Updated Duplex with Two
For Sale
Contact for pricing
69 NW 5th St, Homestead, FL 33030
Two occupied residences offer distinct bedroom layouts and refreshed interiors.
Property Size1,896 SF
Price / SF$290.03
Days on Market96
Property Features for 69 NW 5th St
General Information
Standard status
Active
Size
1,896 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
6300
Financials
Gross Income
$52,800
Average Monthly Rent
$2,200
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1961
Tenancy
Multi
Listing Agency:
United Realty Group Inc
(786) 752-1069
Listed By:
Jose Nardo · License #3557472
Source:
Crexi
Added: May 29
Changed: Aug 30
Last Checked: Aug 31 at 11:33PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This duplex contains 1,896 square feet with two separate residences: one configured with three bedrooms and one bathroom, and the other with two bedrooms and one bathroom. Both units are tenant occupied. Recent improvements include a new roof, renovated kitchens and bathrooms, plus updated interior and exterior paint.
The property is located at 69 NW 5th St in Homestead, Florida, near Miami Dade College, Homestead Middle School, and Roby George Park. The recorded zoning designation is 6300, and the building was constructed in 1961.
The property is located at 69 NW 5th St in Homestead, Florida, near Miami Dade College, Homestead Middle School, and Roby George Park. The recorded zoning designation is 6300, and the building was constructed in 1961.
Key Highlights
- 1,896‑square‑foot duplex with two separate residences
- One 3BR/1BA unit and one 2BR/1BA unit
- Both units are tenant occupied
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
$31,606
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
5.75%
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%
$632,120
$632.1K
Cap Rate 7%
$451,514
$451.5K
Cap Rate 9%
$351,178
$351.2K
Market Conditions
NOI Build-Up for 1,896 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
$47.8K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$45.2K $23.81/SF
− OpEx
−$13.5K −$7.14/SF
NOI
$31.6K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$632,120
Cap Rate 7%
$451,514
Cap Rate 9%
$351,178
Alternative Uses
Best Use
Multifamily LT 5
$451.5K
$395.1K – $526.8K
NOI $31,606 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$416.6K
$364.5K – $486.0K
NOI $29,159 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$961.9K
$841.7K – $1.12M
NOI $67,334 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
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 - Two occupied residences offer distinct bedroom layouts and refreshed interiors.
Where is this duplex located?
The property is located at 69 NW 5th St Homestead, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1,896‑square‑foot duplex with two separate residences; One 3BR/1BA unit and one 2BR/1BA unit; Both units are tenant occupied
