Duplex Residential Income
For Sale
$980,000
5151 N Miami Ave, Miami, FL 33127
Duplex residential income property offered for sale at 5151 N Miami Ave, Miami, FL 33127.
Property Size1,645 SF
Price / SF$595.74
Days on Market10
Property Features for 5151 N Miami Ave
General Information
Standard status
Active
Size
1,645 SF
Property subtype
Duplex
Amenities
Features: Less Than 1/4 Acre Lot
Roof: Flat Tile, Shingle
Sewer: Public Sewer
Parcel Number: 01-31-24-012-0291, Tax Annual Amount: $14,301, Tax Exemptions: Tax Reflects No Homestead Exemption, Tax Legal Description: ALTA VISTA PB 6-4 N50FT OF LOTS 10 & 11 LESS W10FT OF LOT 10 BLK 3 LOT SIZE 50.000 X 100 OR 20832-4813 11 2002 1 COC 22220-1426 04 2004 1, Tax Year: 2025
Flooring: Ceramic Floor
Cooling: Electric
Heating: Electric
Rent Includes: Gardener, Standard Status: Active
Parking Total: 4
Living Area: 1645, Architectural Style: Other, Construction Materials: Concrete Block Construction, Stories: 1, Year Built: 1973, Year Built Details: Resale, Building Area Total: 1709, Building Name: ALTA VISTA, Structure Type: Duplex
County Or Parish: Miami-Dade County, MLS Area Major: Alta Vista, Subdivision Name: ALTA VISTA
Leasable Area Units: Square Feet
Units In Community: 3
Possession: Funding
Building Details
Year Built
1973
Listing Agency:
My Realty Group, LLC.
(786) 999-3558
Listed By:
Hugo Lopez Diaz · License #A11982609
(786) 999-3558
Source:
Riserealty
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 31 at 5:07AM
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 My Realty Group, LLC.
Investment Insights
Based on property information with market context.
This duplex residential income property is offered for sale. The asset is classified as a duplex and multifamily/residential income property, providing a two-unit configuration within a single property.
The property is located at 5151 N Miami Ave in Miami, Florida. While specific unit layouts, condition details, and income information are not provided, the offering is positioned for buyers seeking a duplex structure in the Miami market.
At this time, the available information is limited to the property type and offering details. Additional due diligence items such as floor plans, occupancy status, and operating history would be confirmed during the sales process.
The property is located at 5151 N Miami Ave in Miami, Florida. While specific unit layouts, condition details, and income information are not provided, the offering is positioned for buyers seeking a duplex structure in the Miami market.
At this time, the available information is limited to the property type and offering details. Additional due diligence items such as floor plans, occupancy status, and operating history would be confirmed during the sales process.
Key Highlights
- Duplex residential income property for sale at 5151 N Miami Ave, Miami, FL 33127
- Built in 1973
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.3k | $30.60 |
| − Vacancy | −$3.2k | −$1.95 |
| EGI | $47.1k | $28.65 |
| − OpEx | −$14.1k | −$8.60 |
| NOI | $33.0k | $20.06 |
1,645 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.3K
$412.4K – $549.9K
NOI $32,991 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$434.1K
$379.9K – $506.5K
NOI $30,389 @ 7.0% cap · market cap 3.10%
Theoretical Best
Specialty Retail
$1.11M
$971.6K – $1.30M
NOI $77,727 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,633
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?
Duplex - Duplex residential income property offered for sale at 5151 N Miami Ave, Miami, FL 33127.
Where is this duplex located?
The property is located at 5151 N Miami Ave Miami, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Duplex residential income property for sale at 5151 N Miami Ave, Miami, FL 33127; Built in 1973
