New Construction
For Sale
$1,600,000
7801 NW 2nd Ct, Miami, FL 33150
Residential Income, Miami, FL
Property Size3,500 SF
Lot Size0.15 Acres
Price / SF$457.14
Days on Market42
Property Features for 7801 NW 2nd Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
5700
Bedrooms
8
Full bathrooms
6
Rooms
Bedroom 8, Bathroom 1, Bedroom 1, Bathroom 5, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 5
Parking
4
Subdivision
CROSEL HEIGHTS
Lot features
< 1/4 Acre
Standard status
Active
APN
01-31-12-032-0140
Size
3,500 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
12 53 41 CROSEL HEIGHTS PB 10-32 LOT 8 BLK 2 & W1/2 OF ALLEY LYG E & ADJ CLOSED PER ORD#13492 LOT SIZE 6700 SQ FT M/L
Tax Annual Amount
6629
Legal Description
12 53 41 CROSEL HEIGHTS PB 10-32 LOT 8 BLK 2 & W1/2 OF ALLEY LYG E & ADJ CLOSED PER ORD#13492 LOT SIZE 6700 SQ FT M/L
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Flooring type
Vinyl
Building materials
Block
Roof type
Flat, Tile
Listing Agency:
Luxe Properties
(305) 809-7650
Listed By:
Viviana Campana · License #3481229
(786) 614-0401
Added: Jul 28
Changed: Sep 3
Last Checked: Sep 7 at 11:06AM
MLS# A12060939
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.
Scheduled for 2026 completion, this duplex is configured as two residences with a combined 8 bedrooms and 6 bathrooms. The property contains approximately 3,500 square feet of living area on a 6,453-square-foot lot, with four parking spaces. Interior features include open-concept floor plans, vinyl flooring, central heating, and central air conditioning. Block construction and a combination tile and flat roof complete the building improvements.
The property is located at 7801 NW 2nd Ct in Miami, near Wynwood, Brickell, Downtown Miami, Miami International Airport, and major highways. Public sewer service is in place. The under-construction condition and 2026 build year provide a clearly defined new-development profile for the two-residence configuration.
The property is located at 7801 NW 2nd Ct in Miami, near Wynwood, Brickell, Downtown Miami, Miami International Airport, and major highways. Public sewer service is in place. The under-construction condition and 2026 build year provide a clearly defined new-development profile for the two-residence configuration.
Key Highlights
- Duplex with 2 residences, 8 bedrooms, and 6 bathrooms
- Approximately 3,500 SF of living area on a 6,453 SF lot
- 4 parking spaces included
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
$70,194
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
4.39%
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%
$1,403,880
$1.4M
Cap Rate 7%
$1,002,771
$1.0M
Cap Rate 9%
$779,933
$779.9K
Market Conditions
NOI Build-Up for 3,500 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
$107.1K $30.60/SF
− Vacancy
−$6.8K −$1.95/SF
EGI
$100.3K $28.65/SF
− OpEx
−$30.1K −$8.60/SF
NOI
$70.2K $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%
$1,403,880
Cap Rate 7%
$1,002,771
Cap Rate 9%
$779,933
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$877.4K – $1.17M
NOI $70,194 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$923.7K
$808.2K – $1.08M
NOI $64,657 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$2.36M
$2.07M – $2.76M
NOI $165,377 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,037
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
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 - Two residences feature open-concept layouts, central heating and air conditioning, and dedicated parking.
Where is this duplex located?
The property is located at 7801 NW 2nd Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Duplex with 2 residences, 8 bedrooms, and 6 bathrooms; Approximately 3,500 SF of living area on a 6,453 SF lot; 4 parking spaces included
