Duplex With Additional
For Sale
Contact for pricing
Pending
3675 NW 5th St, Miami, FL 33125
Tenant-occupied income property with separate electric metering and an extra efficiency unit.
Property Size2,045 SF
Days on Market153
Property Features for 3675 NW 5th St
General Information
Standard status
Pending
Size
2,045 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
5700
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Building Details
Year Built
1960
Listing Agency:
Keller Williams Capital Realty
(305) 773-5935
Listed By:
Wendy Read · License #3164003
Source:
Crexi
Added: Apr 2
Changed: Aug 31
Last Checked: Aug 31 at 2:25AM
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
Investment Insights
Based on property information with market context.
This 2,045 SF duplex property, built in 1960, includes an additional efficiency unit. The asset is occupied by tenants, with long-term tenancy in place. Two separate FPL meters serve the property, supporting distinct electric metering for the units.
Located at 3675 NW 5th St in Miami, the property is positioned near transportation, shopping, and major roadways. The property is identified under zoning code 5700.
Located at 3675 NW 5th St in Miami, the property is positioned near transportation, shopping, and major roadways. The property is identified under zoning code 5700.
Key Highlights
- Duplex property with an additional efficiency unit
- 2,045 SF property built in 1960
- Tenant‑occupied with long‑term tenants in place
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
$41,014
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
5.74%
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%
$820,280
$820.3K
Cap Rate 7%
$585,914
$585.9K
Cap Rate 9%
$455,711
$455.7K
Market Conditions
NOI Build-Up for 2,045 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
$62.6K $30.60/SF
− Vacancy
−$4.0K −$1.95/SF
EGI
$58.6K $28.65/SF
− OpEx
−$17.6K −$8.60/SF
NOI
$41.0K $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%
$820,280
Cap Rate 7%
$585,914
Cap Rate 9%
$455,711
Alternative Uses
Best Use
Multifamily LT 5
$585.9K
$512.7K – $683.6K
NOI $41,014 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$539.7K
$472.2K – $629.6K
NOI $37,778 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,627 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,380
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied income property with separate electric metering and an extra efficiency unit.
Where is this duplex located?
The property is located at 3675 NW 5th St Miami, FL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Duplex property with an additional efficiency unit; 2,045 SF property built in 1960; Tenant‑occupied with long‑term tenants in place
