Remodeled 4-Unit Multifamily
735 83rd St, Miami Beach, FL 33141
For Sale
$1,389,900
A mix of three two-bedroom homes and one oversized one-bedroom home provides varied residential configurations.
Property Size3,498 SF
Days on Market24
Property Features for 735 83rd St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
Building Details
Building Size
Year Built
Listing Agency:
Top Tier International Realty, LLC.
Listed By:
Rachel Gonzalez · License #3582001
Source:
Relinkre
Added: Oct 15
Changed: Nov 6
Last Checked: Nov 6 at 2:10PM
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 Top Tier International Realty, LLC.
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Investment Insights
Based on property information with market context.
Built in 1954, this four-unit multifamily property contains three two-bedroom, one-bath residences and one oversized one-bedroom, one-bath residence. Each unit has been remodeled and has an individual entrance along the property's left side, with additional access at the rear. A new roof and coin-operated laundry are also part of the property.
The on-site laundry provides an additional income stream. The property is located in Miami Beach, with street parking available and public transportation, restaurants, shopping, and the beach nearby.
The on-site laundry provides an additional income stream. The property is located in Miami Beach, with street parking available and public transportation, restaurants, shopping, and the beach nearby.
Key Highlights
- Four‑unit property with three 2‑bedroom/1‑bath residences and one oversized 1‑bedroom/1‑bath residence
- All four units remodeled; property built in 1954
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,311
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,220
$1.2M
Cap Rate 7%
$833,014
$833.0K
Cap Rate 9%
$647,900
$647.9K
Market Conditions
NOI Build-Up for 3,498 SF
Gross rent
$88.1K $25.20/SF
− Vacancy
−$4.8K −$1.39/SF
EGI
$83.3K $23.81/SF
− OpEx
−$25.0K −$7.14/SF
NOI
$58.3K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,220
Cap Rate 7%
$833,014
Cap Rate 9%
$647,900
Alternative Uses
Best Use
Multifamily LT 5
$833.0K
$728.9K – $971.9K
NOI $58,311 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$768.5K
$672.5K – $896.6K
NOI $53,797 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,228 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
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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
$434,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Miami Beach, FL
Properties on Market for Quadplexes in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A mix of three two-bedroom homes and one oversized one-bedroom home provides varied residential configurations.
Where is this quadplex located?
The property is located at 735 83rd St Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,389,900.
What are key features of this property?
This property features: Four‑unit property with three 2‑bedroom/1‑bath residences and one oversized 1‑bedroom/1‑bath residence; All four units remodeled; property built in 1954; New roof
