Upgraded Duplex with Separate
For Sale
$740,000
9740 Northwest 5th Avenue, Miami, FL 33150
Two residential units offer distinct layouts, in-unit laundry, and individually metered water and electric service.
Property Size2,062 SF
Price / SF$358.87
Days on Market147
Property Features for 9740 Northwest 5th Avenue
General Information
Standard status
Active
Size
2,062 SF
Property subtype
Multi-Family Income / Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,900
Amenities
in-unit washer and dryer
Building Details
Year Built
2009
Listing Agency:
Century 21 King Realty
(305) 651-6161
Listed By:
Thays Del Valle Alvarez · License #3269689
(305) 651-6161
Source:
Compass
Added: Apr 8
Changed: Aug 31
Last Checked: Aug 29 at 6:02PM
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 Century 21 King Realty
Investment Insights
Based on property information with market context.
Built in 2009, this duplex contains two upgraded residential units totaling 2,062 square feet. The layouts include one three-bedroom, one-bathroom unit and one three-bedroom, two-bathroom unit. Each residence has its own washer and dryer, while separate water and electric meters support distinct utility service for the units.
The property is in Miami near Miami Shores, Barry University, major highways, shopping, and dining. Both units are described as move-in ready, providing a two-unit configuration suited to residential income use or owner occupancy with an additional residence on site.
The property is in Miami near Miami Shores, Barry University, major highways, shopping, and dining. Both units are described as move-in ready, providing a two-unit configuration suited to residential income use or owner occupancy with an additional residence on site.
Key Highlights
- Two‑unit duplex totaling 2,062 square feet
- Unit mix includes one 3‑bedroom, 1‑bathroom residence and one 3‑bedroom, 2‑bathroom residence
- Both units include in‑unit washer and dryer
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
$41,355
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
5.59%
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%
$827,100
$827.1K
Cap Rate 7%
$590,786
$590.8K
Cap Rate 9%
$459,500
$459.5K
Market Conditions
NOI Build-Up for 2,062 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
$63.1K $30.60/SF
− Vacancy
−$4.0K −$1.95/SF
EGI
$59.1K $28.65/SF
− OpEx
−$17.7K −$8.60/SF
NOI
$41.4K $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%
$827,100
Cap Rate 7%
$590,786
Cap Rate 9%
$459,500
Alternative Uses
Best Use
Multifamily LT 5
$590.8K
$516.9K – $689.3K
NOI $41,355 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$544.2K
$476.2K – $634.9K
NOI $38,092 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,430 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
956
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, in-unit laundry, and individually metered water and electric service.
Where is this duplex located?
The property is located at 9740 Northwest 5th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,062 square feet; Unit mix includes one 3‑bedroom, 1‑bathroom residence and one 3‑bedroom, 2‑bathroom residence; Both units include in‑unit washer and dryer
