Duplex with New
For Sale
$720,000
5859 NW 13th Ave, Miami, FL 33142
Two three-bedroom units include appliances, laundry hookups, dedicated parking, and current occupancy.
Property Size2,300 SF
Price / SF$313.04
Days on Market61
Property Features for 5859 NW 13th Ave
General Information
Standard status
Active
Size
2,300 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$7,692
Amenities
washer and dryer hookups
metal shutters protection
Building Details
Building Size
2,300 SF
Year Built
2006
Listing Agency:
Miami New Realty
Listed By:
Oswaldo Sanchez Robleno · License #3398163
(305) 485-3100
Source:
Casacollectiongroup
Added: Aug 14
Changed: Oct 1
Last Checked: Oct 11 at 2:06PM
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 Miami New Realty
Investment Insights
Based on property information with market context.
Built in 2006, this 2,300-square-foot duplex contains two separate three-bedroom, two-bathroom units, totaling six bedrooms and four bathrooms. Each unit includes kitchen space with a refrigerator, electric range, and microwave, along with washer and dryer hookups. A new roof was installed in 2025, and the property has metal shutters.
The property includes four parking spaces, with two assigned to each unit, plus additional street parking. Both units are currently rented. Located at 5859 NW 13th Avenue in Miami, Florida, the duplex carries zoning designation 3901.
The property includes four parking spaces, with two assigned to each unit, plus additional street parking. Both units are currently rented. Located at 5859 NW 13th Avenue in Miami, Florida, the duplex carries zoning designation 3901.
Key Highlights
- Two‑unit duplex with 6 bedrooms and 4 bathrooms
- Each unit offers 3 bedrooms and 2 bathrooms
- 2,300 SF property built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,128
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,560
$922.6K
Cap Rate 7%
$658,971
$659.0K
Cap Rate 9%
$512,533
$512.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$70.4K $30.60/SF
− Vacancy
−$4.5K −$1.95/SF
EGI
$65.9K $28.65/SF
− OpEx
−$19.8K −$8.60/SF
NOI
$46.1K $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%
$922,560
Cap Rate 7%
$658,971
Cap Rate 9%
$512,533
Alternative Uses
Best Use
Multifamily LT 5
$659.0K
$576.6K – $768.8K
NOI $46,128 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$607.0K
$531.1K – $708.2K
NOI $42,489 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,676 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units include appliances, laundry hookups, dedicated parking, and current occupancy.
Where is this duplex located?
The property is located at 5859 NW 13th Ave Miami, FL.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑unit duplex with 6 bedrooms and 4 bathrooms; Each unit offers 3 bedrooms and 2 bathrooms; 2,300 SF property built in 2006
