Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Miami Beach Four-Unit Multifamily Property Title is generated by Realmo AI

    770 83rd St, Miami Beach, FL 33141

    View on Map
    Claim this Listing
    For Sale
    $1,287,500

    Fourplex, Quadruplex - Miami Beach, FL

    Type:Quadruplex
    Property size:
    3,423 SF
    Price / SF:
    $376/SF
    Added:
    Mar 26, 2026
    Days on Market:
    48
    Last Refresh:
    May 12 at 4:06 pm

    Property Features for 770 83rd St

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Zoning
    3900
    Standard status
    Active
    APN
    02-32-02-008-1240
    Size
    3,423 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    16502

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Electric, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1953
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Flat, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Leor Fidler

    Listing agent Leor Fidler License #3502040

    Listing office Silmar Realty 15807 Biscayne Blvd, North Miami, FL

    Listing date Mar 26, 2026

    MLS# A11958204 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.

    HighLights

    • Prime location in Miami Beach's desirable North Beach neighborhood, steps from the Atlantic Ocean.
    • Four spacious 2‑bedroom, 1‑bathroom units, offering strong rental demand.
    • Projected market proforma rents of $2,200 per unit, indicating income growth potential.
    • Close proximity to North Beach Oceanside Park with direct beach access and recreational amenities.
    • Durable block construction with tile flooring and tile roof.
    • Multifamily property offering long‑term appreciation potential.

    Overview

    Located in the North Beach neighborhood of Miami Beach, the property at 770 83rd Street is a four-unit multifamily building. Each of the four units is configured as a 2-bedroom, 1-bathroom apartment. The property is situated near the Atlantic Ocean, providing access to the shoreline and beachwalks. The location is also near North Beach Oceanside Park, which spans 79th to 86th Streets and features beach access, walking paths, outdoor fitness areas, playgrounds, and recreational amenities. The property size is 3,423 square feet. The zoning is 3900.
    Property Profile Insight Report 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

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1259
    Latitude
    25.8619

    Nearby Similar for Sale

    • $19,500,000
      8,000 SF

      Faena District Hospitality Asset

      Partially completed mixed-use hospitality asset in Miami Beach's Faena District.
      2814 Collins Ave, Miami Beach, FL 33140
      View Details
    • $795,000
      860 SF

      Lincoln Road Retail Opportunity

      Prime retail space on iconic Lincoln Road in Miami Beach.
      1300 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $5,000,000
      7,762 SF

      South Beach Retail Opportunity

      Four-unit building on Alton Road with redevelopment potential.
      1558 Alton Rd, Miami Beach, FL 33139
      View Details
    • $13,194

      Turnkey Restaurant Space in Miami Beach

      Fully equipped restaurant space in a high-traffic South Beach location.
      1216 Washington AVE, Miami Beach, FL 33139
      View Details
    • $375,000
      1,130 SF

      Oceanfront Miami Beach Office Space

      Prime office space in oceanfront building with immediate rental income.
      5601 Collins Ave, Miami Beach, FL 33140
      View Details
    • $16,000,000

      Miami Beach Development Opportunity

      Rare South of Fifth development opportunity with income and upside.
      249 Collins Ave, Miami Beach, FL 33139
      View Details
    • $11,000,000

      Miami Beach Retail Redevelopment Opportunity

      Prime commercial property with redevelopment potential in Miami Beach.
      1441 Alton Rd, Miami Beach, FL 33139
      View Details
    • $3,850,000
      6,960 SF

      Miami Beach Multifamily Investment Opportunity

      Multifamily investment property on oversized lot in Miami Beach.
      800 85th St, Miami Beach, FL 33141
      View Details
    • $9,000,000
      600 SF

      Iconic South Beach Property

      Rare opportunity to own a landmark nightlife property.
      1527 Washington Ave, Miami Beach, FL 33139
      View Details
    • $900,000

      Miami Beach Commercial Space

      Prime commercial space in Miami Beach's Sunset Harbour neighborhood.
      1400 20th St, Miami Beach, FL 33139
      View Details
    • $5,000,000

      Renovated Office Condo on Lincoln

      Boutique office building in the heart of Miami Beach.
      605 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $11,000,000
      21,800 SF

      Turnkey Boutique Hotel in Miami Beach

      Licensed 11-key hotel with redevelopment plans for 48 keys.
      6945 Abbott Ave, Miami Beach, FL 33141
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four spacious units in desirable North Beach neighborhood, steps from ocean.
    Where is this quadplex located?
    The property is located at 770 83rd St Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $1,287,500.
    What are key features of this property?
    This property features: Prime location in Miami Beach's desirable North Beach neighborhood, steps from the Atlantic Ocean.; Four spacious 2‑bedroom, 1‑bathroom units, offering strong rental demand.; Projected market proforma rents of $2,200 per unit, indicating income growth potential.
    (516) 580-2329
    We can help!
    Listing Contact
    Leor Fidler
    Real Estate License ID: 3502040
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    770 83rd St, Miami Beach, FL 33141
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!