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Renovated 10-Unit Apartment Building
For Sale
$4,285,000

1000 7th St, Miami Beach, FL 33139

Commercial Sale, Miami Beach, FL

Property SizeContact for details
Lot Size0.17 Acres
Days on Market83

Property Features for 1000 7th St

General Information

Property type Commercial Sale
Property subtype Other
Zoning description 3900
Parking 4
Parking features On Street, Assigned
Security features Security Lighting
Subdivision 42
Standard status Active
APN 02-42-03-009-7640
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description OCEAN BEACH ADDN NO 3 PB 2-81 LOT 1 BLK 97 LOT SIZE 50.000 X 150 OR 16023-1241 0793 1 COC 26210-4069 01 2008 1
Tax Annual Amount 52096
Legal Description OCEAN BEACH ADDN NO 3 PB 2-81 LOT 1 BLK 97 LOT SIZE 50.000 X 150 OR 16023-1241 0793 1 COC 26210-4069 01 2008 1

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air
Water source Public

Amenities

washer & dryer in all units
BBQ patio

Building Details

Year built 1951
Floors in Building 2
Number of units 10
Building materials Block
Listing Agency: Keller Williams Capital Realty · Keller Williams Realty
Listed By: Ricky Kallabat PA · License #3254287
Added: Jun 30 Changed: Sep 10 Last Checked: Sep 20 at 2:06PM
MLS# A11975610

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 10-unit apartment building in Miami Beach was built in 1951 and extensively renovated. The two-story configuration includes seven 2-bedroom units and three 1-bedroom units, with updated kitchens featuring quartz counters, stainless steel appliances, and breakfast bars. Each unit has a washer and dryer, along with engineered wood flooring and renovated bathrooms. Building improvements include new AC systems, hot water heaters, plumbing, electrical panels, and a replacement roof. The property is constructed with block materials and served by public water and public sewer.

The site encompasses 0.1722 acres, with four private parking spaces, assigned parking, on-street parking, and a BBQ patio. Central air conditioning and electric central heating serve the building. The 40-year inspection was completed in 2022.

Key Highlights

  • 10 units: 7 two‑bedroom and 3 one‑bedroom apartments
  • Two‑story block building built in 1951
  • 0.1722‑acre site with 4 private parking spots

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store Butcher Restaurant Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

8,611
Businesses Nearby

Demographics for 33139, FL

36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story Miami Beach property with updated systems, in-unit laundry, and four private parking spaces.
Where is this apartment building located?
The property is located at 1000 7th St Miami Beach, FL.
What is the asking price?
The asking price for this property is $4,285,000.
What are key features of this property?
This property features: 10 units: 7 two‑bedroom and 3 one‑bedroom apartments; Two‑story block building built in 1951; 0.1722‑acre site with 4 private parking spots
More about this property
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