6951 NW 5th Ct Miami, FL 33150
Little River NeighborhoodEstimated payment $3,600/month
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.
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
- Visit Down Payment Resource Website
- Legal Lot and Block 16 / 3
- Assessor Parcel Number 01-3113-024-0270
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: TB8405925

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