1068 NW 5th St Miami, FL 33128
Remodeled 8-unit property with central A/C and impact windows.
Property Features for 1068 NW 5th St
General Information
- Standard status
- Active
- Size
- 4,480 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1924
Listing office Binter Real Estate (305) 733-8184
Listing date Feb 10, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey 8‑unit investment property.
- Completely remodeled with central A/C and impact windows.
- 40 Year Certification recently completed.
Local Financial Insights For Apartment 5plus
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 | $161.3k | $36.00 |
| − Vacancy | −$10.8k | −$2.41 |
| EGI | $150.5k | $33.59 |
| − OpEx | −$67.7k | −$15.11 |
| NOI | $82.8k | $18.47 |
