

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air, Electric, Window Unit(s)

    Building Details

    Year built
    1916
    Number of units
    2
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Frame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Shane Peck
    Shane Peck

    Listing agent Shane Peck License #SA672242000

    Listing office Keller Williams Realty Phoenix 6400 Est Mcdowell Rd. Suite 160, Globe, AZ

    Listing date Apr 14, 2026

    MLS# 1806723 Listing URL

    Copyright © 2026 Globe/Miami MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High Rental Income Potential: Estimated annual rental income of $36,000 - $42,000.
    • Large Corner Lot: Situated on a nearly half‑acre corner lot.
    • Two Separate Units: Duplex with two units, each featuring 3 bedrooms and 2 bathrooms.
    • Separate Utilities: Each unit has separate gas and electric meters.
    • Updated Features: Unit A includes an updated guest bath with subway tile and penny mosaic flooring, plus in‑cabinet laundry.
    • Parking and Storage: Includes a 2‑car garage plus additional covered parking.

    Overview

    This duplex, located on Miami Gardens Road in Miami, AZ, presents a strong investment opportunity. Situated on a nearly half-acre corner lot, the property offers space and rental potential estimated between $36,000 and $42,000 annually. Each unit includes 3 bedrooms and 2 bathrooms, along with separate gas and electric meters. Unit A features a dine-in kitchen with ample counter space, in-cabinet laundry, and an updated guest bath with subway tile and penny mosaic flooring. The primary suite includes a private bath with a corner shower and a bonus office space. Cooling is provided via window units. Unit B features a bright living room, a formal dining area, and a guest bath with dual vanities and a private shower. The property includes a 2-car garage and additional covered parking. The large lot provides room for vehicles, toys, or future improvements. The property is suitable for living in one unit while renting the other or as a full investment property with room to grow. The property size is 2770 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Gila
    State
    Arizona
    Longitude
    -110.82826
    Latitude
    33.409643

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    FAQs

    What type of property is this?
    Duplex - Duplex with strong rental potential on a nearly half-acre lot.
    Where is this duplex located?
    The property is located at 5649 S Miami Gardens Dr Miami, AZ.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: High Rental Income Potential: Estimated annual rental income of $36,000 - $42,000.; Large Corner Lot: Situated on a nearly half‑acre corner lot.; Two Separate Units: Duplex with two units, each featuring 3 bedrooms and 2 bathrooms.
    (480) 248-5604
    We can help!
    Listing Contact
    Shane Peck
    Shane Peck
    Real Estate License ID: SA672242000
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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