7-Unit Waterfront Multifamily
For Sale
$5,250,000
1795 Calais Dr, Miami Beach, FL 33141
The seven residences are offered together in a single portfolio transaction, not as individual units.
Property Size16,124 SF
Days on Market14
Property Features for 1795 Calais Dr
General Information
Standard status
Active
Size
16,124 SF
Property subtype
Income/MultiFamily
Additional Details
Asking Price
$5,250,000
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$27,624
Building Details
Building Size
16,124 SF
Listing Agency:
Carden Realty & Investment Inc
Listed By:
Bella Carcasses · License #0603893
(305) 389-0020
Source:
Miamibrokersgroup
Added: Oct 22
Changed: Oct 31
Last Checked: Nov 3 at 12:59PM
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 Carden Realty & Investment Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Miami Beach multifamily portfolio comprises Units 1–7 at 1785–1795 Calais Drive and is offered only as one all-or-none transaction. Unit 8 is excluded and marketed separately.
A feasibility study prepared by Tally Engineering and Materials Testing, Inc., dated October 13, 2026, examines potential redevelopment, including preliminary development, parking, utility, and site considerations. The study is informational; zoning, development rights, density, utilities, permitting, property condition, and feasibility require independent verification.
A feasibility study prepared by Tally Engineering and Materials Testing, Inc., dated October 13, 2026, examines potential redevelopment, including preliminary development, parking, utility, and site considerations. The study is informational; zoning, development rights, density, utilities, permitting, property condition, and feasibility require independent verification.
Key Highlights
- Seven‑unit portfolio at 1785–1795 Calais Drive
- Waterfront multifamily property in Miami Beach
- Units 1–7 are available only as a single, all‑or‑none transaction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$247,976
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,959,520
$5.0M
Cap Rate 7%
$3,542,514
$3.5M
Cap Rate 9%
$2,755,289
$2.8M
Market Conditions
NOI Build-Up for 16,124 SF
Gross rent
$472.1K $29.28/SF
− Vacancy
−$21.2K −$1.32/SF
EGI
$450.9K $27.96/SF
− OpEx
−$202.9K −$12.58/SF
NOI
$248.0K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,959,520
Cap Rate 7%
$3,542,514
Cap Rate 9%
$2,755,289
Alternative Uses
Best Use
Apartment 5plus
$3.54M
$3.10M – $4.13M
NOI $247,976 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.18M
$7.16M – $9.54M
NOI $572,627 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The seven residences are offered together in a single portfolio transaction, not as individual units.
Where is this multifamily property located?
The property is located at 1795 Calais Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Seven‑unit portfolio at 1785–1795 Calais Drive; Waterfront multifamily property in Miami Beach; Units 1–7 are available only as a single, all‑or‑none transaction
