Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$1,400,000
 $7,516 est/mo Sourced by Back At You

851 80th St,Miami Beach, FL 33141

Miami Beach, FL 33141

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Description

A well-maintained four-unit multifamily property in Miami Beach’s North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beach’s fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment. Zoned RM-1 (3900 - Multifamily, 38-62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized. Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.

Details

MLS #A11923537
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1947
Days On Site270
Listing Provided ByFausto Commercial Realty Consultants Inc | Vicente Rodriguez

Features

SQ Feet4,458
Story(s)2
Zoning3900

Exterior

Lot FeaturesLess Than Quarter Acre

Taxes

Tax Annual Amount17758

Area Information

StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33141
Area32
Community NameBISCAYNE BCH SUB
Listing VS Median (in BISCAYNE BCH SUB)
Price:
$1,400,000
low | high
Med:
$2,600
100% of Average
sqft:
4,458
low | high
Med:
600
100% of Average
$ / sqft:
$314
low | high
Med:
$4
100% of Average
On site:
270
low | high
Med:
3
100% of Average
Sourced by Back At You

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33141
Area32
Community NameBISCAYNE BCH SUB
Listing VS Median (in BISCAYNE BCH SUB)
Price:
$1,400,000
low | high
Med:
$2,600
100% of Average
sqft:
4,458
low | high
Med:
600
100% of Average
$ / sqft:
$314
low | high
Med:
$4
100% of Average
On site:
270
low | high
Med:
3
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.5M - $1.75M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
811 81st Street 2 Property Photo 1
$1,750
811 81st Street 2
Miami Beach, FL 33141
733 81st Street Property Photo 1
$915,000
733 81st Street
Miami Beach, FL 33141
733 81st St Property Photo 1
$915,000
733 81st St
Miami Beach, FL 33141
810 82nd Street Property Photo 1
$1,390,000
810 82nd Street
Miami Beach, FL 33141
8031 Hawthorne Avenue Property Photo 1
$1,650,000
8031 Hawthorne Avenue
Miami Beach, FL 33141
Listing Updated: July 15, 2026 at 8:59:00 PM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc