Railway Shops, 5028 NW 3rd Ave
OFF MARKET
Beds
1,183
SqFt$675
$/SqFtMid-Tier MultifamilyProperty Type
1924Year Built
$675/SqFtPrice per sq ft
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.
Listing Courtesy Of: Johnson's Homes
Local Realty Services Provided By: Best of Luxury Realty
On Site: 449 DaysUpdated: 397 Days agoPage Views: 0
Features
MLS Number: A11855894
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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Community Snapshot
2 – 5 BR
Bedrooms
$590K – $3.2M
Price Tier
804 - 6,000
SqFt Range
1950
Year Build
1
Total Floors
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- Waterbury House0
- Woodcrest House1
- Wyndwood Park Mixed25
- Yacht Harbour Condo2
- YotelPad Miami Condo25
Ultra Luxury
Ultra Luxury86
- 1600 South Bayshore Ln Condo0
- Aqua Marine Mixed3
- Asia Condo12
- Aston Martin Residences Condo6
- Banks House0
- Bay Crest House5
- Bay Heights House3
- Bay Homes House1
- Bay Point House6
- Bayshore Villas House0
- Beacon Harbour Condo0
- Belle Meade Island House2
- Biscayne Island House5
- Biscayne Park Terrace House0
- Bonita Park House0
- Brickell Flatiron Condo32
- Broadmoor Plaza Land3
- Camner Gables House0
- Club Residences At Park Grove Condo5
- Coco Grove House1
- Coconut Grove Park House3
- Crystal Bluff House1
- De Hedouvilles House1
- Douglas Circle House3
- East Utopia House0
- Echo Brickell Condo30
- Eleda House0
- Elysee Condo7
- Enchanted Grove Townhouse0
- Entrada House0
- Espanola Heights House3
- Ewanton Heights House0
- Fairhaven House2
- Four Seasons Residences Condo10
- Four Way Lodge Estates House1
- Gemini 7 Townhouse1
- Gifford Lane Townhomes Townhouse1
- Grove At Grand Bay Condo1
- Grove Towers Condo2
- Grovenor House Condo4
- Hardies Multifamily0
- Hazel Park House1
- Hills Trail Grove House1
- J W Ewans House1
- Jade Residences At Brickell Bay Condo18
- King Park House2
- Leeward Cove Land0
- Lennox Park House0
- Lookout Bay Condo1
- Milledge Heights House0
- Missoni Baia Condo25
- Mr C Tigertail Residences Condo1
- Muze At Met Condo0
- Natoma Manors House1
- Natoma Park House2
- Ocean View House0
- Ocean View Heights House1
- One Park Grove Condo1
- One Thousand Museum Condo13
- One Thousand Venetian Way Mixed4
- Parc Lofts Condo4
- Park Manor House0
- Pent Homestead Townhouse2
- Pinecrest Manor House0
- Pomona House1
- Residences At Vizcaya Condo2
- Rhodes House1
- Rockerman Heights House1
- San Marco House5
- Santa Maria Condo2
- Silver Bluff House2
- Silver Bluff Business Center House0
- Sunshine Fruits House3
- Sunshine Villas House2
- Sunshine Vistas House6
- The Elser Hotel & Residences Condo61
- The Fairchild Condo3
- The Moorings House4
- The Ritz-Carlton Executive Residences Condo0
- The Ritz-Carlton Tower Residences Condo4
- Town Hall House0
- Treasure Trove House0
- Two Park Grove Condo2
- Una Residences Condo20
- Utopia House4
- Ye Little Wood House0
Miami, FL Nearby Cities
$110K - $850K
$0 - $0
$499K - $4.7M
$2K - $9K
$130K - $2M
$2K - $3K
$150K - $1.8M
$2K - $6K
$180K - $9M
$2K - $45K