10-Unit Renovated Apartment
1000 7th St, Miami Beach, FL 33139
For Sale
$4,100,000
Commercial Sale, Miami Beach, FL
Property Size7,868 SF
Lot Size0.17 Acres
Price / SF$521.10
Days on Market134
Property Features for 1000 7th St
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Security features
Lot features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer and dryer in unit
BBQ patio
Building Details
Year built
Floors in Building
Number of units
Building materials
Buildings
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Ricky Kallabat PA · License FL #3254287
(305) 747-5117
Added: Jun 30
Changed: Nov 10
Last Checked: Nov 10 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 10 residences: seven two-bedroom units and three one-bedroom units. The building underwent a complete renovation, including updated air conditioning, water heaters, plumbing, electrical panels, and roofing. Kitchens have quartz counters, stainless steel appliances, and breakfast bars; bathrooms, engineered wood flooring, and in-unit washers and dryers are also part of the improvements. The building dates to 1951 and sits on a 7,500-square-foot lot in Miami Beach.
Four private parking spaces and a barbecue patio serve the property. Public water and sewer are available, and the building has central air conditioning and heating.
Four private parking spaces and a barbecue patio serve the property. Public water and sewer are available, and the building has central air conditioning and heating.
Key Highlights
- 10 apartments: seven 2‑bedroom units and three 1‑bedroom units
- Two‑story building with 7,868 square feet
- 7,500 SFT lot; 0.1722 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,093
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,860
$2.4M
Cap Rate 7%
$1,744,186
$1.7M
Cap Rate 9%
$1,356,589
$1.4M
Market Conditions
NOI Build-Up for 7,868 SF
Gross rent
$237.9K $30.24/SF
− Vacancy
−$15.9K −$2.03/SF
EGI
$222.0K $28.21/SF
− OpEx
−$99.9K −$12.70/SF
NOI
$122.1K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,860
Cap Rate 7%
$1,744,186
Cap Rate 9%
$1,356,589
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.53M – $2.03M
NOI $122,093 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.30M
$3.76M – $5.01M
NOI $300,757 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
8,611
Businesses Nearby
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Business Placement
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
$480,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Miami Beach, FL
Properties on Market for Apartment buildings in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A two-story property offers a mix of one- and two-bedroom residences with in-unit laundry.
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 $4,100,000.
What are key features of this property?
This property features: 10 apartments: seven 2‑bedroom units and three 1‑bedroom units; Two‑story building with 7,868 square feet; 7,500 SFT lot; 0.1722 acres
