Updated Duplex with Two
For Sale
$549,900
69 NW 5th St, Homestead, FL 33030
Residential Income, Homestead, FL
Property Size1,752 SF
Price / SF$313.87
Days on Market33
Property Features for 69 NW 5th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
6300
Bedrooms
5
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking
4
Subdivision
R L MOSERS ADDN
Lot features
< 1/4 Acre
Standard status
Active
APN
10-78-13-013-0141
Size
1,752 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
R L MOSERS ADDN PB 1-142 LOT 17 LOT SIZE 50.000 X 130 OR 14575-2818 0690 1
Tax Annual Amount
5481
Legal Description
R L MOSERS ADDN PB 1-142 LOT 17 LOT SIZE 50.000 X 130 OR 14575-2818 0690 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1961
Floors in Building
1
Flooring type
Terrazzo
Building materials
Block
Roof type
Shingle
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Roylan Valdivia · License #3224891
(786) 752-1069
Added: Jul 28
Changed: Aug 27
Last Checked: Aug 29 at 11:06PM
MLS# A12026696
Copyright © 2026 Miami REALTORS®. 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 1,752-square-foot duplex contains two tenant-occupied residences: one with 3BR/1BA and another with 2BR/1BA. Recent improvements include a new shingle roof, renovated kitchens and bathrooms, plus fresh interior and exterior paint. Block construction, terrazzo flooring, central heating, ceiling fan cooling, and a 1961 construction date further define the property.
The property is located at 69 NW 5th St in Homestead, near Miami Dade College, Homestead Middle School, and Roby George Park. Public water and public sewer serve the building, with cable available.
The property is located at 69 NW 5th St in Homestead, near Miami Dade College, Homestead Middle School, and Roby George Park. Public water and public sewer serve the building, with cable available.
Key Highlights
- Two‑unit duplex totaling 1,752 square feet
- Unit mix includes 3BR/1BA and 2BR/1BA residences
- Both units are tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,205
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,100
$584.1K
Cap Rate 7%
$417,214
$417.2K
Cap Rate 9%
$324,500
$324.5K
Market Conditions
NOI Build-Up for 1,752 SF
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.
Gross rent
$44.2K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.7K $23.81/SF
− OpEx
−$12.5K −$7.14/SF
NOI
$29.2K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,100
Cap Rate 7%
$417,214
Cap Rate 9%
$324,500
Alternative Uses
Best Use
Multifamily LT 5
$417.2K
$365.1K – $486.8K
NOI $29,205 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$384.9K
$336.8K – $449.1K
NOI $26,945 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$888.9K
$777.8K – $1.04M
NOI $62,220 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
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 - Two occupied residences offer a renovated layout with separate three-bedroom and two-bedroom configurations.
Where is this duplex located?
The property is located at 69 NW 5th St Homestead, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,752 square feet; Unit mix includes 3BR/1BA and 2BR/1BA residences; Both units are tenant occupied
