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314-Unit Apartment Community
For Sale
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Pending

361 NE 191st St, Miami, FL 33179

Multifamily community with predominantly two- and three-bedroom layouts and documented community and interior upgrades since 2020.

Property SizeContact for details
Lot Size13.80 Acres
Days on Market135

Property Features for 361 NE 191st St

General Information

Standard status Pending
Lot size 13.80 Acres
Property subtype Multifamily

Additional Details

Average Monthly Rent $1,783
Multifamily Units 314
Listing Agency: Aztec Group Inc
Listed By: Massey Blakeman · License #SL3294823
Source: Crexi
Added: Apr 24 Changed: Sep 2 Last Checked: Sep 1 at 6:06AM

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 Aztec Group Inc

Investment Insights

Based on property information with market context.

Legacy Vista Palms is a 314-unit apartment community on approximately 13.8 acres at 361 NE 191st St in Miami. The unit mix is weighted toward larger floor plans, with two- and three-bedroom residences representing 76% of the inventory. Community and interior upgrades have been completed since 2020.

The property is positioned within the Miami Metro and a dense three-mile trade area containing 4.8 M SF of office space, 8.6 M SF of retail, and 17.0 M SF of industrial and flex space. Hard Rock Stadium, Aventura Mall, and Gulfstream Park are identified among the major nearby destinations. The surrounding employment base includes over 1 million jobs within a 30-minute drive, with access to the Miami and Fort Lauderdale CBDs, two international airports, and two cruise and cargo ports.

Key Highlights

  • 314 units on a ± 13.8‑acre site
  • 76% of units are two- and three‑bedroom floor plans
  • Average 5‑year occupancy of 98.6%

Property Analytics

Current Use

Legacy Vista Palms Apartment Complex

Suggested Use

Top Pick Dental Office Parking Lot & Garage Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Acupuncture Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

314
Residential units

Location Intelligence

Trade Area within ½ mile

1,654
Businesses Nearby

Demographics for 33179, FL

48,088
Population
21,249
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
9,618
Density / Sq Mi
$61,526
Median Household Income
$37,555
Median Earnings
$1,736
Median Rent
$281,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily community with predominantly two- and three-bedroom layouts and documented community and interior upgrades since 2020.
Where is this apartment building located?
The property is located at 361 NE 191st St Miami, FL.
What are key features of this property?
This property features: 314 units on a ± 13.8‑acre site; 76% of units are two- and three‑bedroom floor plans; Average 5‑year occupancy of 98.6%
More about this property
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