16-Unit Apartment
For Sale
Contact for pricing
32 Northwest 77th Street, Miami, FL 33150
New construction offers gated, assigned covered parking and contemporary in-unit finishes.
Property Size9,676 SF
Price / SF$547.75
Days on Market64
Property Features for 32 Northwest 77th Street
General Information
Standard status
Active
Size
9,676 SF
Class
A
Property subtype
Multifamily
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Multifamily Units
16
Amenities
high impact-resistant windows
stainless steel kitchen appliances
central air conditioning
ceramic tile floors
private balconies
Building Details
Year Built
2025
Buildings
1
Units
16
Construction
reinforced concrete block construction
Listing Agency:
EXP Realty LLC
Listed By:
Javier Espinosa · License #3591212
(786) 269-3716
Source:
Crexi
Added: Aug 19
Changed: Oct 10
Last Checked: Oct 20 at 5:54PM
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 EXP Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 16-unit walk-up apartment property contains 9,676 SF and was completed in 2025. The building uses reinforced concrete block construction and includes impact-resistant windows, stainless steel kitchen appliances, central air conditioning, ceramic tile flooring, and private balconies in select units. A fenced and gated perimeter provides assigned covered parking.
The property is located within a designated Qualified Opportunity Zone at 32 Northwest 77th Street in Miami’s Little River area. I-95 is less than 0.3 miles away, while the Miami Design District, Wynwood, and Downtown Miami are 2.4 miles, 3.2 miles, and minutes away, respectively.
The property is located within a designated Qualified Opportunity Zone at 32 Northwest 77th Street in Miami’s Little River area. I-95 is less than 0.3 miles away, while the Miami Design District, Wynwood, and Downtown Miami are 2.4 miles, 3.2 miles, and minutes away, respectively.
Key Highlights
- 16‑unit apartment property with 9,676 SF of building area
- Completed in 2025 with reinforced concrete block construction
- Located within a designated Qualified Opportunity Zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,749
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,574,980
$3.6M
Cap Rate 7%
$2,553,557
$2.6M
Cap Rate 9%
$1,986,100
$2.0M
Market Conditions
NOI Build-Up for 9,676 SF
Gross rent
$348.3K $36.00/SF
− Vacancy
−$23.3K −$2.41/SF
EGI
$325.0K $33.59/SF
− OpEx
−$146.2K −$15.11/SF
NOI
$178.7K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,574,980
Cap Rate 7%
$2,553,557
Cap Rate 9%
$1,986,100
Alternative Uses
Best Use
Apartment 5plus
$2.55M
$2.23M – $2.98M
NOI $178,749 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.53M
$5.71M – $7.62M
NOI $457,195 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
16
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,778
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - New construction offers gated, assigned covered parking and contemporary in-unit finishes.
Where is this apartment building located?
The property is located at 32 Northwest 77th Street Miami, FL.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 16‑unit apartment property with 9,676 SF of building area; Completed in 2025 with reinforced concrete block construction; Located within a designated Qualified Opportunity Zone
