Duplex with Private Carport
For Sale
$514,000
5731 NW 6th Ave, Miami, FL 33127
Two-unit duplex featuring two central A/C units and a shared laundry room.
Property Size1,410 SF
Price / SF$364.54
Days on Market160
Property Features for 5731 NW 6th Ave
General Information
Standard status
Active
Size
1,410 SF
Zoning
T3-0
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
Lexico Realty Inc
Listed By:
Alejandro Patino · License #3264284
(954) 328-6498
Source:
Chenoregroup
Added: Apr 2
Changed: Sep 8
Last Checked: Sep 8 at 4:00AM
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 Lexico Realty Inc
Investment Insights
Based on property information with market context.
This duplex consists of two separate residences totaling four bedrooms and two bathrooms, with tile flooring throughout. The layout includes an open-concept design and modern kitchen finishes. Both units are served by central A/C, and there is a laundry room on site. Each residence has its own water heater, and there are two private storage areas, one per unit.
Unit 5731 is a 2-bedroom, 1-bath configuration with a modern kitchen and newer appliances and is leased month-to-month. Unit 5733 is also a 2-bedroom, 1-bath home with a private entrance and carport parking.
The property includes two private yards, two separate fenced parking areas, and an aluminum modular fence, supporting practical day-to-day use. The duplex is listed as T3-0 duplexes zoning. Off-street parking is available for multiple cars or work trucks, and the listing notes convenient highway access and an approximate 15-minute commute to many Miami destinations.
Unit 5731 is a 2-bedroom, 1-bath configuration with a modern kitchen and newer appliances and is leased month-to-month. Unit 5733 is also a 2-bedroom, 1-bath home with a private entrance and carport parking.
The property includes two private yards, two separate fenced parking areas, and an aluminum modular fence, supporting practical day-to-day use. The duplex is listed as T3-0 duplexes zoning. Off-street parking is available for multiple cars or work trucks, and the listing notes convenient highway access and an approximate 15-minute commute to many Miami destinations.
Key Highlights
- 1954‑built 2‑unit duplex in Buena Vista with 4 bedrooms and 2 bathrooms total (Unit 5731 and Unit 5733, each 2BR/1BA)
- Two central A/C units plus a shared laundry room
- Unit 5731 (leased MTM) offers a modern kitchen with newer appliances and custom cabinetry
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
$28,278
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
5.50%
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%
$565,560
$565.6K
Cap Rate 7%
$403,971
$404.0K
Cap Rate 9%
$314,200
$314.2K
Market Conditions
NOI Build-Up for 1,410 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
$43.1K $30.60/SF
− Vacancy
−$2.7K −$1.95/SF
EGI
$40.4K $28.65/SF
− OpEx
−$12.1K −$8.60/SF
NOI
$28.3K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /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%
$565,560
Cap Rate 7%
$403,971
Cap Rate 9%
$314,200
Alternative Uses
Best Use
Multifamily LT 5
$404.0K
$353.5K – $471.3K
NOI $28,278 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$372.1K
$325.6K – $434.1K
NOI $26,047 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$951.8K
$832.8K – $1.11M
NOI $66,623 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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-unit duplex featuring two central A/C units and a shared laundry room.
Where is this duplex located?
The property is located at 5731 NW 6th Ave Miami, FL.
What is the asking price?
The asking price for this property is $514,000.
What are key features of this property?
This property features: 1954‑built 2‑unit duplex in Buena Vista with 4 bedrooms and 2 bathrooms total (Unit 5731 and Unit 5733, each 2BR/1BA); Two central A/C units plus a shared laundry room; Unit 5731 (leased MTM) offers a modern kitchen with newer appliances and custom cabinetry
