Renovated Triplex with
For Sale
$1,085,000
5152 SW 6th Street, Miami, FL 33134
Three-unit rental property with separate entrances, in-unit laundry, parking, storage, and room for a future pool.
Property Size1,765 SF
Days on Market134
Property Features for 5152 SW 6th Street
General Information
Standard status
Active
Size
1,765 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$84,600
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,282
Amenities
in-unit laundry
boat space
storage
Building Details
Building Size
1,765 SF
Year Built
1951
Tenancy
Multi
Listing Agency:
Keller Williams Capital Realty
(305) 889-4075
Listed By:
Flavio Valladares · License #3626354
(305) 889-4075
Source:
Silverleafrealtygroup
Added: Apr 2
Changed: Aug 8
Last Checked: Aug 12 at 3:07PM
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 Keller Williams Capital Realty
Investment Insights
Based on property information with market context.
This three-unit residential property includes a renovated three-bedroom, two-bathroom main residence and two independent efficiencies. The units are fully rented, with the efficiencies offering private entrances and in-unit laundry. Improvements to the main residence include new flooring, updated electrical and plumbing systems, a new roof, and impact windows and doors.
Set on a corner lot in the Coral Gables area, the property provides ample parking, boat storage space, and additional storage. Laundry hookups are available for another installation. The backyard has room for a pool, and pool construction plans are included. The property was built in 1951, has no HOA, and is being offered as-is with the right to inspect. Tenants are in place.
Set on a corner lot in the Coral Gables area, the property provides ample parking, boat storage space, and additional storage. Laundry hookups are available for another installation. The backyard has room for a pool, and pool construction plans are included. The property was built in 1951, has no HOA, and is being offered as-is with the right to inspect. Tenants are in place.
Key Highlights
- Three‑unit configuration with a 3‑bedroom, 2‑bathroom main residence and two efficiencies
- Main residence renovated with new flooring, updated electrical and plumbing, and a new roof
- Impact windows and doors installed in the main residence
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
$35,398
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
3.26%
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%
$707,960
$708.0K
Cap Rate 7%
$505,686
$505.7K
Cap Rate 9%
$393,311
$393.3K
Market Conditions
NOI Build-Up for 1,765 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
$54.0K $30.60/SF
− Vacancy
−$3.4K −$1.95/SF
EGI
$50.6K $28.65/SF
− OpEx
−$15.2K −$8.60/SF
NOI
$35.4K $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%
$707,960
Cap Rate 7%
$505,686
Cap Rate 9%
$393,311
Alternative Uses
Best Use
Multifamily LT 5
$505.7K
$442.5K – $590.0K
NOI $35,398 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$465.8K
$407.6K – $543.4K
NOI $32,606 @ 7.0% cap · market cap 3.01%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,397 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,622
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
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?
Triplex - Three-unit rental property with separate entrances, in-unit laundry, parking, storage, and room for a future pool.
Where is this triplex located?
The property is located at 5152 SW 6th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,085,000.
What are key features of this property?
This property features: Three‑unit configuration with a 3‑bedroom, 2‑bathroom main residence and two efficiencies; Main residence renovated with new flooring, updated electrical and plumbing, and a new roof; Impact windows and doors installed in the main residence
