440 SW 5th Avenue, Miami, FL 33130
$3,650,000 · $285 per sq ft · Multifamily for sale
- Property type: Multi Family
- Asking price: $3,650,000
- Price per sq ft: $285
- Building size: 12,825 sq ft
- Lot size: 4,792 sq ft
- Zoning: 3900
- Year built: 1925
- Units: 1
- Net operating income: $245,716/yr
- Cap rate: 6.7%
- Parcel ID: 0102030001220
- MLS#: A11786413
About this property
OLD SPANISH STYLE BUILDING , MINUTES FROM DOWNTOWN MIAMI WITH WALKING DISTANCE FROM BRICKELL . BUILDING WAS TOTAL RENOVATED IN 2010. ROOF WAS REDONE IN 2006. SEVERAL OF THE AC UNITS AND APPLIANCES HAVE BEEN REPLACE SINCE THEN. EXTERIOR OF BUILDING PAINT MARCH 30,2025. PLEASE DO NOT DISTURB TENANTS. 50 YEAR PLUS RE-CERTIFICATION COMPLETE IN JULY 2025 , SEE ATTACHMENTS. WILL SHOW AFTER A SIGNED LETTER OF INTENT OR CONTRACT
Operating Statement
| Gross income | $338,400/yr |
|---|---|
| Property taxes | $53,039/yr |
| Insurance | $13,873/yr |
| Maintenance and repairs | $6,000/yr |
| Management | $10,200/yr |
| Trash | $2,497/yr |
| Other | $1,880/yr |
| Net operating income | $245,716/yr |
| Cap rate at asking price | 6.7% |
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Florida Home Sales and Invest. · bascom2002@yahoo.com · Listing agent: Ethelbert Bascom
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 440 SW 5th Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 440 SW 5th Avenue
- How much is 440 SW 5th Avenue?
- 440 SW 5th Avenue is listed at $3,650,000, about $285 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is the cap rate on 440 SW 5th Avenue?
- The listing reports net operating income of $245,716 a year, a cap rate of about 6.7% at the $3,650,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
- What is 440 SW 5th Avenue zoned?
- The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 440 SW 5th Avenue?
- The listing reports 12,825 square feet of building.
- When was 440 SW 5th Avenue built?
- 440 SW 5th Avenue was built in 1925. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 440 SW 5th Avenue?
- The listing reports annual property taxes of $53,039. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 440 SW 5th Avenue?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
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