Duplex with Quartz
New
For Sale
Contact for pricing
634 SW 7th St, Homestead, FL 33030
Two three-bedroom residences feature contemporary finishes and the flexibility to occupy one unit while renting the other.
Property Size2,541 SF
Price / SF$267.61
Days on Market6
Property Features for 634 SW 7th St
General Information
Standard status
Active
Size
2,541 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
9301
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2025
Buildings
1
Stories
2
Listing Agency:
Prestige Sales Group
(305) 992-1911
Listed By:
Maritza Salas · License #3187757
Source:
Crexi
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 3:52AM
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 Prestige Sales Group
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residences, each arranged with 3 bedrooms and 2 bathrooms. Interior finishes include porcelain tile floors, quartz countertops, white wood cabinetry, chrome fixtures, and stainless-steel appliances. High-impact windows and doors add security and support energy efficiency. The configuration accommodates owner occupancy in one residence alongside rental use of the other.
The property is located at 634 SW 7th St, Homestead, FL 33030, and carries zoning designation 9301. Both units are presented as move-in ready, with durable finishes and a contemporary interior package suited to residential income use.
The property is located at 634 SW 7th St, Homestead, FL 33030, and carries zoning designation 9301. Both units are presented as move-in ready, with durable finishes and a contemporary interior package suited to residential income use.
Key Highlights
- Two‑unit duplex completed in 2025
- Each residence includes 3 bedrooms and 2 bathrooms
- Porcelain tile flooring, quartz countertops, and white wood cabinetry
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
$42,358
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
6.23%
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%
$847,160
$847.2K
Cap Rate 7%
$605,114
$605.1K
Cap Rate 9%
$470,644
$470.6K
Market Conditions
NOI Build-Up for 2,541 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
$64.0K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.5K $23.81/SF
− OpEx
−$18.2K −$7.14/SF
NOI
$42.4K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$847,160
Cap Rate 7%
$605,114
Cap Rate 9%
$470,644
Alternative Uses
Best Use
Multifamily LT 5
$605.1K
$529.5K – $706.0K
NOI $42,358 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$558.3K
$488.5K – $651.3K
NOI $39,079 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,241 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
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?
Duplex - Two three-bedroom residences feature contemporary finishes and the flexibility to occupy one unit while renting the other.
Where is this duplex located?
The property is located at 634 SW 7th St Homestead, FL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2025; Each residence includes 3 bedrooms and 2 bathrooms; Porcelain tile flooring, quartz countertops, and white wood cabinetry
