Newer Two-Story
New
For Sale
$800,000
7815 NW 4th Avenue, Miami, FL 33150
Fully occupied property with two five-bedroom, three-bathroom residences and separately metered utilities.
Property Size2,880 SF
Lot Size0.16 Acres
Price / SF$277.78
Days on Market3
Property Features for 7815 NW 4th Avenue
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
4
Lot size
0.16 Acres
Property subtype
Residential Income
Zoning
5700
Occupancy
100%
Financials
Asking Price
$800,000
Gross Income
$78,780
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 5BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,375
Building Details
Building Size
2,880 SF
Year Built
2024
Buildings
1
Stories
2
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Vicente Rodriguez · License #3289280
(305) 510-6627
Source:
Laerrealty
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 5:20AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
Completed in 2024, this two-story duplex contains two five-bedroom, three-bathroom units totaling approximately 2,880 square feet of living area. The 7,051-square-foot lot provides outdoor space, while each residence includes stainless-steel appliances, wood cabinetry, granite countertops, and contemporary flooring. Separate water and electric meters assign utility consumption to each unit. The property is fully occupied and generates rental income from both residences.
Located at 7815 NW 4th Avenue, the duplex sits east of I-95 with access to Little River, Miami Shores, Biscayne Boulevard, Wynwood, and Downtown Miami. The property is identified with zoning code 5700 and offers a newer multifamily configuration in a Miami location.
Located at 7815 NW 4th Avenue, the duplex sits east of I-95 with access to Little River, Miami Shores, Biscayne Boulevard, Wynwood, and Downtown Miami. The property is identified with zoning code 5700 and offers a newer multifamily configuration in a Miami location.
Key Highlights
- Two five‑bedroom, three‑bathroom units; 10 bedrooms and six bathrooms total
- Approximately 2,880 square feet on a 7,051‑square‑foot lot
- Completed in 2024
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
$57,760
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
7.22%
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%
$1,155,200
$1.2M
Cap Rate 7%
$825,143
$825.1K
Cap Rate 9%
$641,778
$641.8K
Market Conditions
NOI Build-Up for 2,880 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
$88.1K $30.60/SF
− Vacancy
−$5.6K −$1.95/SF
EGI
$82.5K $28.65/SF
− OpEx
−$24.8K −$8.60/SF
NOI
$57.8K $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%
$1,155,200
Cap Rate 7%
$825,143
Cap Rate 9%
$641,778
Alternative Uses
Best Use
Multifamily LT 5
$825.1K
$722.0K – $962.7K
NOI $57,760 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$760.0K
$665.0K – $886.7K
NOI $53,203 @ 7.0% cap · market cap 6.65%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.27M
NOI $136,081 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,726
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied property with two five-bedroom, three-bathroom residences and separately metered utilities.
Where is this duplex located?
The property is located at 7815 NW 4th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two five‑bedroom, three‑bathroom units; 10 bedrooms and six bathrooms total; Approximately 2,880 square feet on a 7,051‑square‑foot lot; Completed in 2024
