Two-Unit Block Duplex
For Sale
$1,850,000
5204 N Miami Ave, Miami, FL 33127
Residential Income, Miami, FL
Property Size2,943 SF
Price / SF$628.61
Days on Market82
Property Features for 5204 N Miami Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
3901
Bedrooms
7
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 3, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1
Parking
3
Subdivision
RAILWAY SHOPS ADDN 2ND AM
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-24-013-0780
Size
2,943 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
RAILWAY SHOPS ADDN 2ND AMD PB 3-183 LOT 24 LESS E10FT BLK 4 LOT SIZE 49.910 X 144 OR 11967-279 1183 1
Tax Annual Amount
20602
Legal Description
RAILWAY SHOPS ADDN 2ND AMD PB 3-183 LOT 24 LESS E10FT BLK 4 LOT SIZE 49.910 X 144 OR 11967-279 1183 1
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
Borque Group Realty, LLC.
(305) 699-3073
Listed By:
Hilal Borque · License #3256299
(305) 300-2794
Added: Jul 18
Changed: Sep 15
Last Checked: Oct 7 at 10:06PM
MLS# A12012030
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex property at 5204 N Miami Ave in Miami contains 2,943 square feet and was constructed in 1964. Block construction, ceramic tile flooring, shingle roofing, and window or wall-mounted cooling are among the existing improvements. The property is served by public water and public sewer.
T-commercial zoning supports retail, office, and service-based uses in addition to the existing residential configuration. The site sits along N Miami Ave in the Little Haiti/Little River corridor, with restaurants, creative businesses, and new projects in the surrounding area. The Design District, Wynwood, Midtown, and major transit routes are identified nearby in the property information.
T-commercial zoning supports retail, office, and service-based uses in addition to the existing residential configuration. The site sits along N Miami Ave in the Little Haiti/Little River corridor, with restaurants, creative businesses, and new projects in the surrounding area. The Design District, Wynwood, Midtown, and major transit routes are identified nearby in the property information.
Key Highlights
- 2,943‑square‑foot two‑unit duplex property
- T‑commercial zoning supports retail, office, and service‑based uses
- Block construction with ceramic tile flooring and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,528
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,390,560
$1.4M
Cap Rate 7%
$993,257
$993.3K
Cap Rate 9%
$772,533
$772.5K
Market Conditions
NOI Build-Up for 2,943 SF
Gross rent
$123.6K $42.00/SF
− Vacancy
−$12.4K −$4.20/SF
EGI
$111.2K $37.80/SF
− OpEx
−$41.7K −$14.18/SF
NOI
$69.5K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,390,560
Cap Rate 7%
$993,257
Cap Rate 9%
$772,533
Alternative Uses
Best Use
Mixed Use
$993.3K
$869.1K – $1.16M
NOI $69,528 @ 7.0% cap · market cap 3.76%
Second Best
Multifamily LT 5
$843.2K
$737.8K – $983.7K
NOI $59,023 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,058 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Ceramic tile, public utilities, and window or wall-mounted cooling serve the 1964 building.
Where is this duplex located?
The property is located at 5204 N Miami Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 2,943‑square‑foot two‑unit duplex property; T‑commercial zoning supports retail, office, and service‑based uses; Block construction with ceramic tile flooring and shingle roof
