5-Unit Apartment
For Sale
Contact for pricing
Pending
5629 SW 7th St, Miami, FL 33134
Five-unit multifamily property includes two 2-bedroom units, two 1-bedroom units, and a studio, sold as-is.
Property Size2,748 SF
Days on Market145
Property Features for 5629 SW 7th St
General Information
Standard status
Pending
Size
2,748 SF
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
0100
Net Operating Income
$86,426
Additional Details
Highway Access
Yes
Multifamily Units
5
Building Details
Year Built
1924
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Miami Residential Group
Listed By:
Cuindney Mantilla · License #3325552
(305) 400-6393
Source:
Crexi
Added: Apr 17
Changed: Aug 8
Last Checked: Jul 24 at 11:58AM
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 Miami Residential Group
Investment Insights
Based on property information with market context.
This 5-unit apartment building for sale includes two 2-bedroom, 1-bath units, two 1-bedroom, 1-bath units, and one studio. One of the 1-bedroom units has been renovated and features its own laundry, along with a private deck and storage areas. The property is being sold as-is.
Located at 5629 SW 7th St, Miami, FL 33134, the property is described as centrally located within a quiet, well-established community. It is close to Brickell and the Gables, near major highways, and within walking distance to shopping and dining.
Financing terms are limited: there is no seller financing, and offers require proof of funds or a bank letter to be considered.
Located at 5629 SW 7th St, Miami, FL 33134, the property is described as centrally located within a quiet, well-established community. It is close to Brickell and the Gables, near major highways, and within walking distance to shopping and dining.
Financing terms are limited: there is no seller financing, and offers require proof of funds or a bank letter to be considered.
Key Highlights
- Five‑unit multifamily property sold as‑is
- Unit mix: two 2‑bedroom/1‑bath units, two 1‑bedroom/1‑bath units, and one studio
- Renovated 1‑bedroom/1‑bath unit includes its own laundry, private deck, and storage areas
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
$50,765
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
5.10%
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%
$1,015,300
$1.0M
Cap Rate 7%
$725,214
$725.2K
Cap Rate 9%
$564,056
$564.1K
Market Conditions
NOI Build-Up for 2,748 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
$98.9K $36.00/SF
− Vacancy
−$6.6K −$2.41/SF
EGI
$92.3K $33.59/SF
− OpEx
−$41.5K −$15.11/SF
NOI
$50.8K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,015,300
Cap Rate 7%
$725,214
Cap Rate 9%
$564,056
Alternative Uses
Best Use
Apartment 5plus
$725.2K
$634.6K – $846.1K
NOI $50,765 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,844 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,698
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
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?
Apartment building - Five-unit multifamily property includes two 2-bedroom units, two 1-bedroom units, and a studio, sold as-is.
Where is this apartment building located?
The property is located at 5629 SW 7th St Miami, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Five‑unit multifamily property sold as‑is; Unit mix: two 2‑bedroom/1‑bath units, two 1‑bedroom/1‑bath units, and one studio; Renovated 1‑bedroom/1‑bath unit includes its own laundry, private deck, and storage areas
