5028 NW 3rd Ave, Miami FL 33127 | Miami-Dade County | A11855894

$799,000

Description

This well-maintained income-producing triplex is located just minutes from Wynwood, Design District, and Midtown. The property consists of:
• Front Unit: Spacious 2-bedroom, 1-bath, currently rented for $2,700/month
• Rear Unit A: Large 1-bedroom, 1-bath, currently rented for $1,750/month
• Rear Unit B: Large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent
Current Monthly Income: $4,450 (with upside potential once vacant unit is rented)
Pro Forma Income: $6,200+ per month when fully leased at market rates
The building features separate entrances for each unit, plenty of natural light, and a private yard. Situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.

Address

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Address: 3rd Ave
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33127
Area: RAILWAY SHOPS ADDN 2ND AM

Details

Updated on September 30, 2025 at 9:53 pm

Property ID A11855894
Price $799,000
Property Size 1183 Square Feet
Year Built 1924
Type Triplex
Property Status Residential Income

Additional details

ArchitecturalStyle Detached
BuildingAreaTotal 1720
BuildingAreaUnits Square Feet
BuildingName RAILWAY SHOPS ADDN 2ND AM
ConstructionMaterials Concrete Block Construction, Frame
ContractStatusChangeDate 2025-08-09
Cooling Central Air
DaysOnMarket 45
DocumentsAvailable Appraisal
ExpirationDate 2026-08-07
Flooring Wood
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-575-9040
ListAgentEmail info@johnsonbuys.com
ListAgentFullName Christopher Johnson
ListAgentKey 109db55e57f15165465a0bf3313dfeb9
ListAgentMlsId 3248478
ListAgentOfficePhone 305-575-9040
ListAgentStateLicense 3248478
ListOfficeKey eb4f004ec1b50096cd024f0b4719182e
ListOfficeMlsId JNHS01
ListOfficeName Johnson's Homes
ListOfficePhone 305-575-9040
ListingAgreement Exclusive Right To Sell
ListingContractDate 2025-08-09
ListingKey eb1046a842eb65071cadf7e24c5d4c38
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Railway Shops Addn 2nd Am
MajorChangeTimestamp September 30, 2025 at 07:37pm
MajorChangeType Back On Market
MlsStatus Active
ModificationTimestamp September 30, 2025 at 07:42pm
NumberOfUnitsInCommunity 3
NumberOfUnitsTotal 3
OnMarketDate 2025-08-09
OriginalEntryTimestamp August 9, 2025 at 06:15pm
OriginalListPrice 799000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-24-013-4390
ParkingTotal 5
PhotosChangeTimestamp September 30, 2025 at 07:42pm
PhotosCount 7
PostalCodePlus4 2131
PriceChangeTimestamp August 9, 2025 at 06:15pm
PublicSurveyRange 31
PublicSurveySection 24
PublicSurveyTownship 31
RentIncludes Electricity
Roof Concrete
Sewer Public Sewer
ShowingInstructions 24 Hour Notice
SourceSystemKey 419069129
StateOrProvince FL
StatusChangeTimestamp September 30, 2025 at 07:37pm
Stories 2
StoriesTotal 2
StreetDirPrefix NW
StreetName 3rd Ave
StreetNumber 5028
StreetNumberNumeric 5028
StructureType Triplex
SyndicationRemarks This well-maintained income-producing triplex is located just minutes from Wynwood, Design District, and Midtown. The property consists of: • Front Unit: Spacious 2-bedroom, 1-bath, currently rented for $2, 700/month • Rear Unit A: Large 1-bedroom, 1-bath, currently rented for $1, 750/month • Rear Unit B: Large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent Current Monthly Income: $4, 450 (with upside potential once vacant unit is rented) Pro Forma Income: $6, 200+ per month when fully leased at market rates The building features separate entrances for each unit, plenty of natural light, and a private yard. Situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.
TaxAnnualAmount 5898
TaxLegalDescription RAILWY SHOPS ADD 2ND AMD PB 3-183 S47.9FT LOTS 14 & 15 BLK 23 LOT SIZE 47.900 X 110 OR 17107-2536 0296 4
TaxYear 2024
YearBuiltDetails Resale
Zoning 5700