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Sold for $510,000
  • $510,000

    6951 NW 5th Ct, Miami, FL 33150

    7beds
    4baths
    2,244sqft
    Triplex, Multi Family
    Built in 1947
    -- sqft lot
    $930,300 Zestimate®
    $227/sqft
    $2,605 Estimated rent

    Home value

    $930,300

    $847,000 - $1.03M

    $2,605/mo

    Zestimate® history
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    $2,605/mo

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    $3,552/mo

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    What's special

    Marble-look tileAmple off-street parkingModern bathroomExpansive lotSolid wood cabinetsRainfall showerheadWide driveway
    <CASH ONLY><LAST PRICE REDUCTION><HIGHEST BY 8/31/2025> 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.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Ronald Ryder 305-302-9806,

    RICHARD PETERS REALTY LLC 352-448-9712

    Bought with:

    Ronald Ryder, 3593068

    RICHARD PETERS REALTY LLC

    Source: Stellar MLS,MLS#: TB8405925MLS LogoOriginating MLS: Suncoast Tampa

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Heating
    • Central, Electric, Wall Units / Window Unit
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Laundry: Other
    Features
    • Other
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,244 sqft

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 0.31 Acres
    • Dimensions: 100 x 135
    Details
    • Parcel number: 0131130240270
    • Zoning: 5700
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Stucco, Wood Siding
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1947

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Other

    Community & neighborhood

    Location
    • Region: Miami
    • Subdivision: 07TH AVE HIGHLANDS

    HOA & financial

    HOA
    • Has HOA: No
    Other fees
    • Pet fee: $0 monthly
    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Listing terms: Cash
    • Ownership: Fee Simple
    • Road surface type: Asphalt, Concrete

    Price history

    DateEventPrice
    9/19/2025Sold$510,000-7.3%$227/sqft
    Source: Stellar MLS #TB8405925 Report a problem
    8/27/2025Pending sale$549,999$245/sqft
    Source: Stellar MLS #TB8405925 Report a problem
    8/18/2025Price change$549,999-7.3%$245/sqft
    Source: Stellar MLS #TB8405925 Report a problem
    8/12/2025Price change$592,999-2%$264/sqft
    Source: Stellar MLS #TB8405925 Report a problem
    7/19/2025Pending sale$604,999$270/sqft
    Source: Stellar MLS #TB8405925 Report a problem
    7/18/2025Price change$604,999-6.2%$270/sqft
    Source: Stellar MLS #TB8405925 Report a problem
    7/14/2025Price change$644,999-0.8%$287/sqft
    Source: Stellar MLS #TB8405925 Report a problem
    7/10/2025Listed for sale$649,999+192.3%$290/sqft
    Source: Stellar MLS #TB8405925 Report a problem
    2/8/2007Sold$222,400+21.5%$99/sqft
    Source: Public Record Report a problem
    7/11/2003Sold$183,000+181.5%$82/sqft
    Source: Public Record Report a problem
    12/30/2002Sold$65,000$29/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,502 +2.5%$360,490 +2.9%
    2024$7,322 +0.7%$350,331 +3%
    2023$7,271 +2.7%$340,128 +3%
    2022$7,082 +0.2%$330,222 +3%
    2021$7,065 +38.8%$320,604 +108.9%
    2020$5,091 +2.5%$153,468 +10%
    2019$4,968 +15.6%$139,517 +10%
    2018$4,297 $126,834 +10%
    2017$4,297 +4.4%$115,304 +10%
    2016$4,115 +24.3%$104,822 +10%
    2015$3,312 +4%$95,293 +10%
    2014$3,184 +15.5%$86,630 +10%
    2013$2,758 $78,755 +10%
    2012$2,758 -10.6%$71,596 -16.2%
    2011$3,083 -15.3%$85,439 -17.3%
    2010$3,640 -27.4%$103,255 -39.4%
    2009$5,015 -15.5%$170,502 -23.8%
    2007$5,935 +19.9%$223,875
    2006$4,949 --
    2005$4,949 +30%--
    2004$3,806 +21.1%--
    2003$3,143 +8.6%--
    2002$2,893 --
    2001$2,893 --

    Find assessor info on the county website

    Neighborhood: Little Haiti

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $930,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $930,300