Duplex with Ancillary
For Sale
$995,000
5145 NW 5th Avenue, Miami, FL 33127
Two separate living units support flexible residential use with independent electric and water metering.
Property Size2,145 SF
Price / SF$463.87
Days on Market50
Property Features for 5145 NW 5th Avenue
General Information
Standard status
Active
Size
2,145 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
5700
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,921
Building Details
Building Size
2,145 SF
Year Built
1946
Stories
1
Listing Agency:
LoKation
Listed By:
Marsha E Edwards · License #3238169
(954) 806-0777
Source:
Laerrealty
Added: Sep 4
Changed: Oct 6
Last Checked: Oct 20 at 5:50PM
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
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Investment Insights
Based on property information with market context.
This 2,145-square-foot duplex, built in 1946, includes a four-bedroom, two-bath main residence and a separate one-bedroom, one-bath cottage identified as an ancillary unit. The two-part layout provides distinct living areas within one property, with separate electric and water meters serving the units.
Located at 5145 NW 5th Ave in Miami, the property offers access to the Miami Design District, Wynwood, Midtown, Downtown Miami, major highways, shopping, dining, Miami International Airport, and Miami Beach. Its West Buena Vista setting places multiple established Miami destinations within the surrounding area.
Located at 5145 NW 5th Ave in Miami, the property offers access to the Miami Design District, Wynwood, Midtown, Downtown Miami, major highways, shopping, dining, Miami International Airport, and Miami Beach. Its West Buena Vista setting places multiple established Miami destinations within the surrounding area.
Key Highlights
- 2,145‑square‑foot duplex built in 1946
- Main residence includes 4 bedrooms and 2 bathrooms
- Separate 1‑bedroom, 1‑bath ancillary cottage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,019
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,380
$860.4K
Cap Rate 7%
$614,557
$614.6K
Cap Rate 9%
$477,989
$478.0K
Market Conditions
NOI Build-Up for 2,145 SF
Gross rent
$65.6K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.5K $28.65/SF
− OpEx
−$18.4K −$8.60/SF
NOI
$43.0K $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 Rate 5%
$860,380
Cap Rate 7%
$614,557
Cap Rate 9%
$477,989
Alternative Uses
Best Use
Multifamily LT 5
$614.6K
$537.7K – $717.0K
NOI $43,019 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$566.1K
$495.3K – $660.4K
NOI $39,625 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,352 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,424
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living units support flexible residential use with independent electric and water metering.
Where is this duplex located?
The property is located at 5145 NW 5th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,145‑square‑foot duplex built in 1946; Main residence includes 4 bedrooms and 2 bathrooms; Separate 1‑bedroom, 1‑bath ancillary cottage
