$549,999
PENDING $100K PRICE DROP

Estimated payment $3,600/month

Total Views 1,890
7 Beds
4 Baths
2,244 Sq Ft
$245 Price per Sq Ft

Highlights

  • 0.31 Acre Lot
  • Central Heating and Cooling System
  • Wood Siding
  • No HOA

About This Home

Incredible Investment Opportunity! Oversized Triplex on Massive Lot in Prime Miami – High Rental Potential with NO HOA!
This is a rare chance to secure a versatile, income-producing triplex on one of the largest lots in the neighborhood—perfect for a cash buyer investor looking for long-term returns or a multi-use setup with endless potential. Located on a quiet street in one of Miami’s fastest-developing areas, this property offers both immediate functionality and room to grow.
Situated on a fully fenced, lushly landscaped lot, this unique setup features two large buildings divided into three separate units, each with its own private entrance, individual electric meters, and separate water meters. Previously used as an assisted living facility, the layout is ideal for multi-generational living, long-term rentals, or repurposing for specialized residential care. One unit has been beautifully renovated, showcasing luxury vinyl plank flooring, solid wood cabinets, white countertops, and a modern bathroom with marble-look tile, rainfall showerhead, and upgraded vanity. The other two units are clean and fully functional, with light cosmetic updates offering the opportunity to maximize rental income quickly.
Outside, the expansive lot features a long, wide driveway with ample off-street parking, vibrant landscaping, and tons of space for lounging, storage, gardening, or even future additions. There's plenty of street parking, and the layout provides flexibility to expand or further optimize the property. Major capital improvements are already done: new roofs installed on all buildings in 2018, and A/C replaced the same year. Electrical and plumbing are in solid working order, giving you a reliable foundation to build on.
Zoned for flexibility and with NO HOA restrictions, this is the ideal property for a cash investor looking to add value, generate immediate income, or hold as a long-term appreciating asset. The location is just minutes from downtown, the airport, restaurants, and retail—offering both quiet residential appeal and easy access to Miami’s core. Whether you’re buying to rent, expand, or customize for multi-family or specialty use, this property checks every box.
Schedule your showing today and secure a rare, cash-flow-ready asset in the heart of Miami.

Listing Agent

Ronald Ryder

RICHARD PETERS REALTY LLC License #3593068 Listed on: 07/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,322

Year Built

  • Built in 1947

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x135

Home Design

  • 2,244 Sq Ft Home
  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • 3 Buildings
  • 3 Units
  • 07Th Ave Highlands Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,322

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Stucco, Wood Siding
  • Fireplace: No
  • Living Area: 2244
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 1947
  • Lot Size Sq Ft: 13500
  • Directions to Property: Continue on SR?112 East past I-95, still on the toll road for approximately 7 miles Take exit NW?7th Ave / NW?2nd Ave (a local exit after passing I-95). Continue north on NW?7th Ave until you reach NW?5th Ct. Make a left onto NW?5th Court, then drive a short block to 6951 NW?5th Ct (on your left).
  • Status: Pending
  • Street Direction: NW
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 716160941
  • RATIO Current Price By Calculate: 245.10
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Other
  • Foundation Details: Slab
  • Total Bedrooms: 7
  • Street Number Modifier: 6951
  • Living Area Meters: 208.47

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt, Concrete
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Other
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric, Ductless
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: 5700
  • Parcel Number: 01-3113-024-0270
  • Additional Parcels: No
  • Lot Dimensions: 100x135
  • Flood Zone Code: AH,X
  • Lot Size Square Meters: 1254

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 3
  • Total Num Buildings: 3
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 7321.62
  • Tax Block: 3
  • Tax Book Number: 14-13
  • Tax Lot: 16

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 Pending -- -- --
08/18/2025 08/18/25 Price Changed $549,999 -7.3% $245 / Sq Ft
08/12/2025 08/12/25 Price Changed $592,999 0.0% $264 / Sq Ft
08/12/2025 08/12/25 For Sale $592,999 -2.0% $264 / Sq Ft
07/18/2025 07/18/25 Pending -- -- --
07/18/2025 07/18/25 Price Changed $604,999 -6.2% $270 / Sq Ft
07/14/2025 07/14/25 Price Changed $644,999 -0.8% $287 / Sq Ft
07/10/2025 07/10/25 For Sale $649,999 -- $290 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: TB8405925

Stellar MLS