5-Unit Apartment
5629 SW 7th St Miami, FL 33134
5629 SW 7th St, Miami, FL, 33134
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For Sale
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Five-unit multifamily property includes two 2-bedroom units, two 1-bedroom units, and a studio, sold as-is.
Property Size2,748 SF
Price / SF$362.08
Days on Market98
Property Features for 5629 SW 7th St
General Information
- Standard status
- Active
- Size
- 2,748 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1924
Listing agency
Miami Residential Group
Listed by
Cuindney Mantilla · License #3325552
Source
Crexi
Added: Apr 17 Updated: Jul 22 at 8:19PM Checked: Jul 22 at 8:19PM
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
Local Financial Insights For Apartment 5plus
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 | $98.9k | $36.00 |
| − Vacancy | −$6.6k | −$2.41 |
| EGI | $92.3k | $33.59 |
| − OpEx | −$41.5k | −$15.11 |
| NOI | $50.8k | $18.47 |
2,748 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
