Income-Producing Duplex with Corner
6701 NW 5th Ave Miami, FL 33150
For Sale
Contact for pricing
Two-unit duplex with renovated kitchens and direct access to a large shared back patio on a double corner lot.
Property Size1,408 SF
Price / SF$426.14
Days on Market121
Property Features for 6701 NW 5th Ave
General Information
- Standard status
- Active
- Size
- 1,408 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1954
Listing Agency:
EXP Realty LLC
(786) 208-5216
Listed By:
Zuleyna Romero · License #3518882
Source:
Crexi
Added: Mar 26
Changed: Jul 20
Last Checked: Jul 23 at 9:52AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This income-producing duplex offers two separate 2-bedroom, 1-bath units on a double corner lot with no HOA. Unit 6701 features tile floors and a renovated kitchen, along with large bedrooms with built-in closets and a shower/tub combo bathroom. Unit 6703 features wood floors and a renovated kitchen, and also includes large bedrooms with built-in closets and a shower/tub combo bathroom. Both units provide access to a large back patio area that is shared.
The property is centrally located and offers proximity to I-95 for access to major areas, including approximately 7 miles to Miami International Airport, 5 miles to Downtown Miami, and about 9 miles to Miami Beach. The corner positioning provides added privacy and additional space for potential future expansion.
As listed, there is ample space to build an additional unit or a second duplex on the site, supporting flexible development possibilities while maintaining the existing two-unit configuration.
The property is centrally located and offers proximity to I-95 for access to major areas, including approximately 7 miles to Miami International Airport, 5 miles to Downtown Miami, and about 9 miles to Miami Beach. The corner positioning provides added privacy and additional space for potential future expansion.
As listed, there is ample space to build an additional unit or a second duplex on the site, supporting flexible development possibilities while maintaining the existing two-unit configuration.
Key Highlights
- Income‑producing duplex built in 1954 with no HOA
- Double corner lot with space for potential expansion, including adding an additional unit or second duplex
- Unit 6701: 2 bed/1 bath with tile floors and a renovated kitchen
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 | $43.1k | $30.60 |
| − Vacancy | −$2.7k | −$1.95 |
| EGI | $40.3k | $28.65 |
| − OpEx | −$12.1k | −$8.60 |
| NOI | $28.2k | $20.06 |
1,408 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.4K
$353.0K – $470.6K
NOI $28,238 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$371.6K
$325.1K – $433.5K
NOI $26,011 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$950.4K
$831.6K – $1.11M
NOI $66,529 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with renovated kitchens and direct access to a large shared back patio on a double corner lot.
Where is this duplex located?
The property is located at 6701 NW 5th Ave Miami, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1954 with no HOA; Double corner lot with space for potential expansion, including adding an additional unit or second duplex; Unit 6701: 2 bed/1 bath with tile floors and a renovated kitchen
