Two-Unit Duplex with Fenced
5800 NE 3rd Ave Miami, FL 33137
New
For Sale
$719,000
MULTI_FAMILY - Miami, FL
Property Size1,540 SF
Price / SF$466.88
Days on Market4
Property Features for 5800 NE 3rd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking
4
Patio and Porch features
Patio
Exterior features
Fence, Fruit Trees, Patio
Fencing
Fenced
Standard status
Active
APN
01-31-13-065-1553
Size
1,540 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
DIXIE HIGHWAY TR PB 5-24 LOT 25 LESS N6FT BLK 10 LOT SIZE 50.000 X 94 OR 9977 929 0378 1 COC 25532-1800 25848-2030 0307 4 COC FINAL JUDGMENT
Tax Annual Amount
8734
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Flooring type
Terrazzo, Laminate
Building materials
Brick, Block
Roof type
Shingle
Listing Agency:
Douglas Elliman
(305) 677-5000
Listed By:
Joseph Azar · License #3375463
(305) 240-1202
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 30 at 7:06AM
MLS# A12060412
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.
Investment Insights
Based on property information with market context.
This two-unit duplex offers two separate 2-bedroom, 1-bath layouts. The property includes a washer/dryer closet and fenced carport parking for each unit, totaling four parking spaces. A brand-new roof has been installed, supporting a more turn-key exterior condition for a new owner.
Located at 5800 NE 3rd Ave in Miami (33137), the property is described as being about one block from Biscayne Blvd and within close proximity to Morningside Park, Buena Vista, and the Design District, with additional access described to Wynwood, Edgewater, and Midtown. Miami Beach is noted as a short drive away.
The current income is listed as $4,600 per month. The public remarks also state the property has previously been used for Airbnb, generating gross income previously reported at $10,000 per month.
Located at 5800 NE 3rd Ave in Miami (33137), the property is described as being about one block from Biscayne Blvd and within close proximity to Morningside Park, Buena Vista, and the Design District, with additional access described to Wynwood, Edgewater, and Midtown. Miami Beach is noted as a short drive away.
The current income is listed as $4,600 per month. The public remarks also state the property has previously been used for Airbnb, generating gross income previously reported at $10,000 per month.
Key Highlights
- Two‑unit duplex built in 1957: 2 bed/1 bath and 2 bed/1 bath
- Current income of $4,600 per month
- Brand new shingle roof
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 | $47.1k | $30.60 |
| − Vacancy | −$3.0k | −$1.95 |
| EGI | $44.1k | $28.65 |
| − OpEx | −$13.2k | −$8.60 |
| NOI | $30.9k | $20.06 |
1,540 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$441.2K
$386.1K – $514.8K
NOI $30,886 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$406.4K
$355.6K – $474.2K
NOI $28,449 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$1.04M
$909.6K – $1.21M
NOI $72,766 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two 2BR/1BA units with a brand-new roof, washer/dryer closet, and four parking spaces in a fenced carport setup.
Where is this duplex located?
The property is located at 5800 NE 3rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1957: 2 bed/1 bath and 2 bed/1 bath; Current income of $4,600 per month; Brand new shingle roof
