$2,600,000

1 NE 78th St, Miami FL 33138

About This Property

13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. Offered at $2,600,000, the property generates an in- place NOI of approximately $191,000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.

Property Details

Location

Leaflet | © OpenStreetMap contributors

Satellite

+−

Hold Ctrl + scroll to zoom the map

Similar Properties

1 of 29

For Sale

Multi Family

$2,590,000

8270 NE 1st Pl, Miami FL 33138

5 Units3,271 SF

1 of 21

For Sale

Multi Family

$2,350,000

648 NE 80th St, Miami FL 33138

12 Units5,677 SF

1 of 52

For Sale

Quadruplex

$2,900,000

499 NE 64TH Street, Miami FL 33138

4 Units2,483 SF

1 of 23

For Sale

Multi Family

$1,995,000

1385 NE 105th St, Miami Shores FL 33138

6 Units4,767 SF

1 of 42

For Sale

Multi Family

$2,600,000

840 NW 4th St, Miami FL 33128

9 Units8,312 SF

1 of 46

For Sale

Quadruplex

$2,600,000

840 SW 13th Ave, Miami FL 33135

0 Units4,097 SF