Miami Fourplex in Little
516 SW 7th Ct, Miami, FL 33130
Fourplex, Quadruplex - Miami, FL
Type:Quadruplex
Property size:
3,400 SFPrice / SF:
$345/SF- Added:
- Apr 9, 2026
- Days on Market:
- 44
- Last Refresh:
- May 22 at 10:06 pm
Property Features for 516 SW 7th Ct
General Information
- Property type
- Residential
- Property subtype
- Quadruplex
- Zoning
- 3900
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 5
- Patio and Porch features
- Patio, Porch
- Exterior features
- Fence, Porch, Patio, Shed
- Fencing
- Fenced
- Standard status
- Active
- APN
- 01-41-38-050-0130
- Size
- 3,400 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12538
Utilities
- Cooling system
- Electric, Multi Units, Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1939
- Flooring type
- Other, Tile
- Building materials
- Block, Other
- Roof type
- Other, Shingle
- Architectural style
- Other
- Additional Structures
- Packing Shed, Shed(s)
Listing agent Laura Veitia License #0620486 (786) 620-2700
Listing office Urban Resource LLC 1193 71st St, MIami Beach, FL (786) 620-2700
Listing date Apr 9, 2026
MLS# A11993558
Listing URL
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.
HighLights
- Fully occupied 4‑plex generating $7800/month in rental income.
- Located in the Little Havana/West Brickell corridor, near Calle Ocho, Brickell, I‑95 & 836, and the Jackson/UM Medical campus.
- Features a mix of unit sizes: three 1BD/1BA and one 3BD/2BA.
- Includes 5 off‑street parking spaces and a backyard.
- Opportunity to occupy the 3BD unit as a primary residence.
- Located on a tranquil street.
Overview
This fourplex is located in Miami's Little Havana/West Brickell area. The property is fully occupied and includes three 1-bedroom, 1-bathroom units and one 3-bedroom, 2-bathroom unit. There are five off-street parking spaces and a backyard. The property generates $7800 per month in rent with long-term tenants. Situated on a quiet street, it is near SW 8th St (Calle Ocho) and minutes from Brickell's financial core, I-95, and 836. The property is also within 2 miles of the Jackson/UM Medical campus. This location is undergoing transformation due to its central position. The property offers the option to utilize the 3-bedroom unit as a personal residence. The property size is 3400 square feet and is zoned 3900.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$757.7K
NOI $68,189 @ 9.00% cap · cautious / downside scenario
Moderate
$974.1K
NOI $68,189 @ 7.00% cap · market / base-case scenario
Aggressive
$1.36M
NOI $68,189 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.0k | $30.60 |
| − Vacancy | −$6.6k | −$1.95 |
| EGI | $97.4k | $28.65 |
| − OpEx | −$29.2k | −$8.60 |
| NOI | $68.2k | $20.06 |
3,400 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$974.1K
$852.4K – $1.14M
NOI $68,189 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$897.3K
$785.1K – $1.05M
NOI $62,810 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $160,652 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.206094
- Latitude
- 25.768374
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex in Little Havana near Brickell with income potential.
Where is this quadplex located?
The property is located at 516 SW 7th Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Fully occupied 4‑plex generating $7800/month in rental income.; Located in the Little Havana/West Brickell corridor, near Calle Ocho, Brickell, I‑95 & 836, and the Jackson/UM Medical campus.; Features a mix of unit sizes: three 1BD/1BA and one 3BD/2BA.
