Renovated 10-Unit Multifamily
For Sale
$3,150,000
7435 Byron Ave, Miami Beach, FL 33141
Fully renovated 10-unit multifamily with 2-bedroom/1-bath apartments and private backyards.
Property Size7,865 SF
Price / SF$400.51
Days on Market381
Property Features for 7435 Byron Ave
General Information
Standard status
Active
Size
7,865 SF
Property subtype
Income/MultiFamily
Financials
Cap Rate
5.62%
Business Included
Yes
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$32,321
Building Details
Building Size
7,865 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
Beachfront Realty Inc
Listed By:
Eric Amsallem · License #3185189
(786) 985-1374
Source:
Casacollectiongroup
Added: Oct 7, 2025
Changed: Oct 13
Last Checked: Oct 21 at 6:09AM
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 Beachfront Realty Inc
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Investment Insights
Based on property information with market context.
This fully renovated 10-unit multifamily property is built on solid 1950 CBS construction and features ten 2-bedroom, 1-bath apartments. Improvements include interior upgrades plus new electrical and plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and a new roof completed July 2025. The layout also provides five private backyards for select units, adding outdoor space to the residential configuration.
Located at 7435 Byron Ave in Miami Beach, the property is positioned in North Beach, about three blocks to the ocean and near Collins/Harding.
The offering is presented as turnkey, with in-place rents currently around $2,100–$2,200 per month and additional renewal upside toward approximately $2,400–$2,500 per month, supported by the seller’s remarks. An offering memorandum is available upon request.
Located at 7435 Byron Ave in Miami Beach, the property is positioned in North Beach, about three blocks to the ocean and near Collins/Harding.
The offering is presented as turnkey, with in-place rents currently around $2,100–$2,200 per month and additional renewal upside toward approximately $2,400–$2,500 per month, supported by the seller’s remarks. An offering memorandum is available upon request.
Key Highlights
- Fully renovated 10‑unit multifamily built in 1950 (CBS construction) in North Beach area of Miami Beach
- Unit mix: ten 2BR/1BA apartments; each unit includes a private backyard
- Renovations include new electrical and plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and a new roof (July 2025)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,958
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,419,160
$2.4M
Cap Rate 7%
$1,727,971
$1.7M
Cap Rate 9%
$1,343,978
$1.3M
Market Conditions
NOI Build-Up for 7,865 SF
Gross rent
$230.3K $29.28/SF
− Vacancy
−$10.4K −$1.32/SF
EGI
$219.9K $27.96/SF
− OpEx
−$99.0K −$12.58/SF
NOI
$121.0K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,419,160
Cap Rate 7%
$1,727,971
Cap Rate 9%
$1,343,978
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $120,958 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,317 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,139
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 10-unit multifamily with 2-bedroom/1-bath apartments and private backyards.
Where is this apartment building located?
The property is located at 7435 Byron Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Fully renovated 10‑unit multifamily built in 1950 (CBS construction) in North Beach area of Miami Beach; Unit mix: ten 2BR/1BA apartments; each unit includes a private backyard; Renovations include new electrical and plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and a new roof (July 2025)
