Remodeled Two-Unit
For Sale
$555,000
7770 NW 9th Ave, Miami, FL 33150
Residential Income, Miami, FL
Property Size1,342 SF
Price / SF$413.56
Days on Market49
Property Features for 7770 NW 9th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1
Parking
4
Subdivision
OHIO PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-11-034-0340
Size
1,342 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
OHIO PARK PB 9-104 LOT 43 LOT SIZE 50.000 X 110 OR 21419-1231 0703 3 COC 26048-1128 09 2007 6
Tax Annual Amount
5508
Legal Description
OHIO PARK PB 9-104 LOT 43 LOT SIZE 50.000 X 110 OR 21419-1231 0703 3 COC 26048-1128 09 2007 6
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
generous yard
washer/dryer on site
Building Details
Year built
1936
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Block
Roof type
Concrete, Shingle
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Bryan Ozuna · License #3345322
(786) 546-9223
Added: Aug 5
Changed: Sep 21
Last Checked: Sep 22 at 7:06PM
MLS# A12066067
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 duplex contains 1,342 square feet and is arranged as two separate residences. The front unit provides 3 bedrooms and 1 bathroom, while the rear unit includes 1 bedroom and 1 bathroom. Both units have been recently remodeled and are currently vacant. Interior features include tile and vinyl flooring, central air, electric heating, and an on-site washer and dryer. Block construction, public water, public sewer, and a shingle and concrete roof complete the property improvements.
Outdoor space includes a yard with a mature mango tree. Recent work includes updates to the roof, plumbing, and electrical systems. The property was built in 1936 and is located in Miami-Dade County, Florida.
Outdoor space includes a yard with a mature mango tree. Recent work includes updates to the roof, plumbing, and electrical systems. The property was built in 1936 and is located in Miami-Dade County, Florida.
Key Highlights
- Two‑unit duplex with 1,342 square feet
- Front residence has 3 bedrooms and 1 bathroom
- Rear residence has 1 bedroom and 1 bathroom
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
$26,915
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
4.85%
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%
$538,300
$538.3K
Cap Rate 7%
$384,500
$384.5K
Cap Rate 9%
$299,056
$299.1K
Market Conditions
NOI Build-Up for 1,342 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
$41.1K $30.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$38.4K $28.65/SF
− OpEx
−$11.5K −$8.60/SF
NOI
$26.9K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
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%
$538,300
Cap Rate 7%
$384,500
Cap Rate 9%
$299,056
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.4K – $448.6K
NOI $26,915 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$354.2K
$309.9K – $413.2K
NOI $24,791 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$905.9K
$792.6K – $1.06M
NOI $63,410 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
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?
Duplex - Both residences are vacant, with separate layouts that support immediate occupancy or rental use.
Where is this duplex located?
The property is located at 7770 NW 9th Ave Miami, FL.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,342 square feet; Front residence has 3 bedrooms and 1 bathroom; Rear residence has 1 bedroom and 1 bathroom
