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$510,000
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Property Description
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.
Full Property Details
Full Property Details for 6951 NW 5th Ct
General
- Sold For: $510,000
- Taxes: $7,321 (2024)
- Status: Closed
- Type: Triplex
- Source: MidFloridaRegionalMLS
- MLS ID: TB8405925
- Added to Site: 230 day(s) ago
Interior
- Interior Features: Other
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: Other
Exterior
- Exterior Features: Other
Location
- Area: 99999 - Unknown
- County: Miami-Dade
- Development Name: 99999 - Unknown
- Subdivision: 07TH AVE HIGHLANDS
- Driving Directions: Continue on SR?112 East past I-95, still on the toll road for approximately 7 miles Take exit NW?7th Ave / NW?2nd Ave (a local exit after passing I-95). Continue north on NW?7th Ave until you reach NW?5th Ct. Make a left onto NW?5th Court, then drive a short block to 6951 NW?5th Ct (on your left).
Community
- Community Name: 99999 - Unknown
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Electric, Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Other
Structural Information
- # Buildings: 3
- Exterior Const.: Stucco, Wood Siding
- Roof: Shingle
- Square Feet: 2,244
- Sq. Ft. Source: Public Records
- Living Area: 2,244 Sq. Ft.
- Year Built: 1947
Lot Features
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,500
- Lot Size: 13500
- Lot Dimensions: 100 x 135
- Street/Road Desc.: Asphalt, Concrete
Financial Considerations
- Tax Amount: $7,321.62
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: 7 AVE HIGHLANDS PB 14-13 S20FT OF LOT 16 & ALL OF LOTS 17 & 18 LESS R/W BLK 3 LOT 13202 SQ FT OR 20907-3739 12 2002 1
- Flood Zone Info: AH, X
- APN: 131130240270
- Property ID: 131130240270
- Block/Lot/Section: 3
Listed and Sold by Richard Peters Realty Llc
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Schools
Schools serving 6951 NW 5th Ct
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Edison Park K-8 Center 500 Northwest 67th Street, Miami, FL 33150 | PK-5 | 0.2 mi |
Horace Mann Middle School 8950 Nw 2nd Ave, El Portal, FL 33150 | 6-8 | 1.3 mi |
Miami Edison Senior High School 6161 Northwest 5th Court, Miami, FL 33127 | 9-12 | 0.5 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 6951 NW 5th Ct
Date
Details
Price
Change
Source
9/19/2025
Sold
$510,000
-7.27%
MLS
8/18/2025
Price Reduced
$549,999
-7.25%
MLS
8/12/2025
Price Reduced
$592,999
-1.98%
MLS
7/18/2025
Price Reduced
$604,999
-6.2%
MLS
7/14/2025
Price Reduced
$644,999
-0.77%
MLS
7/10/2025
Listed
$649,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6951 NW 5th Court, Miami, FL 33150 (MLS# TB8405925) is a Triplex property that was sold at $510,000 on September 19, 2025. Want to learn more about 6951 NW 5th Court? Do you have questions about finding other Triplex real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

