980 Southwest 5th Street Miami, FL 33130
Two adjacent apartment buildings offer 21 rental units with off-street parking for 16 cars and mixed wall units and central air.
Property Features for 980 Southwest 5th Street
General Information
- Standard status
- Active
- Size
- 13,810 SF
- Property subtype
- Multifamily
Listing office Marcus & Millichap - Fort Lauderdale
Listing date Jul 9, 2026
Source Crexi
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
The La France Apartments are located on the corner of SW 5th Street and SW 10th Avenue, with 980 SW 5th Street immediately to the east. The property is in a dense rental market area south of Flagler Street and north of SW 8th Street, with surrounding development that includes low- and medium-density apartment buildings and single-family homes.
Tenants are responsible for electric, while the owner pays for water, sewer, and trash removal. The property is zoned T4-R and sits on a site just over half an acre.
Key Highlights
- Two adjacent apartment buildings total 21 units on a 0.52‑acre site.
- Unit mix: 17 one‑bed/one‑bath units averaging 636 SF, plus 4 two‑bed/one‑bath units at 748 SF.
- Off‑street parking for 16 cars on‑site.
Local Financial Insights For Apartment 5plus
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 | $497.2k | $36.00 |
| − Vacancy | −$33.3k | −$2.41 |
| EGI | $463.9k | $33.59 |
| − OpEx | −$208.7k | −$15.11 |
| NOI | $255.1k | $18.47 |
