Miami Beach Multifamily Investment
For Sale
$1,574,000
7630 Byron Avenue, Miami Beach, FL 33141
Income-producing, renovated 6-unit property near Miami Beach.
Property Size3,400 SF
Price / SF$462.94
Days on Market223
Property Features for 7630 Byron Avenue
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Residential Income / Fourplex
Taxes and HOA fees
Annual Taxes
$17,050
Building Details
Year Built
1950
Listing Agency:
The Keyes Company
Listed By:
Ryan Sullivan · License #3275793
(954) 389-3459
Source:
Compass
Added: Mar 12
Changed: Oct 19
Last Checked: Oct 19 at 9:09AM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
This multifamily property in Miami Beach presents an investment opportunity. The fully renovated building contains six units, including four 1-bedroom/1-bath residences and two studio apartments. The property is located near the beach, Collins Avenue, dining, shopping, and entertainment venues. The property generates rental income exceeding $11,300 per month. Upgrades throughout the property contribute to low-maintenance ownership and tenant appeal. The property contains 3,400 square feet.
Key Highlights
- Prime Miami Beach location, steps from the beach, Collins Avenue, dining, shopping, and entertainment.
- Fully renovated, turnkey property with 6 income‑producing units.
- Strong current cash flow with gross rental income exceeding $11,300/month.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,290
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,800
$1.0M
Cap Rate 7%
$747,000
$747.0K
Cap Rate 9%
$581,000
$581.0K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$99.6K $29.28/SF
− Vacancy
−$4.5K −$1.32/SF
EGI
$95.1K $27.96/SF
− OpEx
−$42.8K −$12.58/SF
NOI
$52.3K $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%
$1,045,800
Cap Rate 7%
$747,000
Cap Rate 9%
$581,000
Alternative Uses
Best Use
Apartment 5plus
$747.0K
$653.6K – $871.5K
NOI $52,290 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,747 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,084
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
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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?
Apartment building - Income-producing, renovated 6-unit property near Miami Beach.
Where is this apartment building located?
The property is located at 7630 Byron Avenue Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,574,000.
What are key features of this property?
This property features: Prime Miami Beach location, steps from the beach, Collins Avenue, dining, shopping, and entertainment.; Fully renovated, turnkey property with 6 income‑producing units.; Strong current cash flow with gross rental income exceeding $11,300/month.**
