9-Unit Multifamily Apartment
709 83rd St Miami Beach, FL 33141
709 83rd St, Miami Beach, FL, 33141
$2,800,000
For Sale
$2,800,000
MULTI_FAMILY - Miami Beach, FL
Property Size11,880 SF
Lot Size0.27 Acres
Price / SF$235.69
Days on Market28
Property Features for 709 83rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 02-32-02-008-1700
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- BISCAYNE BEACH SUB PB 44-67 LOT 30 BLK 7 LOT SIZE 50.000 X 113 OR 15557-4459 0692 5
Building Details
- Year built
- 1990
- Number of units
- 9
Listing agency
Beachfront Realty Inc
(305) 405-0615
Listed by
Marilina Apfelbaum · License #0662372
(786) 287-3633
Added: Jun 25 Updated: Jun 30 at 8:27PM Checked: Jul 22 at 6:06AM
MLS# A12001730
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 well-maintained 9-unit multifamily building was built in 1990 and features 4-story concrete construction with durable concrete block. The property offers approximately 11,880 SF of building area on a 5,650 SF lot and includes central A/C throughout. All nine units are fully occupied, supporting immediate rental income.
Located in Miami Beach’s Biscayne Beach area, the property is described as being just minutes from the beach as well as nearby shopping, dining, and transit. The listing also notes zoning of 3900 (Multifamily 2-9 units). This offering is presented as a portfolio sale that includes 660 85th St.
With nine fully occupied units and established building infrastructure, this asset may suit investors seeking a ready-to-operate multifamily property in Miami Beach’s multifamily zone. The concrete 4-story design and central A/C can help simplify day-to-day operations compared with more fragmented systems. For qualified buyers, it provides a straightforward way to add occupied multifamily inventory in the stated area.
Located in Miami Beach’s Biscayne Beach area, the property is described as being just minutes from the beach as well as nearby shopping, dining, and transit. The listing also notes zoning of 3900 (Multifamily 2-9 units). This offering is presented as a portfolio sale that includes 660 85th St.
With nine fully occupied units and established building infrastructure, this asset may suit investors seeking a ready-to-operate multifamily property in Miami Beach’s multifamily zone. The concrete 4-story design and central A/C can help simplify day-to-day operations compared with more fragmented systems. For qualified buyers, it provides a straightforward way to add occupied multifamily inventory in the stated area.
Key Highlights
- Well‑maintained 9‑unit multifamily building built in 1990
- 4‑story concrete construction with approximately 11,880 SF on a 5,650 SF lot
- All 9 units are fully occupied for immediate rental income
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 | $347.8k | $29.28 |
| − Vacancy | −$15.7k | −$1.32 |
| EGI | $332.2k | $27.96 |
| − OpEx | −$149.5k | −$12.58 |
| NOI | $182.7k | $15.38 |
11,880 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.61M
$2.28M – $3.05M
NOI $182,706 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.03M
$5.27M – $7.03M
NOI $421,906 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Concrete 4-story building with central A/C and nine occupied units in a Multifamily 2-9 zoning district.
Where is this apartment building located?
The property is located at 709 83rd St Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Well‑maintained 9‑unit multifamily building built in 1990; 4‑story concrete construction with approximately 11,880 SF on a 5,650 SF lot; All 9 units are fully occupied for immediate rental income
