Residential Income
For Sale
$689,000
5254 NW 2ND Terrace, Miami, FL 33126
Duplex-style residential income property offered for sale in Miami.
Property Size2,126 SF
Days on Market55
Property Features for 5254 NW 2ND Terrace
General Information
Standard status
Active
Size
2,126 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,328
Building Details
Building Size
2,126 SF
Year Built
1953
Listing Agency:
Compass Florida LLC
Listed By:
Joanna Levin · License #3372532
(954) 257-0657
Source:
Miamibrokersgroup
Added: Jul 23
Changed: Sep 12
Last Checked: Sep 14 at 8:54AM
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
This duplex-style residential income property is being offered for sale. The property size is listed as 2,126 square feet.
The address for the property is 5254 NW 2ND Terrace, Miami, FL 33126.
For buyers or brokers seeking a residential income asset in the Miami market, this duplex configuration provides a straightforward residential income setup based on the information provided.
The address for the property is 5254 NW 2ND Terrace, Miami, FL 33126.
For buyers or brokers seeking a residential income asset in the Miami market, this duplex configuration provides a straightforward residential income setup based on the information provided.
Key Highlights
- Duplex‑style residential income property for sale in Miami
- Built in 1953
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
$42,638
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
6.19%
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%
$852,760
$852.8K
Cap Rate 7%
$609,114
$609.1K
Cap Rate 9%
$473,756
$473.8K
Market Conditions
NOI Build-Up for 2,126 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
$65.1K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$60.9K $28.65/SF
− OpEx
−$18.3K −$8.60/SF
NOI
$42.6K $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%
$852,760
Cap Rate 7%
$609,114
Cap Rate 9%
$473,756
Alternative Uses
Best Use
Multifamily LT 5
$609.1K
$533.0K – $710.6K
NOI $42,638 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$561.1K
$490.9K – $654.6K
NOI $39,274 @ 7.0% cap · market cap 5.70%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.67M
NOI $100,454 @ 7.0% cap · market cap 14.58%
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
2,251
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
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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-style residential income property offered for sale in Miami.
Where is this duplex located?
The property is located at 5254 NW 2ND Terrace Miami, FL.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Duplex‑style residential income property for sale in Miami; Built in 1953
