Duplex Residential Income
For Sale
$945,000
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
Days on Market56
Property Features for 5151 N Miami Ave
General Information
Standard status
Active
Size
1,645 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$14,301
Building Details
Building Size
1,645 SF
Year Built
1973
Listing Agency:
My Realty Group, LLC.
Listed By:
Hugo Lopez Diaz · License #3309360
(786) 999-3558
Source:
Relinkre
Added: Jul 22
Changed: Sep 9
Last Checked: Sep 14 at 9:52AM
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
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
$32,991
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
3.49%
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%
$659,820
$659.8K
Cap Rate 7%
$471,300
$471.3K
Cap Rate 9%
$366,567
$366.6K
Market Conditions
NOI Build-Up for 1,645 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
$50.3K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$47.1K $28.65/SF
− OpEx
−$14.1K −$8.60/SF
NOI
$33.0K $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 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%
$659,820
Cap Rate 7%
$471,300
Cap Rate 9%
$366,567
Alternative Uses
Best Use
Multifamily LT 5
$471.3K
$412.4K – $549.9K
NOI $32,991 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$434.1K
$379.9K – $506.5K
NOI $30,389 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$1.11M
$971.6K – $1.30M
NOI $77,727 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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 $945,000.
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
