Four-Unit
744 85th St, Miami Beach, FL 33141
For Sale
$1,399,000
The property includes two 2-bedroom, 2-bath units and two 2-bedroom, 1-bath units.
Property Size4,372 SF
Price / SF$319.99
Days on Market123
Property Features for 744 85th St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Wall A/C units
Washer & Dryer on site
Building Details
Building Size
Year Built
Listing Agency:
Cervera Real Estate Inc
Listed By:
Paulina Muro · License #0688890
(786) 356-4000
Source:
Jofregroup
Added: Jul 10
Changed: Nov 8
Last Checked: Nov 8 at 8:20PM
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 Cervera Real Estate Inc
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Investment Insights
Based on property information with market context.
Built in 1955, this 4,372-square-foot quadplex has four apartments: two with two bedrooms and two bathrooms, and two with two bedrooms and one bathroom. Wall-mounted air-conditioning units serve the apartments, and an on-site washer and dryer are provided. The building’s 40-year recertification was completed in 2026.
The property is in Miami Beach’s North Beach area, a few blocks from the beach, Collins Avenue, shopping, and restaurants.
The property is in Miami Beach’s North Beach area, a few blocks from the beach, Collins Avenue, shopping, and restaurants.
Key Highlights
- 4,372‑square‑foot quadplex
- Unit mix: two 2‑bedroom, 2‑bath units and two 2‑bedroom, 1‑bath units
- 40‑year recertification completed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,843
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,860
$1.4M
Cap Rate 7%
$969,186
$969.2K
Cap Rate 9%
$753,811
$753.8K
Market Conditions
NOI Build-Up for 4,372 SF
Gross rent
$132.2K $30.24/SF
− Vacancy
−$8.9K −$2.03/SF
EGI
$123.4K $28.21/SF
− OpEx
−$55.5K −$12.70/SF
NOI
$67.8K $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%
$1,356,860
Cap Rate 7%
$969,186
Cap Rate 9%
$753,811
Alternative Uses
Best Use
Apartment 5plus
$969.2K
$848.0K – $1.13M
NOI $67,843 @ 7.0% cap · market cap 4.85%
Second Best
Multifamily LT 5
$733.3K
$641.6K – $855.5K
NOI $51,329 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,121 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
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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 - The property includes two 2-bedroom, 2-bath units and two 2-bedroom, 1-bath units.
Where is this quadplex located?
The property is located at 744 85th St Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 4,372‑square‑foot quadplex; Unit mix: two 2‑bedroom, 2‑bath units and two 2‑bedroom, 1‑bath units; 40‑year recertification completed in 2026
