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$800,000
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Property Description
Multifamily property featuring 9 bedrooms and 6 bathrooms, currently generating a monthly rental income of $9,900. The seller is motivated to sell and also has another property available on the market under MLS number A11871841. This is an excellent opportunity for investors seeking strong returns and immediate cash flow. There is also potential for a favorable deal when purchasing both properties together. Don't miss out! Call us anytime, WE'LL ANSWER!
Full Property Details
Full Property Details for 5040 NW 197th St
General
- Price: $800,000
- Taxes: $8,458 (2024)
- Status: Active
- Type: Single Family
- Source: Greater_Miami
- MLS ID: A11882998
- Updated: 11/12/2025
- Added to Site: 117 day(s) ago
Interior
- Interior Features: First Floor Entry, Other
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
- Flooring: Ceramic Floor
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 9
- Bedroom Features: Other
Other Rooms
- Living Room: Other Sq. Ft.
Exterior
- Deck/Patio: Open Porch, Patio
Parking
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Additional Spaces Available, Other
Location
- Area: Miami Gardens Manor Sec 3
- County: Miami-Dade County
- Subdivision: MIAMI GARDENS MANOR SEC 3
- Building Name: MIAMI GARDENS MANOR SEC 3
- Direction Faces: Northwest
Community
- Community Name: Miami Gardens Manor Sec 3
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Detached, One Story
- Structure Type: R30-No Pool/No Water, House
- Detached/Attached: Detached
- Construction: Concrete Block Construction
- Roof: Concrete
- Sq. Ft. Source: Owner
- Year Built: 4362
Lot Features
- Property View: None
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 0400 SGL FAMILY - 90
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $8,458
- Tax Year: 2024
- Terms: All Cash, Conventional, FHA
Disclosures and Reports
- Legal Description: MIAMI GARDENS MANOR SEC 3 PB 95-1 LOT 1 BLK 1 LOT SIZE 96.780 X 1005
- Restrictions: Ok To Lease
- Property ID: 30-21-06-009-1010
Listed by Real Estate Sales Force
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Schools
Schools serving 5040 NW 197th St
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Charles David Wyche, Jr Elementary School 5241 Northwest 195th Drive, Miami Gardens, FL 33055 | PK-5 | 0.2 mi |
Lake Stevens Middle School 18484 Nw 48th Pl, Miami Gardens, FL 33055 | 6-8 | 0.8 mi |
Miami Carol City Senior High School 3301 Miami Gardens Drive, Miami Gardens, FL 33056 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5040 NW 197th St
Date
Details
Price
Change
Source
11/12/2025
Price Increased
$800,000
3.23%
MLS
11/07/2025
Price Reduced
$775,000
-3.12%
MLS
9/22/2025
Listed
$800,000
128.57%
MLS
1/14/2020
Sold
$350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5040 NW 197th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,976
7%
$464,213
7%
2023
$7,480
2%
$432,270
-1%
2022
$7,309
9%
$435,583
16%
2021
$6,733
—
$376,618
91%
2021
$6,733
141%
$197,020
2%
2019
$2,789
8%
$192,591
2%
2018
$2,583
-5%
$189,000
2%
2017
$2,705
-9%
$185,113
2%
2016
$2,987
-26%
$181,306
-3%
2015
$4,017
5%
$187,878
6%
2014
$3,833
-12%
$177,442
-14%
2013
$4,367
—
$207,026
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5040 NW 197th St
5040 NW 197 St, Miami, FL 33055 (MLS# A11882998) is a Single Family property with 9 bedrooms and 6 full bathrooms. 5040 NW 197 St is currently listed for $800,000 and was received on September 22, 2025. Want to learn more about 5040 NW 197 St? Do you have questions about finding other Single Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

