Fully Updated Duplex with Private
For Sale
$429,000
105 NW 7th Ave, Homestead, FL 33030
MULTI_FAMILY - Homestead, FL
Property Size978 SF
Price / SF$438.65
Days on Market109
Property Features for 105 NW 7th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
0100
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Parking
2
Subdivision
BLVD ADDN
Lot features
< 1/4 Acre
Standard status
Active
APN
10-78-13-024-1910
Size
978 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BOULEVARD ADDN PB 2-98 LOT 18 BLK 16 LOT SIZE 53 X 134 OR 19841-1284 082001 1
Tax Annual Amount
2675
Legal Description
BOULEVARD ADDN PB 2-98 LOT 18 BLK 16 LOT SIZE 53 X 134 OR 19841-1284 082001 1
Utilities
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Amenities
gated access
storage shed
Building Details
Year built
1953
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Flat, Tile
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Cristian Chavez · License #3352712
(786) 490-6519
Added: Apr 30
Changed: Aug 14
Last Checked: Aug 16 at 6:06PM
MLS# A11998162
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 fully updated duplex offers flexible living and rental setup with private entrances for each unit. The property includes a spacious lot with mature trees, open green space, and a storage shed, along with gated access and separate pathways that create added privacy.
Built in 1953, the duplex is constructed with block materials. Interior finishes include tile flooring, and comfort is provided through wall furnace heating and wall/window and window unit cooling. The roof features tile and flat surfaces.
The property includes two bedrooms and two bathrooms, with distinct room designations for each unit. The arrangement supports comfortable day-to-day living while maintaining separation between the units.
Built in 1953, the duplex is constructed with block materials. Interior finishes include tile flooring, and comfort is provided through wall furnace heating and wall/window and window unit cooling. The roof features tile and flat surfaces.
The property includes two bedrooms and two bathrooms, with distinct room designations for each unit. The arrangement supports comfortable day-to-day living while maintaining separation between the units.
Key Highlights
- Fully updated duplex with private entrances for each unit
- Gated access with separate pathways for added privacy
- Spacious lot with mature trees, open green space, and a storage shed
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
$16,303
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
3.80%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,626
Businesses Nearby
Explore this area
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
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 - A fully updated duplex offering two private entrances, a spacious lot, and separate pathways for privacy.
Where is this duplex located?
The property is located at 105 NW 7th Ave 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: Fully updated duplex with private entrances for each unit; Gated access with separate pathways for added privacy; Spacious lot with mature trees, open green space, and a storage shed
