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Five-Unit Apartment Building Near Calle Ocho

1788 SW 7th St, Miami, FL 33135

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Five-unit apartment building near Calle Ocho in Miami, Florida.

Type:Multifamily

Property size:

4,340 SF

Price / SF:

$345/SF

HighLights

Prime location directly behind Calle Ocho, in a desirable and active block.
100% occupied, indicating strong tenant demand.
Five (5) two‑bedroom / one‑bath units, averaging 861 sq ft, each with private patio or balcony.
Adjacent to a retail plaza undergoing full renovation with incoming national tenants (Chipotle, Wingstop).
Walking distance to established neighborhood anchors (Lung Yai, Sanguich, Starbucks, Ball & Chain).
On‑site parking available for tenants.

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Jonathan De La Rosa

For Sale

Contact for pricing

Five-unit apartment building near Calle Ocho in Miami, Florida.

Type:Multifamily

Property size:

4,340 SF

Price / SF:

$345/SF

Added:: Feb 24, 2026
Days on Market:: 123
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 1788 SW 7th St

General Information

Standard status: Active
Size: 4,340 SF
Property subtype: Multifamily

Building Details

Year Built: 1963

We can help!

Contact an agent

Jonathan De La Rosa

Listing office Marcus & Millichap - Miami

Listing date Feb 24, 2026

Source Crexi

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 Marcus & Millichap - Miami

HighLights

Prime location directly behind Calle Ocho, in a desirable and active block.
100% occupied, indicating strong tenant demand.
Five (5) two‑bedroom / one‑bath units, averaging 861 sq ft, each with private patio or balcony.
Adjacent to a retail plaza undergoing full renovation with incoming national tenants (Chipotle, Wingstop).
Walking distance to established neighborhood anchors (Lung Yai, Sanguich, Starbucks, Ball & Chain).
On‑site parking available for tenants.

Overview

This five-unit apartment building is located at 1788 SW 7th Street, Miami, FL. The property is comprised of all two-bedroom / one-bath units. Each unit averages approximately 861 square feet and features a private patio or balcony. On-site parking is available. The property is 100% occupied. It is located directly behind Calle Ocho and adjacent to a retail plaza currently undergoing a full renovation with incoming national tenants, including Chipotle and Wingstop. The property is situated along one of the most desirable and active blocks of Calle Ocho, within a five-minute walk of established neighborhood anchors including Lung Yai, Sanguich, Starbucks, and Ball & Chain. Little Havana continues to experience strong rental demand due to its central location, walkability, and proximity to major employment centers.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$156.2k	$36.00
− Vacancy	−$10.5k	−$2.41
EGI	$145.8k	$33.59
− OpEx	−$65.6k	−$15.11
NOI	$80.2k	$18.47

4,340 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,175 @ 7.0% cap · market cap 5.35%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$2.93M

$2.56M – $3.42M (±1% cap)

NOI $205,067 @ 7.0% cap · market cap 13.67%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Miami
County: Miami-Dade
State: Florida
Longitude: -80.224252
Latitude: 25.766244

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For sale
Apartment buildings
FL
Miami
33135
1788 SW 7th St

What type of property is this?

Apartment building - Five-unit apartment building near Calle Ocho in Miami, Florida.

Where is this apartment building located?

The property is located at 1788 SW 7th St Miami, FL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Prime location directly behind Calle Ocho, in a desirable and active block.; 100% occupied, indicating strong tenant demand.; Five (5) two‑bedroom / one‑bath units, averaging 861 sq ft, each with **private patio or balcony**.