16-Unit Apartment
For Sale
$3,350,000
734 Northwest 80th Street, Miami, FL 33150
Well-maintained 16-unit multifamily property with one-bedroom, wall-unit A/C and separately metered electric service.
Property Size8,880 SF
Lot Size0.32 Acres
Price / SF$377.25
Days on Market165
Property Features for 734 Northwest 80th Street
General Information
Standard status
Active
Size
8,880 SF
Lot size
0.32 Acres
Property subtype
Commercial Sale / Multi Family
Additional Details
Multifamily Units
16
Building Details
Year Built
1962
Stories
2
Tenancy
Multi
Listing Agency:
Home Sold Realty LLC
(833) 700-2782
Listed By:
Camilo De la Cruz Perez · License #3467504
(833) 700-2782
Source:
Compass
Added: Feb 22
Changed: Jul 21
Last Checked: Aug 5 at 12:31PM
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 Home Sold Realty LLC
Investment Insights
Based on property information with market context.
Little River Flats is a well-maintained 16-unit multifamily property built in 1962. The asset includes one two-story building with a unit mix of sixteen one-bedroom, one-bathroom apartments. Each unit averages 555 square feet and is equipped with wall-unit air conditioning. The property features hurricane impact windows and doors, along with a flat concrete roof. Electric service is separately metered for each unit.
The property is located at 734 NW 80th Street in the Little River submarket of Miami, Florida. The surrounding area has seen investment and redevelopment, with increasing concentrations of creative businesses, restaurants, and multifamily infill projects.
For operations, the building’s single-site configuration and separately metered units support straightforward management. The overall improvements and upgrades described in the property remarks include storm-resistant openings and in-unit climate control.
The property is located at 734 NW 80th Street in the Little River submarket of Miami, Florida. The surrounding area has seen investment and redevelopment, with increasing concentrations of creative businesses, restaurants, and multifamily infill projects.
For operations, the building’s single-site configuration and separately metered units support straightforward management. The overall improvements and upgrades described in the property remarks include storm-resistant openings and in-unit climate control.
Key Highlights
- 16‑unit multifamily property with 16 one‑bedroom, one‑bath units
- Two‑story building totaling 8,880 SF on a 0.32‑acre lot
- Built in 1962; block/CBS construction with a flat concrete roof
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 | $319.7k | $36.00 |
| − Vacancy | −$21.4k | −$2.41 |
| EGI | $298.3k | $33.59 |
| − OpEx | −$134.2k | −$15.11 |
| NOI | $164.0k | $18.47 |
8,880 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.34M
$2.05M – $2.73M
NOI $164,044 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.99M
$5.24M – $6.99M
NOI $419,584 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,017
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 16-unit multifamily property with one-bedroom, wall-unit A/C and separately metered electric service.
Where is this apartment building located?
The property is located at 734 Northwest 80th Street Miami, FL.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 16‑unit multifamily property with 16 one‑bedroom, one‑bath units; Two‑story building totaling 8,880 SF on a 0.32‑acre lot; Built in 1962; block/CBS construction with a flat concrete roof
