We have investigated the Vanadium- (V) substituted Ni-Zn-Co ferrites where the samples were prepared using solid-state reaction technique. The impact of V5+ substitution on the structural, magnetic, dielectric and electrical properties of Ni-Zn-Co ferrites has been studied. XRD analysis confirmed the formation of a single-phase cubic spinel structure. The lattice constants have been calculated both theoretically and experimentally along with other structural parameters such as bulk density, X-ray density and porosity. The FESEM images are taken to study the surface morphology. FTIR measurement is also performed which confirms spinel structure formation. The saturation magnetization (Ms), coercive field (Hc) and Bohr magneton (B) were calculated from the obtained M-H loops. The temperature dependent permeability is studied to obtain the Curie temperature. Frequency and composition dependence of permeability was also analyzed. Dielectric behavior and ac resistivity are also subjected to investigate the frequency dependency. An inverse relationship was observed between the composition dependence of dielectric constant and ac resistivity. The obtained results such as the electrical resistivity, dielectric constants and magnetic properties suggest the appropriateness of the studied ferrites in microwave device applications.