Renovated Duplex with Two 3BR
7814 Northwest 5th Court Miami, FL 33150
For Sale
$665,000
Renovated duplex in Miami with two 3-bedroom units, brand-new appliances, and a new AC system.
Property Size1,679 SF
Price / SF$396.07
Days on Market328
Property Features for 7814 Northwest 5th Court
General Information
- Standard status
- Active
- Size
- 1,679 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1937
Listing Agency:
The Keyes Company
(305) 931-8920
Listed By:
Claudia Swanes · License #3073625
(305) 931-8920
Source:
Compass
Added: Aug 31, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:40AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This renovated duplex at 7814 Northwest 5th Court, Miami, FL 33150 includes two separate residences. The front unit is a 3-bedroom, 1-bath layout rented on a month-to-month basis for $2,700 per month under Section 8. The back unit is a 3-bedroom, 2-bath layout that is currently rented on a short-term basis and was updated with brand-new appliances and a new AC system; it is described as rentable on a yearly basis for $3,000 per month. The property is being sold AS-IS. Reported annual gross rent is $68,400, and expenses noted include water, sewer, and taxes (with an attached bill referenced in the remarks).
The property is identified within T5-R zoning. The remarks indicate access to the airport, beaches, and top attractions as well as proximity to Wynwood, the Design District, Midtown, and Brickell. Please allow 72 hours for showings.
The property is identified within T5-R zoning. The remarks indicate access to the airport, beaches, and top attractions as well as proximity to Wynwood, the Design District, Midtown, and Brickell. Please allow 72 hours for showings.
Key Highlights
- Renovated duplex in Miami with two 3‑bedroom units
- Front unit: 3 Bed/1 Bath rented at $2,700 per month on a month‑to‑month basis (Section 8)
- Second unit: 3 Bed/2 Bath projected to rent up to $3,000 per month on a yearly basis (currently short‑term)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.4k | $30.60 |
| − Vacancy | −$3.3k | −$1.95 |
| EGI | $48.1k | $28.65 |
| − OpEx | −$14.4k | −$8.60 |
| NOI | $33.7k | $20.06 |
1,679 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.0K
$420.9K – $561.2K
NOI $33,673 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$443.1K
$387.7K – $517.0K
NOI $31,017 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$1.13M
$991.7K – $1.32M
NOI $79,334 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex in Miami with two 3-bedroom units, brand-new appliances, and a new AC system.
Where is this duplex located?
The property is located at 7814 Northwest 5th Court Miami, FL.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Renovated duplex in Miami with two 3‑bedroom units; Front unit: 3 Bed/1 Bath rented at $2,700 per month on a month‑to‑month basis (Section 8); Second unit: 3 Bed/2 Bath projected to rent up to $3,000 per month on a yearly basis (currently short‑term)
