Renovated Multifamily Building in
For Sale
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7320 Carlyle Ave, Miami Beach, FL 33141
Four renovated units, ideal for investors in a desired sector.
Property Size3,707 SF
Price / SF$431.62
Days on Market859
Property Features for 7320 Carlyle Ave
General Information
Standard status
Active
Size
3,707 SF
Property subtype
Multifamily
Building Details
Year Built
1952
Listing Agency:
Miami Beach Real Estate Group
Listed By:
Monica Villalva · License #3571920
Source:
Crexi
Added: May 2, 2024
Changed: Sep 3
Last Checked: Sep 7 at 3:33AM
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 Beach Real Estate Group
Investment Insights
Based on property information with market context.
This multifamily building features four fully renovated, income-ready units. The property includes two apartments with two bedrooms and one bathroom each, and two apartments with one bedroom and one bathroom each. The property size is 3707 square feet. This property is located in Miami Beach, Florida.
Key Highlights
- Four fully renovated, income‑ready units.
- Attractive mix of unit types: two 2‑bedroom/1‑bathroom and two 1‑bedroom/1‑bathroom apartments.
- Ideal for investors seeking a profitable property.
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
$61,795
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
3.86%
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%
$1,235,900
$1.2M
Cap Rate 7%
$882,786
$882.8K
Cap Rate 9%
$686,611
$686.6K
Market Conditions
NOI Build-Up for 3,707 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
$93.4K $25.20/SF
− Vacancy
−$5.1K −$1.39/SF
EGI
$88.3K $23.81/SF
− OpEx
−$26.5K −$7.14/SF
NOI
$61.8K $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%
$1,235,900
Cap Rate 7%
$882,786
Cap Rate 9%
$686,611
Alternative Uses
Best Use
Multifamily LT 5
$882.8K
$772.4K – $1.03M
NOI $61,795 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$814.4K
$712.6K – $950.2K
NOI $57,011 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,650 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
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?
Quadplex - Four renovated units, ideal for investors in a desired sector.
Where is this quadplex located?
The property is located at 7320 Carlyle Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Four fully renovated, income‑ready units.; Attractive mix of unit types: two 2‑bedroom/1‑bathroom and two 1‑bedroom/1‑bathroom apartments.; Ideal for investors seeking a profitable property.
