17-Unit Urban Apartment
For Sale
Contact for pricing
5440 N Miami Ave, Miami, FL 33127
Fully occupied multifamily property with studio and one-bedroom units across three buildings on a half-acre site.
Property Size7,296 SF
Lot Size0.50 Acres
Price / SF$411.18
Days on Market154
Property Features for 5440 N Miami Ave
General Information
Standard status
Active
Size
7,296 SF
Lot size
0.50 Acres
Property subtype
Multifamily
Zoning
T4-R (Residential Urban)
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$158,767
Units
Unit Mix
13 x studio, 4 x 1BR
Multifamily Units
17
Building Details
Year Built
1951
Year Renovated
1990
Buildings
3
Units
17
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Miami, Florida
Listed By:
Virgilio Fernandez · License #SL3397219
(305) 613-4507
Source:
Crexi
Added: May 21
Changed: Oct 18
Last Checked: Oct 20 at 8:39PM
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 Cushman & Wakefield - Miami, Florida
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Investment Insights
Based on property information with market context.
This multifamily property includes 17 units distributed among three buildings at 5440, 5430, and 5500 N Miami Ave. The unit mix consists of 13 studios and 4 one-bedroom apartments, with 7,296 square feet of building area and 100% occupancy. The buildings were constructed in 1951 and renovated in 1990.
The property occupies 0.5 acres in Miami’s T4-R (Residential Urban) zoning district. The addresses are located along N Miami Ave in Miami, Florida, providing a consolidated three-building configuration within an established urban residential setting.
The property occupies 0.5 acres in Miami’s T4-R (Residential Urban) zoning district. The addresses are located along N Miami Ave in Miami, Florida, providing a consolidated three-building configuration within an established urban residential setting.
Key Highlights
- 17 units across three buildings at 5440, 5430, and 5500 N Miami Ave
- Unit mix includes 13 studios and 4 one‑bedroom units
- 7,296 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,782
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,695,640
$2.7M
Cap Rate 7%
$1,925,457
$1.9M
Cap Rate 9%
$1,497,578
$1.5M
Market Conditions
NOI Build-Up for 7,296 SF
Gross rent
$262.7K $36.00/SF
− Vacancy
−$17.6K −$2.41/SF
EGI
$245.1K $33.59/SF
− OpEx
−$110.3K −$15.11/SF
NOI
$134.8K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,695,640
Cap Rate 7%
$1,925,457
Cap Rate 9%
$1,497,578
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.68M – $2.25M
NOI $134,782 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.92M
$4.31M – $5.75M
NOI $344,739 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
2,569
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with studio and one-bedroom units across three buildings on a half-acre site.
Where is this apartment building located?
The property is located at 5440 N Miami Ave Miami, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 17 units across three buildings at 5440, 5430, and 5500 N Miami Ave; Unit mix includes 13 studios and 4 one‑bedroom units; 7,296 square feet of building area
