Four-Unit Quadplex with Private
For Sale
$3,375,000
5130-5140 Northwest 5th Avenue, Miami, FL 33127
New construction offers furnished townhome-style units with private pools near Wynwood.
Property Size5,800 SF
Price / SF$581.90
Days on Market192
Property Features for 5130-5140 Northwest 5th Avenue
General Information
Standard status
Active
Size
5,800 SF
Property subtype
Multi-Family Income / Fourplex
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$20,900
Amenities
private pools
Building Details
Year Built
2023
Buildings
2
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Alfred Vargas · License #3391195
(954) 545-5583
Source:
Compass
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 2:58PM
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 LoKation
Investment Insights
Based on property information with market context.
Completed in 2023, this 5,800-square-foot quadplex comprises two duplex buildings with four townhome-style units. Each residence includes three bedrooms, 2.5 bathrooms, a private pool, contemporary finishes, and furnishings. The configuration provides a consistent residential layout across the property while supporting both furnished and traditional rental operations.
The property is located at 5130-5140 Northwest 5th Avenue in Miami, Florida 33127, near Wynwood. Its newer construction, fully furnished interiors, and private outdoor amenities define the asset’s physical offering. The four-unit arrangement provides a straightforward multifamily configuration for an owner seeking multiple residential units within one property.
The property is located at 5130-5140 Northwest 5th Avenue in Miami, Florida 33127, near Wynwood. Its newer construction, fully furnished interiors, and private outdoor amenities define the asset’s physical offering. The four-unit arrangement provides a straightforward multifamily configuration for an owner seeking multiple residential units within one property.
Key Highlights
- 5,800‑square‑foot quadplex completed in 2023
- Two duplex buildings containing 4 units
- Each unit offers 3 bedrooms and 2.5 bathrooms
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
$116,322
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
3.45%
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%
$2,326,440
$2.3M
Cap Rate 7%
$1,661,743
$1.7M
Cap Rate 9%
$1,292,467
$1.3M
Market Conditions
NOI Build-Up for 5,800 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
$177.5K $30.60/SF
− Vacancy
−$11.3K −$1.95/SF
EGI
$166.2K $28.65/SF
− OpEx
−$49.9K −$8.60/SF
NOI
$116.3K $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%
$2,326,440
Cap Rate 7%
$1,661,743
Cap Rate 9%
$1,292,467
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.94M
NOI $116,322 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,146 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$3.92M
$3.43M – $4.57M
NOI $274,053 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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?
Quadplex - New construction offers furnished townhome-style units with private pools near Wynwood.
Where is this quadplex located?
The property is located at 5130-5140 Northwest 5th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: 5,800‑square‑foot quadplex completed in 2023; Two duplex buildings containing 4 units; Each unit offers 3 bedrooms and 2.5 bathrooms
