16-Unit Apartment
7636 Harding Ave, Miami Beach, FL 33141
For Sale
New
$7,000,000
The two eight-apartment buildings occupy separate parcels, and the Abbott Avenue property has coin-operated laundry.
Property Size13,136 SF
Price / SF$532.89
Days on Market2
Property Features for 7636 Harding Ave
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Asking Price
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
coin-operated laundry
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Eagle Realty LLC d/b/a Keller Williams Eagle Realty
Listed By:
Murat Ocal · License #3576243
(305) 815-8158
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:43PM
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 Eagle Realty LLC d/b/a Keller Williams Eagle Realty
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Investment Insights
Based on property information with market context.
This Miami Beach multifamily offering combines two apartment buildings, one at 7636 Harding Ave and the other at 7635 Abbott Ave. Each contains eight apartments, with 13,136 SF of building area and 11,150 SF of land reported across the properties. Built in 1956, the buildings have different interior conditions: five apartments have been renovated, while eleven retain their original interiors. Two renovated, furnished apartments are vacant. Furnishings and appliances in designated units are included according to an inventory, and the Abbott Avenue building has coin-operated laundry.
The buildings are in the North Beach neighborhood. Fourteen units are listed as occupied on month-to-month tenancies. The properties are offered together, and proposals for either building individually may also be considered by the seller. Access to occupied apartments requires tenant consent, and showings require at least one day’s notice.
The buildings are in the North Beach neighborhood. Fourteen units are listed as occupied on month-to-month tenancies. The properties are offered together, and proposals for either building individually may also be considered by the seller. Access to occupied apartments requires tenant consent, and showings require at least one day’s notice.
Key Highlights
- Two apartment buildings with eight units apiece, offered as a 16‑unit portfolio
- 13,136 SF of building area and 11,150 SF of land across the properties
- Five renovated apartments; eleven units retain original interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,023
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,040,460
$4.0M
Cap Rate 7%
$2,886,043
$2.9M
Cap Rate 9%
$2,244,700
$2.2M
Market Conditions
NOI Build-Up for 13,136 SF
Gross rent
$384.6K $29.28/SF
− Vacancy
−$17.3K −$1.32/SF
EGI
$367.3K $27.96/SF
− OpEx
−$165.3K −$12.58/SF
NOI
$202.0K $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%
$4,040,460
Cap Rate 7%
$2,886,043
Cap Rate 9%
$2,244,700
Alternative Uses
Best Use
Apartment 5plus
$2.89M
$2.53M – $3.37M
NOI $202,023 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.66M
$5.83M – $7.78M
NOI $466,511 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
2,057
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 Apartment buildings in Miami Beach, FL
Properties on Market for Apartment buildings in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The two eight-apartment buildings occupy separate parcels, and the Abbott Avenue property has coin-operated laundry.
Where is this apartment building located?
The property is located at 7636 Harding Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Two apartment buildings with eight units apiece, offered as a 16‑unit portfolio; 13,136 SF of building area and 11,150 SF of land across the properties; Five renovated apartments; eleven units retain original interiors
