Remodeled Two-Unit
New
For Sale
$560,000
7770 NW 9th Avenue, Miami, FL 33150
Two updated residences provide flexible occupancy, with on-site laundry and a generous yard featuring a mature mango tree.
Property Size1,568 SF
Price / SF$417.29
Days on Market4
Property Features for 7770 NW 9th Avenue
General Information
Standard status
Active
Size
1,568 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
5700
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,508
Building Details
Building Size
1,568 SF
Year Built
1936
Stories
1
Listing Agency:
Real Estate Sales Force
(786) 546-9223
Listed By:
Bryan Ozuna · License #3345322
(786) 546-9223
Source:
Laerrealty
Added: Aug 8
Changed: Aug 11
Last Checked: Aug 11 at 4:45AM
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 1,342-square-foot duplex contains two separate residences within a 1936 building. The front unit offers three bedrooms and one bathroom, while the rear unit includes one bedroom and one bathroom. Both residences have been remodeled and are vacant for immediate occupancy. The property also includes a newer roof, updated plumbing and electrical systems, and on-site washer and dryer access.
Located at 7770 NW 9th Avenue in Miami, Florida, the property includes a generous yard with a mature mango tree. Zoning is designated as 5700. The two-unit layout accommodates a range of ownership and occupancy arrangements, including use of one residence while occupying or leasing the other.
Located at 7770 NW 9th Avenue in Miami, Florida, the property includes a generous yard with a mature mango tree. Zoning is designated as 5700. The two-unit layout accommodates a range of ownership and occupancy arrangements, including use of one residence while occupying or leasing the other.
Key Highlights
- Two‑unit duplex with 1,342 square feet
- Front residence has 3 bedrooms and 1 bathroom
- Rear residence has 1 bedroom and 1 bathroom
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
$26,915
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
4.81%
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%
$538,300
$538.3K
Cap Rate 7%
$384,500
$384.5K
Cap Rate 9%
$299,056
$299.1K
Market Conditions
NOI Build-Up for 1,342 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
$41.1K $30.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$38.4K $28.65/SF
− OpEx
−$11.5K −$8.60/SF
NOI
$26.9K $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%
$538,300
Cap Rate 7%
$384,500
Cap Rate 9%
$299,056
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.4K – $448.6K
NOI $26,915 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$354.2K
$309.9K – $413.2K
NOI $24,791 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$905.9K
$792.6K – $1.06M
NOI $63,410 @ 7.0% cap · market cap 11.32%
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
950
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
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 updated residences provide flexible occupancy, with on-site laundry and a generous yard featuring a mature mango tree.
Where is this duplex located?
The property is located at 7770 NW 9th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,342 square feet; Front residence has 3 bedrooms and 1 bathroom; Rear residence has 1 bedroom and 1 bathroom
