Duplex With Separate Utility
For Sale
$995,000
5145 NW 5th Ave, Miami, FL 33127
Residential Income, Miami, FL
Property Size2,145 SF
Price / SF$463.87
Days on Market49
Property Features for 5145 NW 5th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
5
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 4
Parking
3
Subdivision
RAILWAY SHOPS ADDN 2ND AM
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-24-013-3470
Size
2,145 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
RAILWY SHOPS ADD 2ND AMD PB 3-183 LOT 1 BLK 19 LOT SIZE SITE VALUE
Tax Annual Amount
9921
Legal Description
RAILWY SHOPS ADD 2ND AMD PB 3-183 LOT 1 BLK 19 LOT SIZE SITE VALUE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Electric, Central Air
Building Details
Year built
1946
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic
Building materials
Frame, Stucco
Roof type
Shingle
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Marsha Edwards · License #3238169
(954) 806-0777
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 20 at 6:06PM
MLS# A12082255
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.
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Investment Insights
Based on property information with market context.
This 2,145-square-foot duplex property includes a four-bedroom, two-bath primary home and a one-bedroom, one-bath ancillary cottage. Separate electric and water meters serve the two living spaces. The improvements date to 1946 and feature frame and stucco construction, ceramic tile and laminate flooring, central heating, central air, ceiling fans, and a shingle roof. Public sewer is available.
Situated in Miami’s West Buena Vista area, the property offers access to the Miami Design District, Wynwood, Midtown, Downtown Miami, Miami International Airport, Miami Beach, major highways, shopping, and dining. The layout supports occupancy across two distinct residences within one property.
Situated in Miami’s West Buena Vista area, the property offers access to the Miami Design District, Wynwood, Midtown, Downtown Miami, Miami International Airport, Miami Beach, major highways, shopping, and dining. The layout supports occupancy across two distinct residences within one property.
Key Highlights
- 2,145‑square‑foot duplex property with a four‑bedroom, two‑bath primary home
- One‑bedroom, one‑bath ancillary cottage included
- Separate electric and water meters for the two living spaces
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.
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Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A primary residence is paired with a smaller ancillary cottage for flexible occupancy.
Where is this duplex located?
The property is located at 5145 NW 5th Ave 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 property with a four‑bedroom, two‑bath primary home; One‑bedroom, one‑bath ancillary cottage included; Separate electric and water meters for the two living spaces
