10-Unit Apartment
7435 Byron Ave, Miami Beach, FL 33141
For Sale
$3,150,000
Commercial Sale, Miami Beach, FL
Property Size7,865 SF
Lot Size0.17 Acres
Price / SF$400.51
Days on Market139
Property Features for 7435 Byron Ave
General Information
Property type
Property subtype
Zoning description
Security features
Exterior features
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Amenities
private backyards
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Eric Amsallem · License FL #3185189
(786) 985-1374
Added: Jun 30
Changed: Nov 15
Last Checked: Nov 15 at 6:06PM
MLS# A11891843
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1950 with concrete-block construction, this apartment property contains 10 two-bedroom, one-bath residences. Five apartments have private backyards. The 7,865-square-foot building received interior improvements, electrical and plumbing work, new air-conditioning units, storm shutters, landscaping updates, and a replacement roof in July 2025.
The property occupies a 0.1722-acre site in Miami Beach, three blocks from the ocean and near Collins and Harding. Laminate flooring is listed among the interior finishes.
The property occupies a 0.1722-acre site in Miami Beach, three blocks from the ocean and near Collins and Harding. Laminate flooring is listed among the interior finishes.
Key Highlights
- 10 apartments, each with 2 bedrooms and 1 bathroom
- 7,865‑square‑foot building on a 0.1722‑acre parcel
- Five units include private backyards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,046
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,440,920
$2.4M
Cap Rate 7%
$1,743,514
$1.7M
Cap Rate 9%
$1,356,067
$1.4M
Market Conditions
NOI Build-Up for 7,865 SF
Gross rent
$237.8K $30.24/SF
− Vacancy
−$15.9K −$2.03/SF
EGI
$221.9K $28.21/SF
− OpEx
−$99.9K −$12.70/SF
NOI
$122.0K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,440,920
Cap Rate 7%
$1,743,514
Cap Rate 9%
$1,356,067
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.53M – $2.03M
NOI $122,046 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.29M
$3.76M – $5.01M
NOI $300,642 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
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
$434,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Miami Beach, FL
Properties on Market for Apartment buildings in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has two bedrooms and one bath, with private backyard space included in select units.
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: 10 apartments, each with 2 bedrooms and 1 bathroom; 7,865‑square‑foot building on a 0.1722‑acre parcel; Five units include private backyards
