1000 7th St
Miami Beach, FL 33139 · multi_family · For Sale · 181 days on market
Asking price$4,400,000
3 beds 2 baths 7,868 sqft
Suggested offer$4,016,535$383,465 above the est. market value of $4,016,535.
View on Realtor.com →Listed by Ricky Kallabat · Keller Williams Capital Realty
Typemulti_family
Built1951
Price / sqft$559
Est. value (own analysis)$4,016,535
Rent estimate (building total, own analysis)$36,744/mo
HOANone
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Statusfor_sale
Listed date2026-03-05
Removed date—
MLSMiamiMLS #A11975535
Coordinates25.77685, -80.13871
Address1000 7th St
CityMiami Beach
StateFL
Zip33139
Listing ID9937200517
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33139)
Typical home value (ZHVI)$471,015
Typical rent (ZORI)$2,928/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $4,400,000 |
| Down payment (20.0%) | $880,000 |
| Loan amount | $3,520,000 |
| Closing costs (5.0%) | $220,000 |
| Total cash to close | $1,100,000 |
| Income | |
| Rent (estimate) | $36,744$440,923 |
| Vacancy loss (8.0%) | |
| Effective gross income | $33,804$405,649 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,967$83,600 |
| Insurance (placeholder 0.8% of price) | $2,933$35,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,837$22,046 |
| Total operating expenses | $11,737$140,846 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $1,837$22,046 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 901 Pennsylvania Ave | multi_family | — | — | — | $3,250,000 | 2026-08-24 |
| 1580 Bay Rd | multi_family | 8 | 6 | 4,500 | $3,000,000 | 2026-08-07 |
| 335 Washington Ave | multi_family | 4 | 2 | 2,253 | $3,250,000 | 2026-08-06 |
| 745-747 Lenox Ave | multi_family | — | — | 1,760 | $2,950,000 | 2026-03-20 |
| 1534 Euclid Ave | multi_family | — | — | 3,990 | $2,000,000 | 2026-02-27 |
| 1150 8th St | multi_family | 10 | 6 | 5,426 | $2,820,000 | 2026-01-16 |
| 1124 Pennsylvania Ave | multi_family | — | — | 8,140 | $2,900,000 | 2025-10-31 |
| 660 Lenox Ave | multi_family | — | — | 4,213 | $1,975,000 | 2025-09-10 |
| 650 Lenox Ave | multi_family | — | — | 4,213 | $1,975,000 | 2025-09-10 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1000 Venetian Way Apt 403 | condos | 3 | 3 | 2,445 | $2,250,000 | — |
| 1000 Venetian Way Apt 1902 | condos | 3 | 3 | 2,010 | $2,100,000 | — |
| 109 1st Dilido Ter | single_family | 3 | 4 | 2,481 | $4,450,000 | — |
| 1324 Lenox Ave | single_family | 3 | 2 | 1,804 | $1,600,000 | — |
| 288 Palm Ave | single_family | 3 | 3 | 2,022 | $4,250,000 | — |
| single_family | 3 | 4 | 3,029 | $13,000,000 | — | |
| 1800 Sunset Harbour Dr Unit 1212 | condos | 3 | 3 | 1,900 | $2,225,000 | — |
| 1853 Jefferson Ave Apt 6 | townhomes | 3 | 4 | 1,430 | $995,000 | — |
10-year hold projection
IRR9.1%
Equity multiple2.43x
Total return (10yr)$2,148,143
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,532,000 | $264,803 | -$28,689 | $3,481,835 | $1,050,165 |
| 2 | $4,667,960 | $273,451 | -$20,592 | $3,441,050 | $1,226,910 |
| 3 | $4,807,999 | $282,376 | -$12,231 | $3,397,464 | $1,410,535 |
| 4 | $4,952,239 | $291,588 | -$3,599 | $3,350,884 | $1,601,354 |
| 5 | $5,100,806 | $301,094 | $5,313 | $3,301,106 | $1,799,700 |
| 6 | $5,253,830 | $310,904 | $14,515 | $3,247,910 | $2,005,920 |
| 7 | $5,411,445 | $321,028 | $24,015 | $3,191,061 | $2,220,384 |
| 8 | $5,573,788 | $331,475 | $33,824 | $3,130,307 | $2,443,481 |
| 9 | $5,741,002 | $342,257 | $43,950 | $3,065,382 | $2,675,620 |
| 10 | $5,913,232 | $353,382 | $54,404 | $2,995,998 | $2,917,234 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.