New - 3 days 4 hrs ago

Railway Shops, 5028 NW 3rd Ave, Miami, FL 33127

1,183SqFt

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Details

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Status:
Active
Size: 1,183 SqFt (110 m2)
Price: $675/SqFt ($7,270/m2)
Type: Multi Family
Built: 1924
MLS Number: A11855894
On Site: 3 Days
Updated: 3 Days ago
Page Views: 0
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.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Hardwood,Wood
        • Year Built: 1924
        • Year Built Description: Resale
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-08-09T14:15:31.000-00:00
          Taxes, Fees & More
          • Taxes: 5898

          Price History

          08/09/2025

          Date

          Listed

          Event

          $799K

          Price

          $675 ft2 / $7,270 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Christopher JohnsonJohnson's Homes • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $300/ft²
          $600/ft²
          $800/ft²

          Unit 5028 NW 3rd Ave – Asking

          $675/ft²

          (+59%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $426/ft²
          Community $/Price Range (Closed) $284/ft² – $640/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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