Two-Unit Duplex with Separate
For Sale
$460,000
Pending
963 NE 5th Avenue, Homestead, FL 33030
One-story concrete-block property with four bedrooms, two bathrooms, and fenced outdoor space.
Property Size2,070 SF
Lot Size0.16 Acres
Days on Market65
Property Features for 963 NE 5th Avenue
General Information
Standard status
Pending
Size
2,070 SF
Lot size
0.16 Acres
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1984
Buildings
1
Stories
1
Construction
concrete block
Listing Agency:
A & G Team Realty, LLC
(786) 360-2755
Listed By:
Jose L Duran Menendez · License #3515656
(786) 409-8053
Source:
Lehmannflorida
Added: Aug 4
Changed: Oct 6
Last Checked: Oct 5 at 6:34PM
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 A & G Team Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1984, this one-story duplex contains two separate units with a combined layout of four bedrooms and two full bathrooms. The concrete-block structure includes tile flooring, central air conditioning, electric heat, and separate utility meters for each unit. Public water and sewer serve the property, while the fenced exterior provides defined outdoor space and parking for multiple vehicles.
The property is located near Downtown Homestead, shopping, restaurants, schools, parks, and major transportation routes. Its existing two-unit configuration supports rental use, multigenerational living, or an owner-occupant arrangement. The 6,850-square-foot lot and established residential improvements provide a practical foundation for future updates, subject to applicable requirements.
The property is located near Downtown Homestead, shopping, restaurants, schools, parks, and major transportation routes. Its existing two-unit configuration supports rental use, multigenerational living, or an owner-occupant arrangement. The 6,850-square-foot lot and established residential improvements provide a practical foundation for future updates, subject to applicable requirements.
Key Highlights
- Two separate residential units with four bedrooms and two full bathrooms
- Built in 1984 with concrete‑block construction
- Separate utility meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,506
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,120
$690.1K
Cap Rate 7%
$492,943
$492.9K
Cap Rate 9%
$383,400
$383.4K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$52.2K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$49.3K $23.81/SF
− OpEx
−$14.8K −$7.14/SF
NOI
$34.5K $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 Rate 5%
$690,120
Cap Rate 7%
$492,943
Cap Rate 9%
$383,400
Alternative Uses
Best Use
Multifamily LT 5
$492.9K
$431.3K – $575.1K
NOI $34,506 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$454.8K
$397.9K – $530.6K
NOI $31,835 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.05M
$918.9K – $1.23M
NOI $73,514 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,179
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
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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 - One-story concrete-block property with four bedrooms, two bathrooms, and fenced outdoor space.
Where is this duplex located?
The property is located at 963 NE 5th Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two separate residential units with four bedrooms and two full bathrooms; Built in 1984 with concrete‑block construction; Separate utility meters for each unit
