Income-Producing Duplex on Double Corner
For Sale
Under Contract
$600,000
6701-6703 NW 5TH Avenue, Miami, FL 33150
MULTI_FAMILY - MIAMI, FL
Property Size1,408 SF
Lot Size0.19 Acres
Price / SF$426.14
Days on Market129
Property Features for 6701-6703 NW 5TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
5700
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2
Parking features
Driveway, On Street, Off Street, Oversize
Window features
Blinds
Pets allowed
Yes
Interior features
Ceiling Fans(s), Solid Surface Counters, Stone Counters
Exterior features
Fence, Private Entrance, Private Mailbox, Private Yard, Sidewalk
Fencing
Fenced
Appliances
Microwave, Range, Refrigerator
Subdivision
07TH AVE HIGHLANDS
Lot features
Corner Lot, Landscaped, Oversized Lot, Sidewalk
Directions
From I-95 S take Exit 6A for NW 62nd St toward Dr Martin Luther King Jr Blvd continue for 0.2 miles, Then turn left onto NW 62nd St continuing for 331 ft, Then turn left onto NW 5th Ct (signs for I-95 N/Ft Lauderdale) continue for 308 ft, Keep right to stay on NW 5th Ct continuing for 0.2 miles, Turn right onto NW 67th St continuing for 315 ft, Turn left onto NW 5th Ave, Destination will be on the right
Standard status
Active Under Contract
APN
01-3113-024-2460
Size
1,408 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEVENTH AVE HIGHLANDS PB 14-13 LOTS 14 & 15 BLK 13 LOT SIZE 84.000 X 101 OR 13234-3376 0487 1 COC 23005-0854 01 2005 4
Tax Annual Amount
5869
Legal Description
SEVENTH AVE HIGHLANDS PB 14-13 LOTS 14 & 15 BLK 13 LOT SIZE 84.000 X 101 OR 13234-3376 0487 1 COC 23005-0854 01 2005 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Brianna Perez Montalvo · License #3564652
(407) 687-3837
Added: Mar 26
Changed: Jul 31
Last Checked: Aug 1 at 6:06AM
MLS# S5144443
Copyright © 2026 Stellar MLS. 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 income-producing duplex at 6701–6703 NW 5th Avenue offers two separate 2-bedroom, 1-bath units. Unit 1 (6701) features a bright, open living area with multiple windows, tile flooring, and a renovated kitchen with stainless steel appliances, white cabinetry, and quartz countertops with a full backsplash waterfall detail. The unit also includes built-in closets and a full bath with a single vanity and a shower/tub combo, with kitchen access to a large back patio area shared with Unit 2.
Unit 2 (6703) provides an open-concept living area with wood flooring, a renovated kitchen with granite countertops, a tile backsplash, and built-in storage in brown cabinetry, plus built-in closets and a full bath with a single vanity and shower/tub combo. Both units connect to the large back patio area.
Built in 1954 with block and stucco construction and served by central air, the property sits on a double corner lot with no HOA. The rear portion of the lot offers space to build an additional unit or a second duplex. Outdoors include a fenced yard, private entrances, and sidewalks. Parking includes a driveway, on-street and off-street spaces, with oversize parking noted. With public water and public sewer, the duplex is located just off I-95, with approximately 7 miles to Miami International Airport, 5 miles to Downtown Miami, and about 9 miles to Miami Beach.
Unit 2 (6703) provides an open-concept living area with wood flooring, a renovated kitchen with granite countertops, a tile backsplash, and built-in storage in brown cabinetry, plus built-in closets and a full bath with a single vanity and shower/tub combo. Both units connect to the large back patio area.
Built in 1954 with block and stucco construction and served by central air, the property sits on a double corner lot with no HOA. The rear portion of the lot offers space to build an additional unit or a second duplex. Outdoors include a fenced yard, private entrances, and sidewalks. Parking includes a driveway, on-street and off-street spaces, with oversize parking noted. With public water and public sewer, the duplex is located just off I-95, with approximately 7 miles to Miami International Airport, 5 miles to Downtown Miami, and about 9 miles to Miami Beach.
Key Highlights
- Two 2‑bedroom, 1‑bath units with kitchen access to a large shared back patio
- Double corner lot with no HOA, plus space to build an additional unit or second duplex on the rear portion
- Unit 1 renovated kitchen with stainless steel appliances, white cabinetry, and quartz countertops with waterfall backsplash detail
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 | $43.1k | $30.60 |
| − Vacancy | −$2.7k | −$1.95 |
| EGI | $40.3k | $28.65 |
| − OpEx | −$12.1k | −$8.60 |
| NOI | $28.2k | $20.06 |
1,408 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.4K
$353.0K – $470.6K
NOI $28,238 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$371.6K
$325.1K – $433.5K
NOI $26,011 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$950.4K
$831.6K – $1.11M
NOI $66,529 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 2-bed/1-bath units and no HOA on a double corner lot.
Where is this duplex located?
The property is located at 6701-6703 NW 5TH Avenue Miami, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units with kitchen access to a large shared back patio; Double corner lot with no HOA, plus space to build an additional unit or second duplex on the rear portion; Unit 1 renovated kitchen with stainless steel appliances, white cabinetry, and quartz countertops with waterfall backsplash detail
