Duplex with Additional
For Sale
$679,000
Pending
3675 Northwest 5th Street, Miami, FL 33125
Tenant-occupied two-unit property with an extra efficiency and established long-term tenancy.
Property Size1,970 SF
Days on Market200
Property Features for 3675 Northwest 5th Street
General Information
Standard status
Pending
Size
1,970 SF
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$8,973
Building Details
Year Built
1960
Listing Agency:
Keller Williams Capital Realty
Listed By:
Wendy Read · License #3164003
(305) 662-7325
Source:
Compass
Added: Apr 1
Changed: Oct 12
Last Checked: Oct 16 at 10:24AM
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 Keller Williams Capital Realty
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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 1,970-square-foot duplex includes an additional efficiency and was built in 1960. The property is currently tenant-occupied, with long-term tenants in place across the existing configuration.
Located at 3675 Northwest 5th Street in Miami, the property is near transportation, shopping, and major roadways. Its duplex layout and added efficiency provide a defined residential income-property configuration.
Located at 3675 Northwest 5th Street in Miami, the property is near transportation, shopping, and major roadways. Its duplex layout and added efficiency provide a defined residential income-property configuration.
Key Highlights
- Duplex with additional efficiency
- 1,970 square feet of property size
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,509
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,180
$790.2K
Cap Rate 7%
$564,414
$564.4K
Cap Rate 9%
$438,989
$439.0K
Market Conditions
NOI Build-Up for 1,970 SF
Gross rent
$60.3K $30.60/SF
− Vacancy
−$3.8K −$1.95/SF
EGI
$56.4K $28.65/SF
− OpEx
−$16.9K −$8.60/SF
NOI
$39.5K $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%
$790,180
Cap Rate 7%
$564,414
Cap Rate 9%
$438,989
Alternative Uses
Best Use
Multifamily LT 5
$564.4K
$493.9K – $658.5K
NOI $39,509 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$519.9K
$454.9K – $606.6K
NOI $36,393 @ 7.0% cap · market cap 5.36%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,083 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,100
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied two-unit property with an extra efficiency and established long-term tenancy.
Where is this duplex located?
The property is located at 3675 Northwest 5th Street Miami, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Duplex with additional efficiency; 1,970 square feet of property size; Built in 1960
