16-Unit Boutique
For Sale
$5,100,000
761 NW 1st St, Miami, FL 33128
MULTI_FAMILY - Other - Miami, FL
Property Size9,804 SF
Price / SF$520.20
Days on Market48
Property Features for 761 NW 1st St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
6100
Subdivision
CITY OF MIAMI SOUTH
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
01-02-00-070-1150
Size
9,804 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF MIAMI SOUTH PB B-41 S100FT LOT 13 BLK 7 LOT SIZE 5000 SQUARE FEET OR 15350-2363 0192 1 COC 21927-1328 12 2003 4
Tax Annual Amount
80929
Legal Description
CITY OF MIAMI SOUTH PB B-41 S100FT LOT 13 BLK 7 LOT SIZE 5000 SQUARE FEET OR 15350-2363 0192 1 COC 21927-1328 12 2003 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2020
Floors in Building
3
Flooring type
Vinyl, Tile
Building materials
Block
Roof type
Concrete
Architectural style
Other
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Arthur Porosoff · License #3160379
(305) 209-8866
Added: Jun 20
Changed: Jul 29
Last Checked: Aug 6 at 1:06AM
MLS# A12039122
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.
Little Havana’s 16-unit boutique multifamily community at 761-771 NW 1st Street was delivered in two phases (2017 and 2019). Construction is concrete and CMU with impact-rated glazing and key-card entry.
Interiors include polished concrete floors, custom millwork, quartz counters, and 9'+ ceilings. The four 2BR-A flats have 13'+ ceilings and each includes a 750 SF private rear yard.
The property is fully stabilized at one hundred percent occupancy. Utilities include cable available, and the building has public sewer and a concrete roof. Heating and cooling are central with central air.
Situated in Little Havana, the community is about ten minutes from Brickell, 12 minutes from Wynwood, 15 minutes from the Health District, and 23 minutes from MIA.
Interiors include polished concrete floors, custom millwork, quartz counters, and 9'+ ceilings. The four 2BR-A flats have 13'+ ceilings and each includes a 750 SF private rear yard.
The property is fully stabilized at one hundred percent occupancy. Utilities include cable available, and the building has public sewer and a concrete roof. Heating and cooling are central with central air.
Situated in Little Havana, the community is about ten minutes from Brickell, 12 minutes from Wynwood, 15 minutes from the Health District, and 23 minutes from MIA.
Key Highlights
- 16‑unit boutique multifamily community at 761‑771 NW 1st Street, delivered in two phases (2017 and 2019)
- Fully stabilized at one hundred percent occupancy with no lease‑up risk
- Concrete and CMU construction with impact‑rated glazing and key‑card entry
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $352.9k | $36.00 |
| − Vacancy | −$23.6k | −$2.41 |
| EGI | $329.3k | $33.59 |
| − OpEx | −$148.2k | −$15.11 |
| NOI | $181.1k | $18.47 |
9,804 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.59M
$2.26M – $3.02M
NOI $181,113 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.62M
$5.79M – $7.72M
NOI $463,243 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 33128, FL
8,213
Population
4,533
Households
1.8
Avg Household Size
41
Median Age
22%
College-Educated
66%
High-School Grad
0.4 sq mi
ZIP Area
20,533
Density / Sq Mi
$36,308
Median Household Income
$32,082
Median Earnings
$1,316
Median Rent
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully stabilized with 100% occupancy, impact-rated glazing, and key-card entry for controlled access.
Where is this apartment building located?
The property is located at 761 NW 1st St Miami, FL.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: 16‑unit boutique multifamily community at 761‑771 NW 1st Street, delivered in two phases (2017 and 2019); Fully stabilized at one hundred percent occupancy with no lease‑up risk; Concrete and CMU construction with impact‑rated glazing and key‑card entry
