Turnkey Multifamily Building in
1785 SW 13th Street Miami, FL 33145
1785 SW 13th Street, Miami, FL, 33145
$2,250,000
For Sale
Under Contract
$2,250,000
MULTI_FAMILY - Miami, FL
Property Size8,899 SF
Lot Size0.29 Acres
Price / SF$252.84
Days on Market339
Property Features for 1785 SW 13th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- T3R
- Parking
- 12
- Parking features
- Guest, On Street
- Fencing
- Fenced
- Standard status
- Active Under Contract
- APN
- 0141100640480
- Size
- 8,899 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 10 54 41 SOUTH SHENANDOAH PB 11-64 LOTS 13 & 14 BLK 4 LOT SIZE 107.000 X 118 OR 15247-1363 0991 4
- Tax Annual Amount
- 28447
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1928
- Floors in Building
- 3
- Number of units
- 12
- Flooring type
- Vinyl
- Building materials
- Block
Listing Agency
LoKation
(954) 545-5583
1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL
Listed by
Steven M. Grossman, PA · License #3372785
(305) 319-0879
Added: Aug 13, 2025 Checked: Jul 17 at 8:06 am
MLS# F10519433
Listing URL
Copyright © 2026 BeachesMLS. 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 turnkey multifamily property is a 12-unit apartment building situated on a corner lot. The building, located at 1785 SW 13th St, is located 10 minutes from Coconut Grove. The property consists of 12,626 square feet. Each unit features one bedroom and one bathroom, with living rooms, dining areas, and kitchens that include double-height ceilings. The property has undergone extensive renovations, including updated plumbing and electrical systems, newer wall-mounted A/C units, and a new roof installed in 2021. The 40-Year Recertification was completed in 2018. The lot size is 0.29 acres, and the property size is 8899 square feet. The property is zoned T3R.
Key Highlights
- 12‑unit multifamily apartment building on a corner lot totaling 12,626 SF
- Spacious 1‑bedroom, 1‑bath residences with living rooms, dining areas, and kitchens featuring double‑height ceilings
- Extensive renovations include updated plumbing and electrical systems
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 | $320.4k | $36.00 |
| − Vacancy | −$21.5k | −$2.41 |
| EGI | $298.9k | $33.59 |
| − OpEx | −$134.5k | −$15.11 |
| NOI | $164.4k | $18.47 |
8,899 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.05M – $2.74M
NOI $164,395 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.01M
$5.26M – $7.01M
NOI $420,482 @ 7.0% cap · market cap 18.69%
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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FAQs
What type of property is this?
Apartment building - Renovated 12-unit apartment building near Coconut Grove.
Where is this apartment building located?
The property is located at 1785 SW 13th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 12‑unit multifamily apartment building on a corner lot totaling 12,626 SF; Spacious 1‑bedroom, 1‑bath residences with living rooms, dining areas, and kitchens featuring double‑height ceilings; Extensive renovations include updated plumbing and electrical systems
