Four-Unit Multifamily
770 83rd St Miami Beach, FL 33141
For Sale
$1,330,000
MULTI_FAMILY - Other - Miami Beach, FL
Property Size3,423 SF
Price / SF$388.55
Days on Market18
Property Features for 770 83rd St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Standard status
Active
APN
02-32-02-008-1240
Size
3,423 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
2-3 53 42 BISCAYNE BEACH SUB PB 44-67 LOT 7 BLK 6 LOT SIZE 50.000 X 113 OR 15987-2338 0793 1
Tax Annual Amount
16502
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric, Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1953
Floors in Building
1
Flooring type
Terrazzo, Tile
Building materials
Block
Roof type
Flat, Tile
Architectural style
Other
Listing Agency:
Silmar Realty
(786) 673-2880
Listed By:
Leor Fidler · License #3502040
(516) 580-2329
Added: Jul 13
Changed: Jul 18
Last Checked: Jul 30 at 2:06AM
MLS# A11958204
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.
770 83rd Street is a four-unit multifamily property with each unit configured as a 2-bedroom, 1-bathroom apartment. The property totals 3,423 square feet and is arranged to support straightforward apartment living across all four units.
Located in Miami Beach’s North Beach area, the property is described as being just steps from the Atlantic Ocean and close to North Beach Oceanside Park, spanning 79th to 86th Streets. The nearby park includes direct beach access, walking paths, outdoor fitness areas, and playground and recreational amenities.
The four apartments are positioned to appeal to tenants seeking a consistent, rental-friendly layout, with market proforma rents projected at $2,200 per unit.
Located in Miami Beach’s North Beach area, the property is described as being just steps from the Atlantic Ocean and close to North Beach Oceanside Park, spanning 79th to 86th Streets. The nearby park includes direct beach access, walking paths, outdoor fitness areas, and playground and recreational amenities.
The four apartments are positioned to appeal to tenants seeking a consistent, rental-friendly layout, with market proforma rents projected at $2,200 per unit.
Key Highlights
- Four‑unit multifamily property with all units configured as 2‑bedroom, 1‑bath apartments
- Market proforma rents projected at $2,200 per unit
- Built in 1953; block construction with terrazzo and tile flooring
Financial Insights For Multifamily LT 5
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 | $86.3k | $25.20 |
| − Vacancy | −$4.7k | −$1.39 |
| EGI | $81.5k | $23.81 |
| − OpEx | −$24.5k | −$7.14 |
| NOI | $57.1k | $16.67 |
3,423 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$815.2K
$713.3K – $951.0K
NOI $57,061 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$752.0K
$658.0K – $877.4K
NOI $52,643 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,564 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments with 2 bedrooms and 1 bathroom each make up this Miami Beach income property.
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 $1,330,000.
What are key features of this property?
This property features: Four‑unit multifamily property with all units configured as 2‑bedroom, 1‑bath apartments; Market proforma rents projected at $2,200 per unit; Built in 1953; block construction with terrazzo and tile flooring
