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Miami Multifamily Investment Opportunity

1792 SW 11th St Miami, FL 33135

1792 SW 11th St, Miami, FL, 33135

$1,450,000

For Sale

$1,450,000

Two buildings on a large corner lot with redevelopment potential.

Property Size5,764 SF

Lot Size0.29 Acres

Price / SF$251.56

AddedMay 21

Days on Market57

Last RefreshJul 15 at 8:40 pm

Property Features for 1792 SW 11th St

General Information

Standard status: Active
Size: 5,764 SF
Lot size: 0.29 Acres
Property subtype: Investment

Building Details

Year Built: 1925

Listing office

Listing date May 21, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Oscar Gastaudo

Investment Insights

Based on property information with market context.

This investment opportunity features two freestanding buildings situated on a 12,666 sq. ft. corner lot. Located in Miami, the property is zoned T3-R with a Multi-Family (2–9 Units) land use designation. The property offers flexibility for investors, owner-occupants, or those seeking a value-add opportunity. The property spans approximately 5,764 total square feet and consists of multiple income-producing units across two separate structures. The first building features a 3-bedroom, 2-bath unit on the first floor and a 2-bedroom, 1-bath unit on the second floor. The second building includes a 2-bedroom, 1-bath unit on the first floor, a 2-bedroom, 1-bath unit on the second floor, and an attached 1-bedroom, 1-bath efficiency. The second building would benefit from updates, presenting potential for increased income and value. The oversized corner lot provides outdoor space, parking flexibility, and future redevelopment potential. The location has a walk score of 90, indicating it is a walker's paradise. The bike score is 59, indicating it is bikeable, and the transit score is 47, indicating some transit options are available.

Key Highlights

Massive 12,666 sq. ft. corner lot in the heart of Miami.
Zoned T3‑R with Multi‑Family (2–9 Units) land use designation.
Two freestanding buildings totaling approximately 5,764 sq. ft. with multiple income‑producing units.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$207.5k	$36.00
− Vacancy	−$13.9k	−$2.41
EGI	$193.6k	$33.59
− OpEx	−$87.1k	−$15.11
NOI	$106.5k	$18.47

5,764 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,481 @ 7.0% cap · market cap 7.34%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$3.89M

$3.40M – $4.54M (±1% cap)

NOI $272,352 @ 7.0% cap · market cap 18.78%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Multifamily properties
FL
Miami
33135
1792 SW 11th St

What type of property is this?

Multifamily property - Two buildings on a large corner lot with redevelopment potential.

Where is this multifamily property located?

The property is located at 1792 SW 11th St Miami, FL.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: Massive 12,666 sq. ft. corner lot in the heart of Miami.; Zoned T3‑R with Multi‑Family (2–9 Units) land use designation.; Two freestanding buildings totaling approximately 5,764 sq. ft. with multiple income‑producing units.