Duplex with In-Law
New
For Sale
$749,900
5015 SW 117th Ave, Miami, FL 33175
Residential Income, Miami, FL
Property Size2,487 SF
Price / SF$301.53
Days on Market2
Property Features for 5015 SW 117th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
0100
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3
Parking
5
Subdivision
WESTWOOD LAKE 4TH ADDN
Lot features
< 1/4 Acre
Directions
Use Google Map or just take SW 117 Ave to property.
Standard status
Active
APN
30-40-19-005-0420
Size
2,487 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WESTWOOD LAKE 4TH ADD PB 65-16 LOT 42 BLK 55 LOT SIZE 75.000 X 100 OR 10486-0631 0879 1
Tax Annual Amount
3376
Legal Description
WESTWOOD LAKE 4TH ADD PB 65-16 LOT 42 BLK 55 LOT SIZE 75.000 X 100 OR 10486-0631 0879 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1957
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
CBSConcreteBlockStructure, Block
Roof type
Shingle
Listing Agency:
Nelson Realty Services, Inc.
(305) 225-3001
Listed By:
Nelson Fernandez · License #0589239
(305) 298-3622
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 2 at 7:06PM
MLS# A12099126
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,487-square-foot duplex, built in 1957, is arranged with a four-bedroom, two-bathroom main side and a separate two-bedroom, one-bathroom area. The larger side includes a living room and a kitchen with dining space. Ceramic tile flooring, central air conditioning, a shingle roof, and concrete block construction are among the property’s features. Updating is needed.
The property is in Miami, with access to major highways and nearby shopping, dining, schools, and everyday services. A generous driveway provides on-site parking.
The property is in Miami, with access to major highways and nearby shopping, dining, schools, and everyday services. A generous driveway provides on-site parking.
Key Highlights
- 2,487‑square‑foot duplex with six bedrooms and three bathrooms
- Main side has 4 bedrooms, 2 bathrooms, a living room, and kitchen/dining area
- Separate 2‑bedroom, 1‑bathroom living area
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
$41,458
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
5.53%
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%
$829,160
$829.2K
Cap Rate 7%
$592,257
$592.3K
Cap Rate 9%
$460,644
$460.6K
Market Conditions
NOI Build-Up for 2,487 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
$62.7K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$59.2K $23.81/SF
− OpEx
−$17.8K −$7.14/SF
NOI
$41.5K $16.67/SF
Area
ZIP 33175
Vacancy
5.50%
Lease Rate
$25.20 /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%
$829,160
Cap Rate 7%
$592,257
Cap Rate 9%
$460,644
Alternative Uses
Best Use
Multifamily LT 5
$592.3K
$518.2K – $691.0K
NOI $41,458 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$534.6K
$467.8K – $623.7K
NOI $37,424 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,323 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 33175, FL
52,950
Population
17,787
Households
3
Avg Household Size
47
Median Age
31%
College-Educated
79%
High-School Grad
7.9 sq mi
ZIP Area
6,703
Density / Sq Mi
$79,711
Median Household Income
$40,159
Median Earnings
$1,943
Median Rent
$456,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - A separate two-bedroom living area offers additional space within the home.
Where is this duplex located?
The property is located at 5015 SW 117th Ave Miami, FL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2,487‑square‑foot duplex with six bedrooms and three bathrooms; Main side has 4 bedrooms, 2 bathrooms, a living room, and kitchen/dining area; Separate 2‑bedroom, 1‑bathroom living area
