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Railway Shops, 5028 NW 3rd Ave
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OFF MARKET
$799,000
1,183
SqFtStatus
OFF MARKETExpired
Size
1,183 SqFt (110 m2)
Price
$675/SqFt ($7,270/m2)
Type
Multifamily
Built
1924
MLS Number
A11855894
On Site
402 Days
Updated
349 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
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
08/09/2025
Listed
$799K
$675 ft2
$7,270 m2
08/09/2025
$799K
Event
Listed
Price Per
$675 ft2
$7,270 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Christopher Johnson • Johnson's Homes • Buyer Agency Compensation .
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Scores
73
100
48
100
65
100
72
100
0
100
36
100
1
100
Community Snapshot
2 – 5 BR
Bedrooms
$590K – $3.2M
Price Tier
804 - 6,000
SqFt Range
1949
Year Build
1
Total Floors
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