Remodeled Duplex Near Miami
For Sale
$599,000
Pending
7814 NW 5th Ct, Miami, FL 33150
Completely remodeled duplex with income potential near Miami attractions.
Property Size1,679 SF
Days on Market393
Property Features for 7814 NW 5th Ct
General Information
Standard status
Pending
Size
1,679 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,439
Building Details
Building Size
1,679 SF
Year Built
1937
Listing Agency:
The Keyes Company
Listed By:
Claudia Swanes · License #3073625
(305) 978-8685
Source:
Casacollectiongroup
Added: Sep 11, 2025
Changed: Oct 2
Last Checked: Oct 7 at 5:02PM
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 completely remodeled duplex features updated roofing, flooring, plumbing, and electrical systems. The front unit, currently rented to Section 8 tenants for $2,700 per month on a month-to-month basis, is a 3-bedroom, 1-bathroom layout. The back unit, a 3-bedroom, 2-bathroom configuration, is projected to rent for $3,000 per month on a yearly basis; it is currently rented on a short-term basis and includes brand-new appliances and a new AC system. The property is located close to the airport, beaches, Wynwood, the Design District, Midtown, and Brickell. The property has T5-R zoning. The gross annual rental income is projected to be $68,400. Expenses include water, sewer, and taxes.
Key Highlights
- High income potential: $68,400 gross annual rent
- Completely remodeled, including roof, floors, plumbing, and electric
- Second unit offers potential for $3,000/month rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,673
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,460
$673.5K
Cap Rate 7%
$481,043
$481.0K
Cap Rate 9%
$374,144
$374.1K
Market Conditions
NOI Build-Up for 1,679 SF
Gross rent
$51.4K $30.60/SF
− Vacancy
−$3.3K −$1.95/SF
EGI
$48.1K $28.65/SF
− OpEx
−$14.4K −$8.60/SF
NOI
$33.7K $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 Rate 5%
$673,460
Cap Rate 7%
$481,043
Cap Rate 9%
$374,144
Alternative Uses
Best Use
Multifamily LT 5
$481.0K
$420.9K – $561.2K
NOI $33,673 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$443.1K
$387.7K – $517.0K
NOI $31,017 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$1.13M
$991.7K – $1.32M
NOI $79,334 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,180
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Completely remodeled duplex with income potential near Miami attractions.
Where is this duplex located?
The property is located at 7814 NW 5th Ct Miami, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: High income potential: $68,400 gross annual rent; Completely remodeled, including roof, floors, plumbing, and electric; Second unit offers potential for $3,000/month rent
