Renovated Duplex in Prime
For Sale
Contact for pricing
5710 SW 3rd St, Miami, FL 33144
Well-maintained duplex with immediate income potential in desirable area.
Property Size1,296 SF
Price / SF$652.01
Days on Market164
Property Features for 5710 SW 3rd St
General Information
Standard status
Active
Size
1,296 SF
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
4801
Building Details
Year Built
1956
Listing Agency:
Abner Realty, Inc
(786) 683-5144
Listed By:
Pamela Suarez · License #3239933
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 8 at 6:39AM
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 Abner Realty, Inc
Investment Insights
Based on property information with market context.
This well-maintained and renovated duplex is located in a highly desirable area. The property features a newer tile roof and accordion shutters throughout. The front unit includes 2 bedrooms and 1 bathroom, while the rear unit offers 1 bedroom and 1 bathroom. The property, with a size of 1296 square feet, is fully fenced and includes a private backyard and ample front parking. Both units are currently rented on a month-to-month basis, providing immediate income. On-site laundry adds tenant convenience. The property has a septic system. This duplex is an ideal opportunity for investors or owner-users seeking income in a premium location.
Key Highlights
- Premium duplex in a prime, highly desirable location
- Fully legal duplex offering immediate rental income
- Newer tile roof and accordion shutters throughout
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
$25,992
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
3.08%
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%
$519,840
$519.8K
Cap Rate 7%
$371,314
$371.3K
Cap Rate 9%
$288,800
$288.8K
Market Conditions
NOI Build-Up for 1,296 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
$39.7K $30.60/SF
− Vacancy
−$2.5K −$1.95/SF
EGI
$37.1K $28.65/SF
− OpEx
−$11.1K −$8.60/SF
NOI
$26.0K $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%
$519,840
Cap Rate 7%
$371,314
Cap Rate 9%
$288,800
Alternative Uses
Best Use
Multifamily LT 5
$371.3K
$324.9K – $433.2K
NOI $25,992 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$342.0K
$299.3K – $399.0K
NOI $23,942 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$874.8K
$765.5K – $1.02M
NOI $61,237 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,692
Businesses Nearby
Explore this area
Business Placement
Demographics for 33144, FL
25,814
Population
9,665
Households
2.7
Avg Household Size
48
Median Age
28%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
8,327
Density / Sq Mi
$59,207
Median Household Income
$35,051
Median Earnings
$1,730
Median Rent
$440,600
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 - Well-maintained duplex with immediate income potential in desirable area.
Where is this duplex located?
The property is located at 5710 SW 3rd St Miami, FL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Premium duplex in a prime, highly desirable location; Fully legal duplex offering immediate rental income; Newer tile roof and accordion shutters throughout
