6-Unit Apartment
New
For Sale
$1,899,000
435 SW 5th Ave, Miami, FL 33130
Individually metered electric service serves each residence in this multifamily property.
Property Size3,620 SF
Days on Market4
Property Features for 435 SW 5th Ave
General Information
Standard status
Active
Size
3,620 SF
Property subtype
Income/MultiFamily
Additional Details
Multifamily Units
6
Building Details
Building Size
3,620 SF
Year Built
1955
Buildings
1
Listing Agency:
Rejoice Realty Group, Inc.
Listed By:
Ana Valle · License #3118250
(305) 297-3637
Source:
Miamibrokersgroup
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 10:04AM
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 Rejoice Realty Group, Inc.
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Investment Insights
Based on property information with market context.
This 6-unit apartment building contains 3,620 square feet and was built in 1955. Each residence has its own electric meter, allowing electricity to be tracked separately by unit.
The property is at 435 SW 5th Ave in Miami, with access to Brickell, Downtown Miami, Coral Gables, Coconut Grove, Wynwood, and Miami beaches. Nearby dining, retail, entertainment, and business districts are also identified in the surrounding area.
The property is at 435 SW 5th Ave in Miami, with access to Brickell, Downtown Miami, Coral Gables, Coconut Grove, Wynwood, and Miami beaches. Nearby dining, retail, entertainment, and business districts are also identified in the surrounding area.
Key Highlights
- Six apartments in a 3,620‑square‑foot building
- Separate electric meter for each residence
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,874
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,480
$1.3M
Cap Rate 7%
$955,343
$955.3K
Cap Rate 9%
$743,044
$743.0K
Market Conditions
NOI Build-Up for 3,620 SF
Gross rent
$130.3K $36.00/SF
− Vacancy
−$8.7K −$2.41/SF
EGI
$121.6K $33.59/SF
− OpEx
−$54.7K −$15.11/SF
NOI
$66.9K $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%
$1,337,480
Cap Rate 7%
$955,343
Cap Rate 9%
$743,044
Alternative Uses
Best Use
Apartment 5plus
$955.3K
$835.9K – $1.11M
NOI $66,874 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.44M
$2.14M – $2.85M
NOI $171,047 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
9,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
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?
Apartment building - Individually metered electric service serves each residence in this multifamily property.
Where is this apartment building located?
The property is located at 435 SW 5th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Six apartments in a 3,620‑square‑foot building; Separate electric meter for each residence; Built in 1955
