Multifamily Property with Two
For Sale
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5050 NW 7th St #712, Miami, FL 33126
Multifamily property featuring two units, ideal for residential income.
Property Size971 SF
Price / SF$411.95
Days on Market163
Property Features for 5050 NW 7th St #712
General Information
Standard status
Active
Size
971 SF
Property subtype
Multifamily
Building Details
Year Built
1958
Listing Agency:
DH Invest
(305) 812-2853
Listed By:
Denise Haeussler Leatherbee · License #3401909
Source:
Crexi
Added: Feb 24
Changed: Jul 6
Last Checked: Jul 23 at 1:42PM
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 DH Invest
Investment Insights
Based on property information with market context.
This multifamily property features two units. The property is suitable for residential income purposes. The building has a size of 971 square feet.
Key Highlights
- Multifamily property offering a great investment opportunity.
- Features 2 units.
- Built in 1958.
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 | $29.7k | $30.60 |
| − Vacancy | −$1.9k | −$1.95 |
| EGI | $27.8k | $28.65 |
| − OpEx | −$8.3k | −$8.60 |
| NOI | $19.5k | $20.06 |
971 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.2K
$243.4K – $324.6K
NOI $19,474 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$256.3K
$224.2K – $299.0K
NOI $17,938 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$655.4K
$573.5K – $764.7K
NOI $45,880 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,027
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
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 - Multifamily property featuring two units, ideal for residential income.
Where is this duplex located?
The property is located at 5050 NW 7th St #712 Miami, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Multifamily property offering a great investment opportunity.; Features 2 units.; Built in 1958.
