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Miami Beach Multifamily Investment Opportunity

7435 Byron Ave, Miami Beach, FL 33141

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For Sale

$3,250,000

Multi Family - Miami Beach, FL

Type:Single Family Attached

Lot size:

0.17 Acres

HighLights

Prime Miami Beach location: Just three blocks from the ocean in North Beach, near Collins/Harding.
Fully renovated: Enjoy interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025).
Turnkey cash flow: In‑place rents of $2,100–$2,200/mo with potential upside to $2,400–$2,500/mo upon renewal.
Solid Construction: Built in 1950 with CBS (Concrete Block Structure).
Strong Financials: Current NOI of $186,789 and Cap Rate of 5.62%, with Pro forma Cap Rate of 6.13% and Pro forma NOI of $203,889.
Ten Units with Private Backyards: Features ten 2BR/1BA apartments, each with a private backyard.

We can help!

Listing Contact

Eric Amsallem

For Sale

$3,250,000

Multi Family - Miami Beach, FL

Type:Single Family Attached

Lot size:

0.17 Acres

Added:: Apr 23, 2026
Days on Market:: 60
Last Refresh:: Jun 21 at 7:06 pm

Property Features for 7435 Byron Ave

General Information

Property type: Commercial Sale
Property subtype: Single Family Attached
Zoning: 3900
Security features: Security System
Interior features: Security System
Exterior features: Storm/Security Shutters
Standard status: Active
APN: 02-32-02-003-0310
Lot size: 0.17 Acres

Taxes and HOA fees

Tax Annual Amount: 32321

Utilities

Cooling system: Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

Building Details

Year built: 1950
Number of units: 10
Flooring type: Laminate
Building materials: Block
Architectural style: Other

We can help!

Listing Contact

Eric Amsallem

Listing agent Eric Amsallem License #3185189

Listing office Beachfront Realty Inc 18205 Biscayne Blvd Ste 2205, Miami Beach, FL

Listing date Apr 23, 2026

MLS# A11891843 Listing URL

HighLights

Prime Miami Beach location: Just three blocks from the ocean in North Beach, near Collins/Harding.
Fully renovated: Enjoy interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025).
Turnkey cash flow: In‑place rents of $2,100–$2,200/mo with potential upside to $2,400–$2,500/mo upon renewal.
Solid Construction: Built in 1950 with CBS (Concrete Block Structure).
Strong Financials: Current NOI of $186,789 and Cap Rate of 5.62%, with Pro forma Cap Rate of 6.13% and Pro forma NOI of $203,889.
Ten Units with Private Backyards: Features ten 2BR/1BA apartments, each with a private backyard.

Overview

This is a 10-unit multifamily property located in Miami Beach. The property features fully renovated apartments with interior upgrades, new electrical and plumbing systems, new air conditioning units, and hurricane shutters. The landscaping has been refreshed, and a new roof is planned for July 2025. Constructed in 1950, the building features CBS construction. Each of the ten apartments includes two bedrooms and one bathroom, and five units have private backyards. The property is located in North Beach, three blocks from the ocean and near Collins Avenue and Harding Avenue. Current in-place rents are approximately $2,100–$2,200 per month, with potential for renewal upside toward $2,400–$2,500. The property offers turnkey cash flow with value-add potential from rent growth and neighborhood momentum. The Net Operating Income (NOI) is $186,789, with a cap rate of 5.62%. The pro forma cap rate is 6.13%, with a pro forma NOI of $203,889. The property is zoned 3900 and sits on a lot of approximately 0.1722 acres.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Miami Beach
County: Miami-Dade
State: Florida
Longitude: -80.123079
Latitude: 25.8602

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For sale
Apartment buildings
FL
Miami Beach
33141
7435 Byron Ave

What type of property is this?

Apartment building - Renovated 10-unit multifamily property near the ocean in Miami Beach.

Where is this apartment building located?

The property is located at 7435 Byron Ave Miami Beach, FL.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Prime Miami Beach location: Just three blocks from the ocean in North Beach, near Collins/Harding.; **Fully renovated:** Enjoy interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025).; **Turnkey cash flow:** In‑place rents of $2,100–$2,200/mo with potential upside to $2,400–$2,500/mo upon renewal.

7435 Byron Ave, Miami Beach, FL 33141

Multi Family - Miami Beach, FL

Property Features for 7435 Byron Ave

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

South Beach Retail Investment Opportunity

Faena District Hospitality Asset

Alton Road Retail Opportunity

Lincoln Road Retail Opportunity

Turnkey Juice & Kava Bar

Iconic South Beach Property

Multifamily Investment in Miami Beach

Hospitality Development Land with Hotel Rooms

Miami Beach Development Opportunity

Detached Retail Building with Parking

Standalone Mixed-Use Building with Retail Bay

Turnkey 8-Room Bed & Breakfast

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