Vacant Triplex with Two Attached
2054 SW 5th St Miami, FL 33135
New
For Sale
$895,000
Vacant triplex offers a 4-bed/3-bath main residence plus two attached 2-bed/1-bath units.
Property Size3,048 SF
Lot Size0.16 Acres
Price / SF$293.64
Days on Market3
Property Features for 2054 SW 5th St
General Information
- Standard status
- Active
- Size
- 3,048 SF
- Lot size
- 0.16 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1941
Listing Agency:
(786) 271-1503
Listed By:
Ivan Schertzer
(786) 271-1503
Source:
Elliman
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 4:22AM
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 Ivan Schertzer
Investment Insights
Based on property information with market context.
This vacant triplex includes a spacious main residence with four bedrooms and three bathrooms, along with two attached rental units. Each attached unit features two bedrooms and one bathroom. The property is improved with a tile roof, central A/C, and has on-site parking for residents.
Set in West Shenandoah in Miami, the property is described as minutes from Calle Ocho, Brickell, and downtown Miami. It also offers easy access to SR-836, Metrorail, and Miami International.
The building contains approximately 3,048 SF of living area on a 6,900 SF lot, and it is currently positioned for an owner-occupant or income-focused setup given the separate, attached unit configuration.
Set in West Shenandoah in Miami, the property is described as minutes from Calle Ocho, Brickell, and downtown Miami. It also offers easy access to SR-836, Metrorail, and Miami International.
The building contains approximately 3,048 SF of living area on a 6,900 SF lot, and it is currently positioned for an owner-occupant or income-focused setup given the separate, attached unit configuration.
Key Highlights
- Vacant triplex in West Shenandoah: 4‑bed/3‑bath main residence plus two attached 2‑bed/1‑bath units
- 3,048 SF living area on a 6,900 SF lot
- Central A/C and tile roof
Financial Insights For Multifamily LT 5
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 | $93.3k | $30.60 |
| − Vacancy | −$5.9k | −$1.95 |
| EGI | $87.3k | $28.65 |
| − OpEx | −$26.2k | −$8.60 |
| NOI | $61.1k | $20.06 |
3,048 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$873.3K
$764.1K – $1.02M
NOI $61,129 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$804.4K
$703.8K – $938.5K
NOI $56,307 @ 7.0% cap · market cap 6.29%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,019 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Vacant triplex offers a 4-bed/3-bath main residence plus two attached 2-bed/1-bath units.
Where is this triplex located?
The property is located at 2054 SW 5th St Miami, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Vacant triplex in West Shenandoah: 4‑bed/3‑bath main residence plus two attached 2‑bed/1‑bath units; 3,048 SF living area on a 6,900 SF lot; Central A/C and tile roof
