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963 NE 5th Ave, Homestead FL 33030

Multi-family Active With Contract
$460,000

BTC: 5.75000000

ETH: 184.00000000

2 days
0 room(s)
2,070 sqft

Overview

Located at 963 NE 5th Avenue in Homestead, this income-producing duplex offers an excellent opportunity for investors or owner-occupants seeking a versatile multifamily property with strong long-term potential. Built in 1984, the one-story residence provides approximately 2,070 square feet of living area on a 6,850-square-foot lot. The property contains a total of four bedrooms and two full bathrooms, configured across two separate units, making it well suited for rental income, multigenerational living, or an owner-occupant strategy. Constructed of durable concrete block, the property features tile flooring, central air conditioning, electric heating, public water and sewer, separate utility meters, a fenced exterior, and parking for multiple vehicles. Its functional layout and established duplex configuration offer flexibility for future improvements, modernization, and increased rental performance. With thoughtful renovations, an investor may be able to enhance both tenant appeal and the property’s overall value. The property is conveniently situated near Downtown Homestead, local shopping, restaurants, schools, parks, and major transportation routes, providing residents with easy access throughout South Miami-Dade. This is a compelling value-add opportunity for a buyer looking to acquire a well-located duplex with two rentable units, solid construction, generous parking, and the potential to create reliable long-term cash flow in a growing Homestead rental market.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1984
Lot:
No Data
Heating:
Central
Price/sqft:
$222
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$649,000
$412K – $774K
Confidence Low
List vs. estimate
$189K below estimate
List $460,000 · -29.1%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$222
-33.5% vs. city median $334
Based on
6 MLS comparables
+ 22 public-records sales within 0.5 mi
Median actual sale: $434K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,484
2025
Parking
4 spaces
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 10-79-07-017-0261

    • Zoning: 3000

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $8,484

  • Source details

    • MLS ID: A12063783

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 2070

    • Subdivision Name: J U FREE 2ND ADDN TO HOME

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: A & G Team Realty, LLC