Recertified Fourplex for
1345 Southwest 7th Street Miami, FL 33135
1345 Southwest 7th Street, Miami, FL, 33135
$2,400,000
For Sale
$2,400,000
Fully recertified fourplex with four 2/1 units, all on month-to-month terms, plus separate utilities.
Property Size3,592 SF
Price / SF$668.15
Days on Market378
Property Features for 1345 Southwest 7th Street
General Information
- Standard status
- Active
- Size
- 3,592 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1946
Listing agency
Mari Real Estate & Management Group, Inc
(305) 381-5006
Listed by
Karen Mari · License #3157769
(305) 381-5006
Source
Compass
Added: Jul 10, 2025 Updated: Jul 21 at 12:49PM Checked: Jul 21 at 12:49PM
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 Mari Real Estate & Management Group, Inc
Investment Insights
Based on property information with market context.
Fully recertified fourplex at 1345 SW 7th St featuring four 2/1 units, each currently on month-to-month terms. The property includes major upgrades such as new underground plumbing, separate electric and water meters, and a roof that is approximately 7 years old. Off-street parking is available with 4 spaces plus 1 ADA space.
Zoned T5-O, the site is described as offering redevelopment potential up to 5 stories for mixed residential, retail, or short-term rental use. The address is positioned near Calle Ocho & Jose Marti Park, with travel times noted to Brickell, Downtown, I-95, and SR-836.
The layout is set for a straightforward four-unit rental setup today while maintaining a clear path for future vertical development as permitted under the T5-O zoning designation.
Zoned T5-O, the site is described as offering redevelopment potential up to 5 stories for mixed residential, retail, or short-term rental use. The address is positioned near Calle Ocho & Jose Marti Park, with travel times noted to Brickell, Downtown, I-95, and SR-836.
The layout is set for a straightforward four-unit rental setup today while maintaining a clear path for future vertical development as permitted under the T5-O zoning designation.
Key Highlights
- Fully recertified fourplex built in 1946 with four 2/1 units, all on month‑to‑month terms
- Separate electric and water meters for each unit
- Major upgrades include new underground plumbing and a 7‑year‑old roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.9k | $30.60 |
| − Vacancy | −$7.0k | −$1.95 |
| EGI | $102.9k | $28.65 |
| − OpEx | −$30.9k | −$8.60 |
| NOI | $72.0k | $20.06 |
3,592 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$900.5K – $1.20M
NOI $72,040 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$947.9K
$829.5K – $1.11M
NOI $66,356 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.83M
NOI $169,724 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully recertified fourplex with four 2/1 units, all on month-to-month terms, plus separate utilities.
Where is this quadplex located?
The property is located at 1345 Southwest 7th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Fully recertified fourplex built in 1946 with four 2/1 units, all on month‑to‑month terms; Separate electric and water meters for each unit; Major upgrades include new underground plumbing and a 7‑year‑old roof
