Tenant-Occupied
For Sale
$1,050,000
1853 NW 5th Street, Miami, FL 33125
Two duplex buildings occupy one lot with separate electric metering and a mix of central and wall-mounted air conditioning.
Property Size2,996 SF
Days on Market50
Property Features for 1853 NW 5th Street
General Information
Standard status
Active
Size
2,996 SF
Property subtype
Quadruplex
Zoning
T3-O
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,251
Building Details
Building Size
2,996 SF
Year Built
1925
Buildings
2
Listing Agency:
LoKation
Listed By:
Hilda Gonzalez · License #3272938
(954) 865-4560
Source:
Silverleafrealtygroup
Added: Sep 2
Changed: Oct 20
Last Checked: Oct 21 at 5:29AM
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 LoKation
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Investment Insights
Based on property information with market context.
This fully occupied fourplex comprises two separate duplex buildings on one lot. The front structure uses concrete block construction and central A/C, while the rear building is frame construction with wall A/C units. The property has 4 separate electric meters, 1 water meter, T3-O zoning, and a 4-5 ft. chain-link fence. A 40-year recertification has been completed, and the buildings date to 1925.
The property is located at 1853 NW 5th Street in Miami, FL 33125, one block from loanDepot park. Downtown Miami and Miami International Airport are approximately 10 minutes away, with access to restaurants, shopping, entertainment, and major roads.
The property is located at 1853 NW 5th Street in Miami, FL 33125, one block from loanDepot park. Downtown Miami and Miami International Airport are approximately 10 minutes away, with access to restaurants, shopping, entertainment, and major roads.
Key Highlights
- Fourplex with two separate duplex buildings on one lot
- Fully tenant‑occupied
- 40‑year recertification completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,086
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,201,720
$1.2M
Cap Rate 7%
$858,371
$858.4K
Cap Rate 9%
$667,622
$667.6K
Market Conditions
NOI Build-Up for 2,996 SF
Gross rent
$91.7K $30.60/SF
− Vacancy
−$5.8K −$1.95/SF
EGI
$85.8K $28.65/SF
− OpEx
−$25.8K −$8.60/SF
NOI
$60.1K $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 Rate 5%
$1,201,720
Cap Rate 7%
$858,371
Cap Rate 9%
$667,622
Alternative Uses
Best Use
Multifamily LT 5
$858.4K
$751.1K – $1.00M
NOI $60,086 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$790.7K
$691.8K – $922.4K
NOI $55,346 @ 7.0% cap · market cap 5.27%
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,562 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplex buildings occupy one lot with separate electric metering and a mix of central and wall-mounted air conditioning.
Where is this quadplex located?
The property is located at 1853 NW 5th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fourplex with two separate duplex buildings on one lot; Fully tenant‑occupied; 40‑year recertification completed
