4-Unit Multifamily
For Sale
$1,600,000
7610 Dickens Avenue, Miami Beach, FL 33141
Two stories contain a mix of one- and two-bedroom apartments, each with one bathroom.
Property Size1,895 SF
Price / SF$437.76
Days on Market16
Property Features for 7610 Dickens Avenue
General Information
Standard status
Active
Size
1,895 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
3900
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$17,018
Building Details
Building Size
1,895 SF
Year Built
1951
Stories
2
Listing Agency:
Real Estate Sales Force
Listed By:
Karen Gomez · License #3343346
(305) 298-5991
Source:
Laerrealty
Added: Sep 24
Changed: Sep 26
Last Checked: Oct 9 at 5:25PM
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
Investment Insights
Based on property information with market context.
This two-story multifamily property contains 3,655 square feet and four apartments. Two units have two bedrooms and one bathroom apiece; the other two each offer one bedroom and one bathroom. The property was built in 1951 and is identified with zoning code 3900.
At 7610 Dickens Avenue in Miami Beach, the building is described as a few blocks from the beach, dining, and shopping. The location and apartment mix provide the defining physical and neighborhood details of the property.
At 7610 Dickens Avenue in Miami Beach, the building is described as a few blocks from the beach, dining, and shopping. The location and apartment mix provide the defining physical and neighborhood details of the property.
Key Highlights
- Four apartments: two with 2 bedrooms and 1 bathroom each, plus two with 1 bedroom and 1 bathroom each
- Two‑story building with 3,655 square feet
- Built in 1951
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,928
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,560
$1.2M
Cap Rate 7%
$870,400
$870.4K
Cap Rate 9%
$676,978
$677.0K
Market Conditions
NOI Build-Up for 3,655 SF
Gross rent
$92.1K $25.20/SF
− Vacancy
−$5.1K −$1.39/SF
EGI
$87.0K $23.81/SF
− OpEx
−$26.1K −$7.14/SF
NOI
$60.9K $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 Rate 5%
$1,218,560
Cap Rate 7%
$870,400
Cap Rate 9%
$676,978
Alternative Uses
Best Use
Multifamily LT 5
$870.4K
$761.6K – $1.02M
NOI $60,928 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$803.0K
$702.6K – $936.9K
NOI $56,211 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,803 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,084
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two stories contain a mix of one- and two-bedroom apartments, each with one bathroom.
Where is this quadplex located?
The property is located at 7610 Dickens Avenue 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 apartments: two with 2 bedrooms and 1 bathroom each, plus two with 1 bedroom and 1 bathroom each; Two‑story building with 3,655 square feet; Built in 1951
