6-Unit Apartment
1143 SW 5th St, Miami, FL 33130
For Sale
New
$1,700,000
Each residence includes two bedrooms, one bathroom, central A/C, a balcony, and assigned parking.
Property Size4,793 SF
Days on Market5
Property Features for 1143 SW 5th St
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Central A/C
large balconies
assigned parking
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Avant International Realty, LLC
Listed By:
Stephen Ortiz · License FL #3266633
(786) 285-2070
Source:
Elliman
Added: Nov 6
Last Checked: Nov 10 at 9:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avant International Realty, LLC
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Investment Insights
Based on property information with market context.
This two-story apartment property contains six residences, each with two bedrooms and one bathroom across roughly 800 square feet. Built in 1987, the building offers central A/C, balconies, and assigned parking for each unit. The stated interior improvement opportunity is limited to touching up the units; no additional scope is specified.
The property is in Little Havana at 1143 SW 5th St. Calle 8, Marlins Park, Brickell, Downtown, Coconut Grove, and the Gables are identified as nearby destinations. Walk Score is 98, Transit Score is 89, and Bike Score is 80.
The property is in Little Havana at 1143 SW 5th St. Calle 8, Marlins Park, Brickell, Downtown, Coconut Grove, and the Gables are identified as nearby destinations. Walk Score is 98, Transit Score is 89, and Bike Score is 80.
Key Highlights
- Six apartments, each with 2 bedrooms and 1 bathroom
- Roughly 800 sqft per unit
- Two‑story building constructed in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,543
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,860
$1.8M
Cap Rate 7%
$1,264,900
$1.3M
Cap Rate 9%
$983,811
$983.8K
Market Conditions
NOI Build-Up for 4,793 SF
Gross rent
$172.5K $36.00/SF
− Vacancy
−$11.6K −$2.41/SF
EGI
$161.0K $33.59/SF
− OpEx
−$72.4K −$15.11/SF
NOI
$88.5K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,860
Cap Rate 7%
$1,264,900
Cap Rate 9%
$983,811
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.11M – $1.48M
NOI $88,543 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.24M
$2.83M – $3.77M
NOI $226,471 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,773
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Miami, FL
Properties on Market for Apartment buildings in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes two bedrooms, one bathroom, central A/C, a balcony, and assigned parking.
Where is this apartment building located?
The property is located at 1143 SW 5th St Miami, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Six apartments, each with 2 bedrooms and 1 bathroom; Roughly 800 sqft per unit; Two‑story building constructed in 1987
