10-Unit Renovated Apartment
1000 7th Street, Miami Beach, FL 33139
For Sale
$4,100,000
Residential Income, Miami Beach, FL
Property Size7,868 SF
Lot Size0.17 Acres
Price / SF$521.10
Days on Market113
Property Features for 1000 7th Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Lot features
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
Utilities
Sewer type
Heating system
Cooling system
Water source
Water front
Amenities
washer & dryer
BBQ patio
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Ricky Kallabat PA · License #3254287
(305) 747-5117
Added: Jul 18
Changed: Oct 27
Last Checked: Nov 7 at 8:06AM
MLS# A11975535
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story apartment building contains 10 units: seven two-bedroom apartments and three one-bedroom apartments. The 7,868-square-foot property has a 7,500-square-foot lot and was built in 1951. Renovations included new air conditioning, hot water heaters, plumbing, electrical panels, and a roof, along with updated kitchens featuring quartz counters, stainless steel appliances, and breakfast bars. Each apartment has a washer and dryer, and finishes include engineered wood flooring and updated bathrooms. Four private parking spaces and a barbecue patio are also on site.
The property is at 1000 7th Street in Miami Beach. Public water and sewer service are available, along with cable service.
The property is at 1000 7th Street in Miami Beach. Public water and sewer service are available, along with cable service.
Key Highlights
- 10 apartments: seven 2‑bedroom units and three 1‑bedroom units
- Two‑story building with 7,868 square feet on a 7,500‑square‑foot lot
- Renovations included new air conditioning, hot water heaters, plumbing, electrical panels, and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,004
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,420,080
$2.4M
Cap Rate 7%
$1,728,629
$1.7M
Cap Rate 9%
$1,344,489
$1.3M
Market Conditions
NOI Build-Up for 7,868 SF
Gross rent
$230.4K $29.28/SF
− Vacancy
−$10.4K −$1.32/SF
EGI
$220.0K $27.96/SF
− OpEx
−$99.0K −$12.58/SF
NOI
$121.0K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,420,080
Cap Rate 7%
$1,728,629
Cap Rate 9%
$1,344,489
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $121,004 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,424 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
5,367
Businesses Nearby
Explore this area
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
$480,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Updated kitchens, in-unit laundry, and private parking support the building’s residential configuration.
Where is this apartment building located?
The property is located at 1000 7th Street 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 on a 7,500‑square‑foot lot; Renovations included new air conditioning, hot water heaters, plumbing, electrical panels, and roof
