Duplex
For Sale
$730,999
5181 Northwest 5th Street, Miami, FL 33126
No-HOA duplex near Miami International Airport, Little Havana, Coconut Grove, Brickell, shopping centers, banks, and expressways.
Property Size1,806 SF
Price / SF$404.76
Days on Market272
Property Features for 5181 Northwest 5th Street
General Information
Standard status
Active
Size
1,806 SF
Property subtype
Residential Income / Duplex
Property Condition
Severity
Repairs Needed
Evidence
Fixer upper
Taxes and HOA fees
Annual Taxes
$10,193
Building Details
Year Built
1959
Listing Agency:
International Unlimited Realty
Listed By:
Danett Marante · License #3027383
(786) 256-1526
Source:
Compass
Added: Jan 18
Changed: Oct 5
Last Checked: Oct 16 at 11:05AM
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 International Unlimited Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,806-square-foot duplex was built in 1959 and is identified as a fixer-upper. The property has no HOA, providing a straightforward ownership structure for an investor or buyer seeking a residential income property.
The address is near Miami International Airport, Little Havana, Coconut Grove, Brickell, shopping centers, banks, and expressways. Its duplex configuration and established Miami location support evaluation as a renovation project with rental use in mind.
The address is near Miami International Airport, Little Havana, Coconut Grove, Brickell, shopping centers, banks, and expressways. Its duplex configuration and established Miami location support evaluation as a renovation project with rental use in mind.
Key Highlights
- 1,806‑square‑foot duplex property
- Built in 1959
- Fixer‑upper condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,220
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,400
$724.4K
Cap Rate 7%
$517,429
$517.4K
Cap Rate 9%
$402,444
$402.4K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$55.3K $30.60/SF
− Vacancy
−$3.5K −$1.95/SF
EGI
$51.7K $28.65/SF
− OpEx
−$15.5K −$8.60/SF
NOI
$36.2K $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%
$724,400
Cap Rate 7%
$517,429
Cap Rate 9%
$402,444
Alternative Uses
Best Use
Multifamily LT 5
$517.4K
$452.8K – $603.7K
NOI $36,220 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$476.6K
$417.0K – $556.1K
NOI $33,363 @ 7.0% cap · market cap 4.56%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,334 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - No-HOA duplex near Miami International Airport, Little Havana, Coconut Grove, Brickell, shopping centers, banks, and expressways.
Where is this duplex located?
The property is located at 5181 Northwest 5th Street Miami, FL.
What is the asking price?
The asking price for this property is $730,999.
What are key features of this property?
This property features: 1,806‑square‑foot duplex property; Built in 1959; Fixer‑upper condition
