5800 Northeast 3rd Avenue Miami, FL 33137
Two-unit duplex near Biscayne Blvd with new roof.
Property Features for 5800 Northeast 3rd Avenue
General Information
- Standard status
- Active
- Size
- 1,540 SF
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1957
Listing office Douglas Elliman (305) 240-1202
Listing date Dec 3, 2025
Source Compass
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 Douglas Elliman
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Location: Steps to Morningside Park, Buena Vista, Design District; minutes to Wynwood, Edgewater & Midtown Miami; short drive to Miami Beach.
- Income‑Generating Duplex: Two units (2 bed/1 bath each) with current income of $4600 per month.
- New Roof: Features a brand new roof.
Local 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 |
