Renovated Duplex With Two
For Sale
$599,000
7814 NW 5th Ct, Miami, FL 33150
Residential Income, Miami, FL
Property Size1,679 SF
Price / SF$356.76
Days on Market37
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
Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1
Parking
2
Subdivision
MARDEN HEIGHTS REMODELED!!
Lot features
< 1/4 Acre
Standard status
Active
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: Aug 20
Last Checked: Aug 23 at 7:06PM
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 renovated duplex comprises two detached residences on a single lot, with 1,679 square feet of total property size. The front home is configured as a two-bedroom plus den, one-bath residence and is occupied under a Section 8 tenancy. The rear home has three bedrooms and two bathrooms, along with new appliances and a new A/C system. The property is offered in its existing condition.
The site is located at 7814 NW 5th Ct in Miami, within Miami-Dade County. It is zoned T5-R and served by public sewer, with cable availability. Both residences have central air, central heating, and ceramic tile flooring. The airport, beaches, Wynwood, the Design District, Midtown, and Brickell are identified as nearby destinations.
The site is located at 7814 NW 5th Ct in Miami, within Miami-Dade County. It is zoned T5-R and served by public sewer, with cable availability. Both residences have central air, central heating, and ceramic tile flooring. The airport, beaches, Wynwood, the Design District, Midtown, and Brickell are identified as nearby destinations.
Key Highlights
- Two detached houses on one lot
- 1,679 square feet of total property size
- Front residence configured as 2 bedrooms plus den 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
$33,673
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
5.62%
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%
$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
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
$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 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%
$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
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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 detached residences share one lot and offer separate layouts, central cooling, and ceramic tile flooring.
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 detached houses on one lot; 1,679 square feet of total property size; Front residence configured as 2 bedrooms plus den and 1 bathroom
