Two-Story Duplex with Impact
7823 NW 5th Ave, Miami, FL 33150
For Sale
$1,175,000
Each residence has four bedrooms and three bathrooms arranged across two levels.
Property Size3,408 SF
Price / SF$344.78
Days on Market279
Property Features for 7823 NW 5th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
tile flooring
granite countertops
white cabinets
impact windows
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
South Florida Realty LLC
Listed By:
Richard Deeb · License FL #3046121
(305) 978-5627
Source:
Rgirealty
Added: Feb 5
Changed: Nov 7
Last Checked: Nov 10 at 5:07PM
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 South Florida Realty LLC
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Investment Insights
Based on property information with market context.
This two-story duplex contains two residences, each with four bedrooms and three bathrooms. In each unit, three bedrooms and two bathrooms are upstairs, with one bedroom and one bathroom on the ground level. The 3,408-square-foot property was built in 2026 and has tile flooring, granite kitchen surfaces, white cabinetry, and impact windows. Its certificate of occupancy is complete, and the property is finished.
Separate utility service includes two electric meters and two water meters.
Separate utility service includes two electric meters and two water meters.
Key Highlights
- Two residences, each with 4 bedrooms and 3 bathrooms
- Each unit has 3 bedrooms and 2 bathrooms upstairs, plus 1 bedroom and 1 bathroom downstairs
- 3,408 square feet; built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,349
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,980
$1.4M
Cap Rate 7%
$976,414
$976.4K
Cap Rate 9%
$759,433
$759.4K
Market Conditions
NOI Build-Up for 3,408 SF
Gross rent
$104.3K $30.60/SF
− Vacancy
−$6.6K −$1.95/SF
EGI
$97.6K $28.65/SF
− OpEx
−$29.3K −$8.60/SF
NOI
$68.3K $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%
$1,366,980
Cap Rate 7%
$976,414
Cap Rate 9%
$759,433
Alternative Uses
Best Use
Multifamily LT 5
$976.4K
$854.4K – $1.14M
NOI $68,349 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$899.4K
$787.0K – $1.05M
NOI $62,957 @ 7.0% cap · market cap 5.36%
Theoretical Best
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $161,030 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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
$377,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has four bedrooms and three bathrooms arranged across two levels.
Where is this duplex located?
The property is located at 7823 NW 5th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 3 bathrooms; Each unit has 3 bedrooms and 2 bathrooms upstairs, plus 1 bedroom and 1 bathroom downstairs; 3,408 square feet; built in 2026
