6 unit building generating $5600.00 monthly. 5 of the 6 units have new central a/c's and water heaters. Always 100% leased, always sought after by tenants in this quiet area of Homestead. Each tenant pays own electric and water. Low taxes for an income property like this. All City inspection and permits up to date. Investors Dream. Call today for a private tour.
Multi-familyProperty Type
1958Year Built
0.3 acresLot Size
$248Est. Price/Sq.Ft.
14 spacesParking
Listed by Fabian Portunato• MIB Realty Miami Intl. Brokers
•305-586-6209 (agent)
•broker@mibrealty.com (agent)
•305-586-6209 (broker)
Bought with Fabian Portunato• MIB Realty Miami Intl. Brokers
•305-586-6209 (broker)
Source:MARMLS #A10345570
Redfin Estimate
$987,209
$327K since sold in July 2021
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 69.4% higher than the average sale price ($583K) of 6 comparable homes.
6 unit building generating $5600.00 monthly. 5 of the 6 units have new central a/c's and water heaters. Always 100% leased, always sought after by tenants in this quiet area of Homestead. Each tenant pays own electric and water. Low taxes for an income property like this. All City inspection and permits up to date. Investors Dream. Call today for a private tour.
MARMLS #A10032575
Jun 29, 2016
Sold
$445,000
$112/sq ft
May 27, 2016
Pending
—
Feb 11, 2016
Listed
$450,000
$113/sq ft
BLDG in good condition & was completely renovated in 2002 w/ permits. Working on electrical permit to reconnect the parking lot lights & safety inspection in 1 of the APTs. No rush in selling/cash only. The BLDG has 4units of 2bd 1bath rented at $750.00 & 2units of 3bd 1bath rented at $850.00. Manager pays no rent in 2bd APT in exchange of service but no contract. Tenants pay for utilities (water/sewer & electricity). All APTs have a meter. The BLDG has 12parking spaces w/ 2utility room. Offer in AS/IS condition
Public Records
Aug 10, 2004
Sold
$285,000
$72/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$14,443 (+7.5%)
$45,150 + $644,370
$689,520
2024
$13,430 (+10.1%)
$45,150 + $644,370
$689,520
2023
$12,193 (+4.6%)
$45,150 + $530,232
$575,382
2022
$11,655 (+19.3%)
$45,150 + $530,232
$575,382
2021
$9,772 (+5.4%)
$45,150 + $500,703
$545,853
2020
$9,269 (+55.3%)
$45,150 + $398,749
$443,899
2019
$5,968 (+16.0%)
2018
$5,144 (−0.8%)
$45,150 + $190,954
$236,104
2017
$5,187 (+13.9%)
$45,150 + $190,954
$236,104
2016
$4,552 (+6.9%)
$29,025 + $173,509
$202,534
2015
$4,260 (+0.9%)
$29,025 + $173,509
$202,534
2014
$4,222 (+4.5%)
2013
$4,040 (−0.6%)
2012
$4,065 (−0.8%)
$26,754 + $151,301
$178,055
2011
$4,098
Tax history for 848 SW 5th St
Year
Property tax
Land + Additions
Assessment*
2025
$14,443 (+7.5%)
$45,150 + $644,370
$689,520
2024
$13,430 (+10.1%)
$45,150 + $644,370
$689,520
2023
$12,193 (+4.6%)
$45,150 + $530,232
$575,382
2022
$11,655 (+19.3%)
$45,150 + $530,232
$575,382
2021
$9,772 (+5.4%)
$45,150 + $500,703
$545,853
2020
$9,269 (+55.3%)
$45,150 + $398,749
$443,899
2019
$5,968 (+16.0%)
2018
$5,144 (−0.8%)
$45,150 + $190,954
$236,104
2017
$5,187 (+13.9%)
$45,150 + $190,954
$236,104
2016
$4,552 (+6.9%)
$29,025 + $173,509
$202,534
2015
$4,260 (+0.9%)
$29,025 + $173,509
$202,534
2014
$4,222 (+4.5%)
2013
$4,040 (−0.6%)
2012
$4,065 (−0.8%)
$26,754 + $151,301
$178,055
2011
$4,098
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
PUN
Planned Urban Neighborhood District
The purpose of the planned urban neighborhood PUN zoning district is to encourage compact, mixed-use development comprised of residential and nonresidential uses such as commercial, office, civic and institutional, recreation and open space, and hotel. A PUN is a master planned area. Each individual PUN zoning district is required to have an adopted and approved neighborhood master plan. The PUN zoning category sets broad minimum and maximum requirements, which are further defined by the subareas within the individual neighborhood master plan.
Permitted uses
Include but are not limited to:
No uses permitted by right
Property details
Exterior
Exterior Information
Floor Construction Type: Concrete
Construction Type: Concrete Block
Building Construction Quality: Above Average
Exterior Wall: Concrete Block/Stucco
Roof Covering Type: Bahama/Ceramic Tile/Blt-Up Tg
Roof Shape Type: Bahama/Ceramic Tile/Blt-Up Tar and Gravel
Building Type: Commercial
Property Information
Subdivision Name: BETTY LU HOMESITES
Living Sq. Ft: 3,980
Adjusted Gross Sq. Ft: 3,366
Building Sq. Ft: 3,980
# of Units: 6
# of Stories: 2
Legal Description: BETTY LU HOMESITES PB 45-11 LOTS 6 & 7 BLK 3 LOT SIZE 100.000 X 129 OR 19644-4757 0501 3 COC 26478-4908 07 2008 5
Lot Information
# of Buildings: 1
Land Sq. Ft: 12,900
Legal Lot Number: 6
Legal Block Number: 3
Municipality Name: HOMESTEAD
Acres: 0.2961
Depth Footage: 129
Front Footage: 100
Zoning Code: 1900
County Use Description: MF 2-9 UNIT:MF 3 OR MORE UNIT
State Use Description: MULTI-FAM LESS 10
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 14
Baths: 6.0
Sq. Ft.: 3,980
Stories: 2.0
Lot Size: 0.3 acres
Style: Multi-Family (5+ Unit)
Year Built: 1958
Year Renovated: 1958
County: Miami-Dade County
APN: 1078130280320
Home facts updated by county records on Sep 18, 2026
Around this home
Schools
Laura C. Saunders Elementary School
Public PreK-5 • Assigned • 0.3mi
5/10
Homestead Middle School
Public 6-8 • Assigned • 0.9mi
5/10
South Dade Senior High School
Public PreK-12 • Assigned • 3.1mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
7/10 Flood Factor
Estimated 72-80% chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 33 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Homestead, FL • 33030
Average low and high temperatures (°F)
75
58
78
60
81
64
83
70
89
75
89
77
89
78
91
77
90
77
85
74
82
67
79
64
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 7 hours in December, placing it above the
U.S. average for solar exposure.