Duplex Residential Income
For Sale
$920,000
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 Market102
Property Features for 5151 N Miami Ave
General Information
Standard status
Active
Size
1,645 SF
Property subtype
Duplex
Site & Location
Neighborhood
Lemon City/Little Haiti
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: Oct 29
Last Checked: Oct 30 at 10:26PM
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.
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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 / Yr
$32,991
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
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
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 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 3.59%
Second Best
Apartment 5plus
$434.1K
$379.9K – $506.5K
NOI $30,389 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.11M
$971.6K – $1.30M
NOI $77,727 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
2,633
Businesses Nearby
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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 - 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 $920,000.
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
