8-Unit Apartment Building with
For Sale
$2,375,000
1125 NE 80th Street, Miami, FL 33138
MULTI_FAMILY - Miami, FL
Property Size4,600 SF
Lot Size0.29 Acres
Price / SF$516.30
Days on Market109
Property Features for 1125 NE 80th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
4600
Bedrooms
8
Full bathrooms
8
Rooms
Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 8, Bedroom 1, Bathroom 7, Bedroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bathroom 8, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 5, Bathroom 6
Window features
Blinds
Pets allowed
Yes, Dogs OK, Cats OK
Exterior features
Courtyard, Garden
Fencing
Fenced
Subdivision
CAUSEWAY BAYFRONTS
Lot features
Oversized Lot
Middle school
Horace Mann
High school
Miami Edison
Standard status
Active
APN
0132080110170
Size
4,600 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAUSEWAY BAYFRONTS PB 44-60 LOTS 3 & 4 BLK 3 LOT SIZE 12516 SQ FT OR 10543-1018 1079 1 COC 21547-2816 07 2003 1
Tax Annual Amount
26655
Legal Description
CAUSEWAY BAYFRONTS PB 44-60 LOTS 3 & 4 BLK 3 LOT SIZE 12516 SQ FT OR 10543-1018 1079 1 COC 21547-2816 07 2003 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
courtyard
on-site laundry
Building Details
Year built
1956
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block
Roof type
Tile
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Steven M. Grossman, PA · License #3372785
(305) 319-0879
Added: Apr 20
Changed: Aug 5
Last Checked: Aug 6 at 4:06AM
MLS# B26018137
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated apartment building offers 8 units and was renovated in 2023. The property includes a landscaped courtyard and exterior courtyard/garden features, along with on-site laundry facilities for resident convenience. Construction is block, and the building includes vinyl flooring throughout. Cooling is provided via wall/window unit(s), and the roof is tile.
Set on a 12,516 SF lot, the property is located about half a block from Biscayne Bay in Miami’s Shorecrest area, east of Biscayne Boulevard. Water and sewer services are provided by public systems, and cable is available. The property also has 9 dedicated parking spaces.
Built in 1956, this is an 8-unit residential income asset well suited for investors seeking a stabilized, fully renovated property with immediate operational utility features such as courtyard space and on-site laundry.
Set on a 12,516 SF lot, the property is located about half a block from Biscayne Bay in Miami’s Shorecrest area, east of Biscayne Boulevard. Water and sewer services are provided by public systems, and cable is available. The property also has 9 dedicated parking spaces.
Built in 1956, this is an 8-unit residential income asset well suited for investors seeking a stabilized, fully renovated property with immediate operational utility features such as courtyard space and on-site laundry.
Key Highlights
- Renovated in 2023 and presented as turnkey with 8 units
- Landscaped courtyard plus exterior courtyard and garden features
- On‑site laundry facilities for residents
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.6k | $36.00 |
| − Vacancy | −$11.1k | −$2.41 |
| EGI | $154.5k | $33.59 |
| − OpEx | −$69.5k | −$15.11 |
| NOI | $85.0k | $18.47 |
4,600 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $84,978 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.11M
$2.72M – $3.62M
NOI $217,352 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 8-unit apartment building with a landscaped courtyard, on-site laundry, and 9 dedicated parking spaces.
Where is this apartment building located?
The property is located at 1125 NE 80th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Renovated in 2023 and presented as turnkey with 8 units; Landscaped courtyard plus exterior courtyard and garden features; On‑site laundry facilities for residents
