Two-Unit
New
For Sale
$525,000
6716 NW 6th Ave, Miami, FL 33150
Residential Income, Miami, FL
Property Size1,499 SF
Price / SF$350.23
Days on Market2
Property Features for 6716 NW 6th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking
6
Exterior features
Balcony
Subdivision
7TH AVENUE HIGHLANDS
Lot features
< 1/4 Acre
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Active
APN
01-31-13-024-1660
Size
1,499 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SEVENTH AVE HIGHLANDS PB 14-13 LOT 18 BLK 9 LOT SIZE 40.000 X 100 OR 21076-1063 02 2003 1 COC 26121-3001 12 2007 4
Tax Annual Amount
6982
Legal Description
SEVENTH AVE HIGHLANDS PB 14-13 LOT 18 BLK 9 LOT SIZE 40.000 X 100 OR 21076-1063 02 2003 1 COC 26121-3001 12 2007 4
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
metal perimeter gate
washer and dryer
new mini-split systems
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile
Building materials
Block
Roof type
Flat, Shingle
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Gerry Machado · License #3450122
(407) 452-8565
Added: Sep 28
Last Checked: Sep 29 at 1:06AM
MLS# A12096811
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,499-square-foot, two-story duplex was built in 1925 and is legally classified as a single-family home. It is arranged as two separate residences. The remodeled upper unit has two bedrooms, one bathroom, and a washer and dryer; the lower unit is tenant-occupied. A new roof is awaiting final inspection, and a metal gate surrounds the property. The building is offered in as-is condition.
At 6716 NW 6th Ave, the property is minutes from I-95. The existing configuration includes an occupied unit and a vacant upper residence being marketed for rent.
At 6716 NW 6th Ave, the property is minutes from I-95. The existing configuration includes an occupied unit and a vacant upper residence being marketed for rent.
Key Highlights
- Two‑story property with 1,499 square feet, legally classified as a single‑family home
- Configured as two separate residences; lower unit is tenant‑occupied
- Remodeled upper unit has 2 bedrooms, 1 bathroom, and a washer and dryer
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
$30,063
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
5.73%
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%
$601,260
$601.3K
Cap Rate 7%
$429,471
$429.5K
Cap Rate 9%
$334,033
$334.0K
Market Conditions
NOI Build-Up for 1,499 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
$45.9K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$42.9K $28.65/SF
− OpEx
−$12.9K −$8.60/SF
NOI
$30.1K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /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%
$601,260
Cap Rate 7%
$429,471
Cap Rate 9%
$334,033
Alternative Uses
Best Use
Multifamily LT 5
$429.5K
$375.8K – $501.1K
NOI $30,063 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$395.6K
$346.2K – $461.5K
NOI $27,692 @ 7.0% cap · market cap 5.27%
Theoretical Best
Specialty Retail
$1.01M
$885.4K – $1.18M
NOI $70,828 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The two-story layout combines an occupied lower residence with a remodeled, vacant upper unit.
Where is this duplex located?
The property is located at 6716 NW 6th Ave Miami, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑story property with 1,499 square feet, legally classified as a single‑family home; Configured as two separate residences; lower unit is tenant‑occupied; Remodeled upper unit has 2 bedrooms, 1 bathroom, and a washer and dryer
