Waterfront Multifamily
8135 Crespi Blvd Miami Beach, FL 33141
For Sale
$1,630,000
MULTI_FAMILY - Other - Miami Beach, FL
Property Size3,510 SF
Price / SF$464.39
Days on Market18
Property Features for 8135 Crespi Blvd
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Standard status
Active
APN
02-32-02-008-2150
Size
3,510 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
2-3 53 42 BISCAYNE BEACH SUB PB 44-67 LOT 18 BLK 9 LOT SIZE 50.000 X 115
Tax Annual Amount
19203
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water front
1
Building Details
Year built
1950
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# A11958236
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 waterfront multifamily property includes five 1-bedroom, 1-bath units. All units are fully occupied, providing in-place rental occupancy.
The asset is located at 8135 Crespi Blvd in Miami Beach, Florida, in close proximity to the water.
With all five units currently rented, the property is generating $8,300 in monthly rental income.
The asset is located at 8135 Crespi Blvd in Miami Beach, Florida, in close proximity to the water.
With all five units currently rented, the property is generating $8,300 in monthly rental income.
Key Highlights
- Waterfront multifamily with 5 units, each a 1‑bedroom, 1‑bathroom layout
- All 5 units are fully occupied for immediate in‑place occupancy
- Generating $8,300 in monthly rental income
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 | $102.8k | $29.28 |
| − Vacancy | −$4.6k | −$1.32 |
| EGI | $98.1k | $27.96 |
| − OpEx | −$44.2k | −$12.58 |
| NOI | $54.0k | $15.38 |
3,510 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$771.2K
$674.8K – $899.7K
NOI $53,981 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,654 @ 7.0% cap · market cap 7.65%
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?
Apartment building - Five fully occupied 1-bedroom, 1-bath units comprise a waterfront multifamily building in Miami Beach.
Where is this apartment building located?
The property is located at 8135 Crespi Blvd Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: Waterfront multifamily with 5 units, each a 1‑bedroom, 1‑bathroom layout; All 5 units are fully occupied for immediate in‑place occupancy; Generating $8,300 in monthly rental income
