Updated
New
For Sale
$429,000
105 NW 7th Avenue, Homestead, FL 33030
Two residences have individual entrances and gated access.
Property Size978 SF
Price / SF$438.65
Days on Market3
Property Features for 105 NW 7th Avenue
General Information
Standard status
Active
Size
978 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
private entrance
mature trees
open green space
storage shed
gated access
separate pathways
Building Details
Year Built
1953
Listing Agency:
Keller Williams Capital Realty
(305) 662-7325
Listed By:
Cristian Chavez · License #3352712
(786) 490-6519
Source:
Lehmannflorida
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 12:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Capital Realty
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Investment Insights
Based on property information with market context.
This 978-square-foot duplex, built in 1953, has been updated. Each residence has its own entrance, with separate paths providing access to the units. The property also includes a storage shed, mature trees, and open yard area.
Located in Homestead, the site combines gated access with outdoor space around the duplex.
Located in Homestead, the site combines gated access with outdoor space around the duplex.
Key Highlights
- 978‑square‑foot duplex built in 1953
- Updated two‑unit property with an individual entrance for each residence
- Gated access and separate paths to the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,303
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,060
$326.1K
Cap Rate 7%
$232,900
$232.9K
Cap Rate 9%
$181,144
$181.1K
Market Conditions
NOI Build-Up for 978 SF
Gross rent
$24.6K $25.20/SF
− Vacancy
−$1.4K −$1.39/SF
EGI
$23.3K $23.81/SF
− OpEx
−$7.0K −$7.14/SF
NOI
$16.3K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,060
Cap Rate 7%
$232,900
Cap Rate 9%
$181,144
Alternative Uses
Best Use
Multifamily LT 5
$232.9K
$203.8K – $271.7K
NOI $16,303 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$214.9K
$188.0K – $250.7K
NOI $15,041 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,626
Businesses Nearby
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Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have individual entrances and gated access.
Where is this duplex located?
The property is located at 105 NW 7th Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 978‑square‑foot duplex built in 1953; Updated two‑unit property with an individual entrance for each residence; Gated access and separate paths to the units
