Renovated Detached
For Sale
Under Contract
$599,000
7814 NW 5th Ct, Miami, FL 33150
Residential Income, Miami, FL
Property Size1,679 SF
Price / SF$356.76
Days on Market83
Property Features for 7814 NW 5th Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 6
Parking
2
Subdivision
MARDEN HEIGHTS REMODELED!!
Lot features
< 1/4 Acre
Standard status
Active Under Contract
APN
01-31-12-016-0360
Size
1,679 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
MARDEN HGTS PB 7-146 LOT 38 LOT SIZE 60.000 X 112 OR 15808-3779 0193 1
Tax Annual Amount
6439
Legal Description
MARDEN HGTS PB 7-146 LOT 38 LOT SIZE 60.000 X 112 OR 15808-3779 0193 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1937
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Listing Agency:
The Keyes Company
(305) 931-8920
Listed By:
Claudia Swanes · License #3073625
(305) 978-8685
Added: Jul 18
Changed: Oct 1
Last Checked: Oct 8 at 5:06PM
MLS# A11876984
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This detached duplex contains two separate houses on one lot, totaling 1,679 square feet. The front residence is configured as a functional two-bedroom plus den, one-bath home, while the rear residence offers three bedrooms and two bathrooms. Renovations have been completed, and the rear unit includes brand-new appliances and a new A/C system. The property is offered as-is and includes block construction, ceramic tile flooring, central heating, and central air.
Located in Miami, the property is near the airport, beaches, Wynwood, the Design District, Midtown, and Brickell. It is zoned T5-R and served by public sewer. The front unit is occupied under a Section 8 tenancy, while the rear unit is currently operated as a short-term rental. Showings require 24 to 48 hours’ notice, and tenant privacy must be respected.
Located in Miami, the property is near the airport, beaches, Wynwood, the Design District, Midtown, and Brickell. It is zoned T5-R and served by public sewer. The front unit is occupied under a Section 8 tenancy, while the rear unit is currently operated as a short-term rental. Showings require 24 to 48 hours’ notice, and tenant privacy must be respected.
Key Highlights
- Two separate houses on one lot
- 1,679 square feet with 2 residences
- Front unit: functional 2‑bedroom plus den, 1‑bath layout
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
Lease Details
2
Residential units
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
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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 - Two independent residences occupy one Miami lot, with separate layouts and a short-term rental configuration in the rear home.
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: Two separate houses on one lot; 1,679 square feet with 2 residences; Front unit: functional 2‑bedroom plus den, 1‑bath layout
