Canal-Front Multifamily
For Sale
Contact for pricing
759 S Biscayne River Dr, Miami, FL 33169
Multiple living spaces include a main house, duplex, and separate guest house.
Property Size3,443 SF
Lot Size0.59 Acres
Price / SF$261.11
Days on Market83
Property Features for 759 S Biscayne River Dr
General Information
Standard status
Active
Size
3,443 SF
Lot size
0.59 Acres
Property subtype
Multifamily
Zoning
0100
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1951
Listing Agency:
Americasa Realty
Listed By:
Magda Robles · License #0630346
Source:
Crexi
Added: Jul 31
Changed: Oct 16
Last Checked: Oct 20 at 7:16PM
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 Americasa Realty
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Investment Insights
Based on property information with market context.
This multifamily property occupies 0.59 acres along the Biscayne Canal and includes 3,443 square feet of existing improvements. The configuration comprises a four-bedroom main residence, a duplex with one bedroom and one bathroom on each side, and a detached guest house serving as in-law quarters. Across the living spaces, the property contains 7+ bedrooms and 7 bathrooms. A circular driveway, gated and walled perimeter, boat parking area, and room for a pool add to the site layout. The property uses well water, three septic tanks, central A/C in the main house, and split A/C systems in the other units.
The address is approximately 5 minutes from Hard Rock Stadium, 15 minutes from South Florida beaches, and 20 minutes from the airport. The freshwater canal frontage accommodates kayaking, paddleboarding, and small shallow-draft watercraft. The property is coded for duplex use and described for 2 to 9 units. It is offered as-is, with cash-only terms and buyer responsibility for due diligence.
The address is approximately 5 minutes from Hard Rock Stadium, 15 minutes from South Florida beaches, and 20 minutes from the airport. The freshwater canal frontage accommodates kayaking, paddleboarding, and small shallow-draft watercraft. The property is coded for duplex use and described for 2 to 9 units. It is offered as-is, with cash-only terms and buyer responsibility for due diligence.
Key Highlights
- 0.59‑acre site with direct frontage on the Biscayne Canal
- 3,443 SF of improvements built in 1951
- 7+ bedrooms and 7 bathrooms across multiple living spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,604
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,272,080
$1.3M
Cap Rate 7%
$908,629
$908.6K
Cap Rate 9%
$706,711
$706.7K
Market Conditions
NOI Build-Up for 3,443 SF
Gross rent
$123.9K $36.00/SF
− Vacancy
−$8.3K −$2.41/SF
EGI
$115.6K $33.59/SF
− OpEx
−$52.0K −$15.11/SF
NOI
$63.6K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,272,080
Cap Rate 7%
$908,629
Cap Rate 9%
$706,711
Alternative Uses
Best Use
Apartment 5plus
$908.6K
$795.1K – $1.06M
NOI $63,604 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,683 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
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Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multiple living spaces include a main house, duplex, and separate guest house.
Where is this multifamily property located?
The property is located at 759 S Biscayne River Dr Miami, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 0.59‑acre site with direct frontage on the Biscayne Canal; 3,443 SF of improvements built in 1951; 7+ bedrooms and 7 bathrooms across multiple living spaces
