Nanoparticles $Ni_{0.7}Zn_{0.3}Fe_2O_4$ is fabricated by a sol-gel method. The magnetic and structural properties of powders were investigated with XRD, SEM, $Mddot{o}ssbauer$ spectroscopy, and VSM. $Ni_{0.7}Zn_{0.3}Fe_2O_4$ powders annealed at $300^{circ}C$ have a spinel structure and behaved superparamagnetically. The estimated size of $Ni_{0.7}Zn_{0.3}Fe_2O_4$ nanoparticle is about 11 nm. $Ni_{0.7}Zn_{0.3}Fe_2O_4$ annealed at 400 and $500^{circ}C$ has a typical spinel structure and is ferrimagnetic in nature. The isomer shifts indicate that the iron ions were ferric at the tetrahedral (A) and the octahedral (B). Blocking temperature $(T_B);of;Ni_{0.7}Zn_{0.3}Fe_2O_4$ nanoparticle is about 260 K. The magnetic anisotropy constant of $Ni_{0.7}Zn_{0.3}Fe_2O_4$ annealed $300^{circ}C$ were calculated to be $1.7X10^6;ergs/cm^3$. Also, temperature of the sample increased up to $43^{circ}C$ within 7 minutes under AC magnetic field of 7 MHz.