Five-Unit Apartment
For Sale
$899,000
7525 NE Miami Ct, Miami, FL 33138
Residential Income, Miami, FL
Property Size2,454 SF
Price / SF$366.34
Days on Market60
Property Features for 7525 NE Miami Ct
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
4600
Bedrooms
6
Full bathrooms
5
Half bathrooms
5
Rooms
Bedroom 3, Bathroom 10, Bedroom 4, Bathroom 7, Bathroom 9, Bedroom 2, Bathroom 3, Bathroom 8, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 5
Parking
5
Subdivision
LITTLE RIVER GARDENS
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-12-014-0660
Size
2,454 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
12 53 41 LITTLE RIVER GDNS PB 7-26 LOT 6 BLK 31 LOT SIZE 47.700 X 153 OR 15462-2047 0492 1 COC 22430-1587 06 2004 1
Tax Annual Amount
10177
Legal Description
12 53 41 LITTLE RIVER GDNS PB 7-26 LOT 6 BLK 31 LOT SIZE 47.700 X 153 OR 15462-2047 0492 1 COC 22430-1587 06 2004 1
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Flooring type
Parquet Wood
Roof type
Shingle
Architectural style
Other
Listing Agency:
Real Estate Empire Group, Inc.
(305) 592-1588
Listed By:
Angiolina Ayvar · License #3342937
(786) 366-9388
Added: Jul 18
Changed: Sep 12
Last Checked: Sep 15 at 12:06AM
MLS# A11924675
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 five-unit apartment property contains 2,454 square feet and was built in 1947. Interior features include parquet wood flooring, while cooling is provided through wall and window units. The building has a shingle roof and is served by public water and public sewer.
Located at 7525 NE Miami Ct in Miami’s Little River area, the property offers access to major highways and nearby shopping centers. The room inventory includes multiple bedrooms and bathrooms across the building, supporting its multifamily configuration.
Located at 7525 NE Miami Ct in Miami’s Little River area, the property offers access to major highways and nearby shopping centers. The room inventory includes multiple bedrooms and bathrooms across the building, supporting its multifamily configuration.
Key Highlights
- Five‑unit apartment property with 2,454 square feet
- Built in 1947 with a shingle roof
- Parquet wood flooring throughout portions of the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,334
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$906,680
$906.7K
Cap Rate 7%
$647,629
$647.6K
Cap Rate 9%
$503,711
$503.7K
Market Conditions
NOI Build-Up for 2,454 SF
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.
Gross rent
$88.3K $36.00/SF
− Vacancy
−$5.9K −$2.41/SF
EGI
$82.4K $33.59/SF
− OpEx
−$37.1K −$15.11/SF
NOI
$45.3K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$906,680
Cap Rate 7%
$647,629
Cap Rate 9%
$503,711
Alternative Uses
Best Use
Apartment 5plus
$647.6K
$566.7K – $755.6K
NOI $45,334 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,953 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Older multifamily asset with public water and sewer, parquet flooring, and individual wall or window cooling units.
Where is this apartment building located?
The property is located at 7525 NE Miami Ct Miami, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Five‑unit apartment property with 2,454 square feet; Built in 1947 with a shingle roof; Parquet wood flooring throughout portions of the property
