Two-Unit Multifamily
2405-2411 NE 136th Ln, North Miami Beach, FL 33181
For Sale
$459,000
A corner residence and the neighboring east-side unit share one parcel in North Miami Beach.
Property Size1,194 SF
Days on Market145
Property Features for 2405-2411 NE 136th Ln
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Wall/Window Unit(s)
Building Details
Building Size
Year Built
Stories
Listing Agency:
Flat Fee MLS Realty
Listed By:
Stephen Hachey · License FL #261545422
(813) 642-6030
Source:
Evrealestate
Added: Jun 23
Changed: Nov 12
Last Checked: Nov 12 at 2:28PM
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 Flat Fee MLS Realty
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 multifamily property includes a corner unit and a second unit to its east, both situated on the same lot. The building dates to 1960.
The property is in North Miami Beach, Miami-Dade County, at 2405-2411 NE 136th Ln.
The property is in North Miami Beach, Miami-Dade County, at 2405-2411 NE 136th Ln.
Key Highlights
- Two units occupy the same lot
- Built in 1960
- Located in North Miami Beach, Miami‑Dade County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,528
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,560
$370.6K
Cap Rate 7%
$264,686
$264.7K
Cap Rate 9%
$205,867
$205.9K
Market Conditions
NOI Build-Up for 1,194 SF
Gross rent
$36.1K $30.24/SF
− Vacancy
−$2.4K −$2.03/SF
EGI
$33.7K $28.21/SF
− OpEx
−$15.2K −$12.70/SF
NOI
$18.5K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,560
Cap Rate 7%
$264,686
Cap Rate 9%
$205,867
Alternative Uses
Best Use
Apartment 5plus
$264.7K
$231.6K – $308.8K
NOI $18,528 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.0K
$570.5K – $760.7K
NOI $45,641 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
Explore this area
Business Placement
Demographics for 33181, FL
20,955
Population
9,401
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$56,473
Median Household Income
$40,233
Median Earnings
$1,665
Median Rent
$315,200
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Miami-Dade County, FL
Properties on Market for Multifamily properties in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A corner residence and the neighboring east-side unit share one parcel in North Miami Beach.
Where is this multifamily property located?
The property is located at 2405-2411 NE 136th Ln North Miami Beach, FL.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two units occupy the same lot; Built in 1960; Located in North Miami Beach, Miami‑Dade County
