Two-Story Apartment
For Sale
Contact for pricing
1528 Southwest 5th Street, Miami, FL 33135
Fourteen-unit residential property with T4-L zoning and updated electrical service.
Property Size8,030 SF
Lot Size0.22 Acres
Price / SF$336.24
Days on Market80
Property Features for 1528 Southwest 5th Street
General Information
Standard status
Active
Size
8,030 SF
Lot size
0.22 Acres
Property subtype
Multifamily
Zoning
T4-L
Net Operating Income
$126,911
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
5 x studio, 10 x 1BR/1BA
Multifamily Units
14
Building Details
Year Built
1925
Buildings
1
Stories
2
Units
15
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Evan Kristol · License #FL SL640466
Source:
Crexi
Added: Aug 3
Changed: Oct 18
Last Checked: Oct 20 at 8:33PM
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 Marcus & Millichap - Fort Lauderdale
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story apartment building contains 14 residential units within approximately 8,030 square feet. Constructed in 1925, the property sits on a 0.22-acre lot and has updated electrical service. T4-L zoning supports the property’s existing apartment configuration.
Residents are responsible for electric service, while ownership covers water, sewer, and trash removal. The building is positioned on SW 5th Street between SW 12th Avenue and SW 17th Avenue, within a densely populated area located between Flagler Street and SW 8th Street. Those corridors provide nearby retail and commercial context, while the surrounding area includes access to major employment centers such as the Health District, Downtown Miami, Brickell, Port Miami, Coconut Grove, Coral Gables, and Miami International Airport.
Residents are responsible for electric service, while ownership covers water, sewer, and trash removal. The building is positioned on SW 5th Street between SW 12th Avenue and SW 17th Avenue, within a densely populated area located between Flagler Street and SW 8th Street. Those corridors provide nearby retail and commercial context, while the surrounding area includes access to major employment centers such as the Health District, Downtown Miami, Brickell, Port Miami, Coconut Grove, Coral Gables, and Miami International Airport.
Key Highlights
- 14‑unit, two‑story apartment building
- Approximately 8,030 SF of building area
- 0.22‑acre lot with T4‑L zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,341
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,966,820
$3.0M
Cap Rate 7%
$2,119,157
$2.1M
Cap Rate 9%
$1,648,233
$1.6M
Market Conditions
NOI Build-Up for 8,030 SF
Gross rent
$289.1K $36.00/SF
− Vacancy
−$19.4K −$2.41/SF
EGI
$269.7K $33.59/SF
− OpEx
−$121.4K −$15.11/SF
NOI
$148.3K $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%
$2,966,820
Cap Rate 7%
$2,119,157
Cap Rate 9%
$1,648,233
Alternative Uses
Best Use
Apartment 5plus
$2.12M
$1.85M – $2.47M
NOI $148,341 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.42M
$4.74M – $6.32M
NOI $379,421 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
14
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen-unit residential property with T4-L zoning and updated electrical service.
Where is this apartment building located?
The property is located at 1528 Southwest 5th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 14‑unit, two‑story apartment building; Approximately 8,030 SF of building area; 0.22‑acre lot with T4‑L zoning
