Duplex with Income
For Sale
$560,000
6910 NW 5th Place, Miami, FL 33150
Well-located duplex offering income potential and convenient access.
Property Size1,584 SF
Price / SF$344.83
Days on Market172
Property Features for 6910 NW 5th Place
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,978
Building Details
Building Size
1,584 SF
Year Built
1940
Listing Agency:
Prime Realty of South Florida
(305) 987-2570
Listed By:
Danny Quintero · License #3201886
(305) 987-2570
Source:
Silverleafrealtygroup
Added: Mar 5
Changed: Aug 23
Last Checked: Aug 22 at 6:32AM
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 Prime Realty of South Florida
Investment Insights
Based on property information with market context.
This duplex presents an investment opportunity with two separate units located at 6910 & 6912 NW 5 Pl. Each unit features private entrances and functional layouts suitable for tenants or owner-occupants. The property offers income potential and flexibility, allowing for options such as living in one unit while renting the other, or renting both units for maximum return. The units provide living spaces and practical floor plans. On-site parking and outdoor space are available. The property is located near major highways, shopping centers, schools, and public transportation.
Key Highlights
- Duplex featuring two separate units (6910 & 6912 NW 5 Pl) for income potential.
- Live in one unit and rent the other, or rent both.
- Conveniently located near major highways, shopping, schools, and public transportation.
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
$32,570
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
5.82%
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%
$651,400
$651.4K
Cap Rate 7%
$465,286
$465.3K
Cap Rate 9%
$361,889
$361.9K
Market Conditions
NOI Build-Up for 1,624 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
$49.7K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$46.5K $28.65/SF
− OpEx
−$14.0K −$8.60/SF
NOI
$32.6K $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 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%
$651,400
Cap Rate 7%
$465,286
Cap Rate 9%
$361,889
Alternative Uses
Best Use
Multifamily LT 5
$465.3K
$407.1K – $542.8K
NOI $32,570 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$428.6K
$375.0K – $500.0K
NOI $30,001 @ 7.0% cap · market cap 5.36%
Theoretical Best
Specialty Retail
$1.10M
$959.2K – $1.28M
NOI $76,735 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-located duplex offering income potential and convenient access.
Where is this duplex located?
The property is located at 6910 NW 5th Place Miami, FL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Duplex featuring two separate units (6910 & 6912 NW 5 Pl) for income potential.; Live in one unit and rent the other, or rent both.; Conveniently located near major highways, shopping, schools, and public transportation.
