10-Unit Apartment
For Sale
$3,150,000
7435 Byron Ave, Miami Beach, FL 33141
Residential Income, Miami Beach, FL
Property Size7,865 SF
Price / SF$400.51
Days on Market86
Property Features for 7435 Byron Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
3900
Subdivision
HARDING TOWNSITE
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
02-32-02-003-0310
Size
7,865 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
HARDING TOWNSITE PB 34-4 LOT 10 BLK 3 LOT SIZE 50.000 X 150 OR 18267-2737 0998 1
Tax Annual Amount
32321
Legal Description
HARDING TOWNSITE PB 34-4 LOT 10 BLK 3 LOT SIZE 50.000 X 150 OR 18267-2737 0998 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1950
Floors in Building
2
Flooring type
Vinyl
Building materials
CBSConcreteBlockStructure, Block
Roof type
Flat, Tile
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Eric Amsallem · License #3185189
(786) 985-1374
Added: Jul 18
Changed: Oct 10
Last Checked: Oct 11 at 2:06AM
MLS# A11891783
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.
Investment Insights
Based on property information with market context.
This 7,865-square-foot apartment property was built in 1950 with CBS construction. It contains 10 two-bedroom, one-bathroom apartments, including five with private backyards. Improvements include updated electrical and plumbing systems, new air conditioning, hurricane shutters, refreshed landscaping, and a replacement roof completed in July 2025.
The property is in Miami Beach, three blocks from the ocean and near Collins and Harding. The building has a flat, tile roof and vinyl flooring, with public sewer service.
The property is in Miami Beach, three blocks from the ocean and near Collins and Harding. The building has a flat, tile roof and vinyl flooring, with public sewer service.
Key Highlights
- 10 apartments, each with 2 bedrooms and 1 bathroom
- 7,865 square feet in a 1950 CBS building
- Five apartments have private backyards
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,139
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated electrical, plumbing, air conditioning, roof, and landscaping complement the property's apartment configuration.
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 feet in a 1950 CBS building; Five apartments have private backyards
