Fenced Duplex With Separate
For Sale
$975,000
5504 NW 3rd Ave, Miami, FL 33127
Residential Income, Miami, FL
Property Size2,233 SF
Price / SF$436.63
Days on Market48
Property Features for 5504 NW 3rd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
8
Full bathrooms
5
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 8
Parking
4
Subdivision
BUENA VISTA GARDENS
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-13-042-2120
Size
2,233 SF
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
BUENA VISTA GARDENS PB 5-45 LOT 6 BLK 12 LOT SIZE 50.000 X 125 COC 26274-4692 02 2008 6
Tax Annual Amount
9685
Legal Description
BUENA VISTA GARDENS PB 5-45 LOT 6 BLK 12 LOT SIZE 50.000 X 125 COC 26274-4692 02 2008 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
laundry facilities
fenced/gated property
Building Details
Year built
1930
Floors in Building
2
Flooring type
Tile, Laminate
Building materials
Frame, Stucco
Roof type
Shingle
Buildings
2
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Marsha Edwards · License #3238169
(954) 806-0777
Added: Sep 14
Changed: Oct 24
Last Checked: Oct 31 at 9:06AM
MLS# A12088467
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.
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 2,233-square-foot duplex property at 5504 NW 3rd Ave includes a four-bedroom, two-bathroom single-family house and a separate apartment building containing two two-bedroom, one-bathroom units. The fully fenced and gated site has off-street parking, landscaping, and laundry facilities for each unit. Construction includes frame and stucco, with tile and laminate flooring, central heating, central air, and a shingle roof replaced in 2025.
The property is in Miami’s West Buena Vista and Little Haiti area, with access to Wynwood, the Miami Design District, Miami International Airport, the Cruise Port, Miami Arena, and UM Jackson. Utilities include two electric meters, one water meter, cable availability, and public sewer service.
The property is in Miami’s West Buena Vista and Little Haiti area, with access to Wynwood, the Miami Design District, Miami International Airport, the Cruise Port, Miami Arena, and UM Jackson. Utilities include two electric meters, one water meter, cable availability, and public sewer service.
Key Highlights
- 2,233‑square‑foot duplex property with a main house and separate apartment building
- Main residence includes 4 bedrooms and 2 bathrooms
- Separate apartment building has two 2‑bedroom, 1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,784
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,680
$895.7K
Cap Rate 7%
$639,771
$639.8K
Cap Rate 9%
$497,600
$497.6K
Market Conditions
NOI Build-Up for 2,233 SF
Gross rent
$68.3K $30.60/SF
− Vacancy
−$4.4K −$1.95/SF
EGI
$64.0K $28.65/SF
− OpEx
−$19.2K −$8.60/SF
NOI
$44.8K $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%
$895,680
Cap Rate 7%
$639,771
Cap Rate 9%
$497,600
Alternative Uses
Best Use
Multifamily LT 5
$639.8K
$559.8K – $746.4K
NOI $44,784 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$589.3K
$515.6K – $687.5K
NOI $41,251 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,510 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,646
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property combines a single-family residence with a separate apartment building and two electric meters.
Where is this duplex located?
The property is located at 5504 NW 3rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,233‑square‑foot duplex property with a main house and separate apartment building; Main residence includes 4 bedrooms and 2 bathrooms; Separate apartment building has two 2‑bedroom, 1‑bathroom units
