Miami Duplex with Rental
For Sale
$735,000
7710 NE 1st Ct, Miami, FL 33138
Charming duplex in Miami with income potential and modern amenities.
Property Size1,248 SF
Days on Market269
Property Features for 7710 NE 1st Ct
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$4,935
Building Details
Building Size
1,248 SF
Year Built
1951
Stories
1
Listing Agency:
BP Global Realty, LLC
(772) 245-6588
Listed By:
Melissa Anteola · License #3413829
(772) 245-6588
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 13
Last Checked: Aug 23 at 9:10AM
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 BP Global Realty, LLC
Investment Insights
Based on property information with market context.
This duplex in Miami presents an opportunity for investors and homeowners seeking rental income or multi-generational living. The property features two separate one-bedroom, one-bathroom units suitable for rental income, short-term rentals, or extended family living. Modern amenities include updated kitchens, stainless steel appliances, a laundry room, tile flooring, and a new HVAC system. Each unit has separate water and electric meters. The property is located within minutes of the airport, beach, and local attractions such as Wynwood, the Design District, Midtown, Brickell, and various shopping centers. Zoned T5-R, the property offers dual rental income potential and is located in a prime location.
Key Highlights
- Dual Income Potential: Two separate 1 bed/1 bath units ideal for rental income or multi‑generational living.
- Prime Miami Location: Minutes from the airport, beach, Wynwood, Design District, Midtown, and Brickell.
- Updated Modern Amenities: Features updated kitchens, stainless steel appliances, laundry room, and tile flooring.
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
$25,029
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
3.41%
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%
$500,580
$500.6K
Cap Rate 7%
$357,557
$357.6K
Cap Rate 9%
$278,100
$278.1K
Market Conditions
NOI Build-Up for 1,248 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
$38.2K $30.60/SF
− Vacancy
−$2.4K −$1.95/SF
EGI
$35.8K $28.65/SF
− OpEx
−$10.7K −$8.60/SF
NOI
$25.0K $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%
$500,580
Cap Rate 7%
$357,557
Cap Rate 9%
$278,100
Alternative Uses
Best Use
Multifamily LT 5
$357.6K
$312.9K – $417.2K
NOI $25,029 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$329.4K
$288.2K – $384.3K
NOI $23,055 @ 7.0% cap · market cap 3.14%
Theoretical Best
Specialty Retail
$842.4K
$737.1K – $982.8K
NOI $58,969 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,891
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
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 - Charming duplex in Miami with income potential and modern amenities.
Where is this duplex located?
The property is located at 7710 NE 1st Ct Miami, FL.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Dual Income Potential: Two separate 1 bed/1 bath units ideal for rental income or multi‑generational living.; Prime Miami Location: Minutes from the airport, beach, Wynwood, Design District, Midtown, and Brickell.; Updated Modern Amenities: Features updated kitchens, stainless steel appliances, laundry room, and tile flooring.
