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2939 SW 5th St, Miami FL 33135
About this home
Located on an oversized 10,023 SF corner lot in Little Havana, this T3-O zoned property offers outstanding flexibility for both investors and developers. Miami 21 zoning permits single-family, duplex, and accessory dwelling unit (ADU) uses, while the surrounding mix of higher-density and multi-family developments encourages buyers to explore future rezoning potential. The existing property features a 3-bedroom, 2-bathroom main residence plus a 1-bedroom, 1-bathroom apartment, offering approximately 1,555 SF of living area (1,617 SF total). The flexible layout provides the option to generate rental income or occupy the property while planning its next chapter. A fenced yard, concrete patio, and expansive lot further enhance its versatility. Just minutes from Calle Ocho, Coral Gables, Downtown Miami, Brickell, and SR-836, this central location places dining, shopping, entertainment, and major commuter routes all within easy reach.
Features
- First Floor Entry
- Other
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $5,057
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.