Two-Story Apartment Short-Term
5201 Biscayne Blvd Miami, FL 33137
5201 Biscayne Blvd, Miami, FL, 33137
$4,500,000
For Sale
$4,500,000
Two-story, 23-unit property with studio, one-bedroom, and two-bedroom units operating as a short-term rental asset.
Property Size8,998 SF
Price / SF$500.11
Days on Market227
Property Features for 5201 Biscayne Blvd
General Information
- Standard status
- Active
- Size
- 8,998 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1947
Listing agency
(786) 325-5647
Listed by
Gridline Properties
(786) 325-5647
Source
Xome
Added: Dec 7, 2025 Updated: Jul 21 at 5:36PM Checked: Jul 21 at 5:36PM
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 Gridline Properties
Investment Insights
Based on property information with market context.
Uptown Apartments is a fully operational two-story property with 23 units configured as 17 studios, 3 one-bedrooms, and 3 two-bedrooms. The asset is presented as a turnkey short-term rental investment and includes a discreet entry behind a foliage-covered gate.
The property is located at 5201 Biscayne Blvd in Miami’s MiMo / Upper East Side corridor. It sits along Biscayne Boulevard, providing convenient access to destinations including the Design District, Wynwood, Midtown, and Little River.
For buyers seeking a ready-to-operate multifamily/short-term rental structure, the unit mix supports a range of flexible accommodations within a single two-story building.
The property is located at 5201 Biscayne Blvd in Miami’s MiMo / Upper East Side corridor. It sits along Biscayne Boulevard, providing convenient access to destinations including the Design District, Wynwood, Midtown, and Little River.
For buyers seeking a ready-to-operate multifamily/short-term rental structure, the unit mix supports a range of flexible accommodations within a single two-story building.
Key Highlights
- Fully operational short‑term rental asset at 5201 Biscayne Blvd in Miami’s MiMo/Upper East Side area
- Two‑story, 23‑unit property with a unit mix of 17 studios, 3 one‑bedrooms, and 3 two‑bedrooms
- Year built: 1947
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 | $323.9k | $36.00 |
| − Vacancy | −$21.7k | −$2.41 |
| EGI | $302.2k | $33.59 |
| − OpEx | −$136.0k | −$15.11 |
| NOI | $166.2k | $18.47 |
8,998 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.37M
$2.08M – $2.77M
NOI $166,224 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.07M
$5.31M – $7.09M
NOI $425,160 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wynwood Fund
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Two-story, 23-unit property with studio, one-bedroom, and two-bedroom units operating as a short-term rental asset.
Where is this short term rental property located?
The property is located at 5201 Biscayne Blvd Miami, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Fully operational short‑term rental asset at 5201 Biscayne Blvd in Miami’s MiMo/Upper East Side area; Two‑story, 23‑unit property with a unit mix of 17 studios, 3 one‑bedrooms, and 3 two‑bedrooms; Year built: 1947
