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
Price / SF$324.08
Days on Market10
Property Features for 5254 NW 2ND Terrace
General Information
Standard status
Active
Size
2,126 SF
Property subtype
Duplex
Amenities
Acres: 0.16, Square Feet: 6950, Features: Less Than 1/4 Acre Lot, Less Than 1 Acre, Fenced
Roof: Comp Shingle Roof, Shingle
Fencing: Fenced
Sewer: Public Sewer, Public Sanitation, Sewer
Parcel Number: 01-41-06-018-1500, Tax Annual Amount: $10,328, Tax Exemptions: Tax Reflects No Homestead Exemption, Tax Legal Description: FLAGLER GROVE ESTATES EXTEN PB 8-98 LOT 180 LOT SIZE 50.000 X 139 COC 22293-3616 04 2004 4, Tax Year: 2025
Flooring: Other
Cooling: Attic Fan, Central Individual A/C
Heating: Central Individual A/C, Central
Number Of Units Total: 2, Standard Status: Active
Middle Or Junior School: Kinlock Park, High School: South Miami
Living Area: 2126, Architectural Style: Twin Home, Half Duplex, One Story, Twin Homes, Construction Materials: Concrete Block Construction, CBS Construction, Stories: 1, Year Built: 1953, Year Built Details: Resale, Building Area Total: 2247, Structure Type: Duplex
County Or Parish: Miami-Dade County, MLS Area Major: Flagler Grove Estates Exte, Subdivision Name: FLAGLER GROVE ESTATES EXTE
Leasable Area Units: Square Feet, Property Attached
Units In Community: 2
Utilities: No Utilities, Other Utilities Available, None, Other
Possession: Other
Tenant Pays: Common Area Maintenance
Water Source: Public
Features: None
Building Details
Year Built
1953
Listing Agency:
Compass Florida LLC
(954) 257-0657
Listed By:
Joanna Levin · License #A11982609
(954) 257-0657
Source:
Riserealty
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 31 at 5:43AM
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.1k | $30.60 |
| − Vacancy | −$4.1k | −$1.95 |
| EGI | $60.9k | $28.65 |
| − OpEx | −$18.3k | −$8.60 |
| NOI | $42.6k | $20.06 |
2,126 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
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
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
