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Two-Story Workforce Housing Building

36 NE 65th St Miami, FL 33138

36 NE 65th St, Miami, FL, 33138
$3,990,000
For Sale
Claim this Listing
$3,990,000

MULTI_FAMILY - Other - Miami, FL

Property Size15,996 SF
Price / SF$249.44
AddedMay 6
Days on Market70
Last RefreshJul 14 at 2:06 pm

Property Features for 36 NE 65th St

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking
20
Standard status
Active
APN
01-31-13-019-0210
Size
15,996 SF

Taxes and HOA fees

Tax Year
2025
Tax Description
13 53 41 LIBERTY PK AMD PL 1ST ADD PB 6-86 LOTS 53-54-67 & 68 LOT SIZE IRREGULAR OR 21176-1515 04 2003 (3) COC 21852-2039 09 2003 1
Tax Annual Amount
70741

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air

Building Details

Year built
1922
Floors in Building
2
Flooring type
Vinyl
Building materials
Block
Roof type
Flat
Architectural style
Other

Listing agent Arthur Porosoff License #3160379

Listing office Compass Florida, LLC 1212 Lincoln Rd Suite 113, Miami, FL

Listing date May 6, 2026

MLS# A11945698 Listing URL

Copyright © 2026 Miami REALTORS®. 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 two-story multifamily building features a unit mix intended to serve affordable and workforce housing demand. The property is configured for residential income use, and it presents an owner with the opportunity to improve interiors through renovation.

Located at 36 NE 65th St in Miami, the building sits just east of North Miami Avenue. The surrounding area places tenants within reach of major employment centers as well as retail and cultural destinations in the Miami Design District, Wynwood, and Midtown.

For investors or operators seeking a residential income asset, this property’s existing multifamily setup and workforce-oriented unit mix may fit well with a tenant base looking for attainable housing options. Its straightforward two-story configuration can also appeal to buyers who want a manageable asset to reposition through interior upgrades.

Key Highlights

  • Immediate cash flow with upside potential through renovations and rent optimization.
  • Strategic location near Miami Design District, Wynwood, and Midtown.
  • Proximity to major employment centers, retail, and cultural amenities.

Local 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 $575.9k $36.00
− Vacancy −$38.6k −$2.41
EGI $537.3k $33.59
− OpEx −$241.8k −$15.11
NOI $295.5k $18.47
15,996 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$4.22M
$3.69M – $4.93M (±1% cap)
NOI $295,501 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.80M
$9.45M – $12.60M (±1% cap)
NOI $755,818 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store Veterinary Clinic Restaurant Buffet Locksmith Pet Grooming Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Two-story multifamily property with a unit mix suited to affordable and workforce housing needs.
Where is this multifamily property located?
The property is located at 36 NE 65th St Miami, FL.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Immediate cash flow with upside potential through renovations and rent optimization.; Strategic location near Miami Design District, Wynwood, and Midtown.; Proximity to major employment centers, retail, and cultural amenities.
Contact an agent
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