Miami Multifamily Investment
1792 SW 11th St, Miami, FL 33135
Two buildings on a large corner lot with redevelopment potential.
Type:Investment
Property size:
5,764 SFLot size:
0.29 AcresPrice / SF:
$277/SF- Added:
- May 21, 2026
- Days on Market:
- 11
- Last Refresh:
- May 21 at 4:48 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 agent Oscar Gastaudo License #3326620 (786) 515-8229
Listing office (786) 515-8229
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
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.
- Includes a well‑maintained and updated 3‑bedroom, 2‑bath unit and a 2‑bedroom, 1‑bath unit.
- Significant upside potential through updates and increased income.
- High walkScore of 90, designated as a Walker's Paradise.
Overview
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.
Local 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 | $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
NOI $106,481 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.89M
$3.40M – $4.54M
NOI $272,352 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.22424
- Latitude
- 25.762953
Nearby Similar for Sale
FAQs
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 $1,600,000.
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.
