4-Unit Multifamily
7610 Dickens Ave, Miami Beach, FL 33141
For Sale
$1,600,000
Two-bedroom and one-bedroom residences are arranged across two levels.
Property Size3,655 SF
Days on Market51
Property Features for 7610 Dickens Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Real Estate Sales Force
Listed By:
Karen Gomez · License FL #3343346
(305) 298-5991
Source:
Miamibrokersgroup
Added: Sep 21
Changed: Nov 9
Last Checked: Nov 8 at 2:48PM
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 Real Estate Sales Force
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Investment Insights
Based on property information with market context.
This 3,655-square-foot multifamily property in Miami Beach contains four residences within a two-story building. The unit mix includes two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Built in 1951, the property offers a range of residential layouts in a compact configuration.
The address is 7610 Dickens Ave, Miami Beach, Florida. The property is described as a few blocks from the beach, as well as nearby dining and shopping.
The address is 7610 Dickens Ave, Miami Beach, Florida. The property is described as a few blocks from the beach, as well as nearby dining and shopping.
Key Highlights
- Four residential units: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- 3,655 square feet across two stories
- Built in 1951
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,717
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,340
$1.1M
Cap Rate 7%
$810,243
$810.2K
Cap Rate 9%
$630,189
$630.2K
Market Conditions
NOI Build-Up for 3,655 SF
Gross rent
$110.5K $30.24/SF
− Vacancy
−$7.4K −$2.03/SF
EGI
$103.1K $28.21/SF
− OpEx
−$46.4K −$12.70/SF
NOI
$56.7K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,340
Cap Rate 7%
$810,243
Cap Rate 9%
$630,189
Alternative Uses
Best Use
Apartment 5plus
$810.2K
$709.0K – $945.3K
NOI $56,717 @ 7.0% cap · market cap 3.54%
Second Best
Multifamily LT 5
$613.0K
$536.4K – $715.2K
NOI $42,911 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,713 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
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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
$434,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Miami Beach, FL
Properties on Market for Quadplexes in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-bedroom and one-bedroom residences are arranged across two levels.
Where is this quadplex located?
The property is located at 7610 Dickens 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 residential units: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; 3,655 square feet across two stories; Built in 1951
