16-Unit Apartment
New
For Sale
$7,000,000
7636 Harding Ave, Miami Beach, FL 33141
Commercial Sale, Miami Beach, FL
Property Size13,136 SF
Lot Size0.26 Acres
Price / SF$532.89
Days on Market1
Property Features for 7636 Harding Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RM-1
Lot features
Flood Zone
Subdivision
32
Standard status
Active
APN
02-32-02-007-0750
Lot size
0.26 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
ALTOS DEL MAR NO 3 PB 8-41: LOT 11 LESS E2.5FT BLK 11 (7636 HARDING) AND LOT 2 BLK 11 (7635 ABBOTT).
Tax Annual Amount
55682
Legal Description
ALTOS DEL MAR NO 3 PB 8-41: LOT 11 LESS E2.5FT BLK 11 (7636 HARDING) AND LOT 2 BLK 11 (7635 ABBOTT).
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
coin-operated laundry
Building Details
Year built
1956
Number of units
16
Building materials
Block
Buildings
2
Listing Agency:
Keller Williams Eagle Realty · Keller Williams Realty
(305) 757-1700
Listed By:
Murat Ocal · License #3576243
(305) 815-8158
Added: Nov 5
Last Checked: Nov 5 at 10:06PM
MLS# A12118571
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.
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Investment Insights
Based on property information with market context.
This apartment portfolio comprises two buildings with eight units each, for 16 apartments across separate parcels. The properties contain 13,136 SF of building area and 11,150 SF of land. Built in 1956, the buildings have block construction, public water and sewer, and wall or window unit cooling. One building also has coin-operated laundry. Five apartments have been renovated, including two furnished units that are currently vacant; the other 11 retain their original interiors.
The buildings are in Miami Beach’s North Beach neighborhood. Fourteen apartments are occupied under month-to-month tenancies. Access to occupied units requires tenant consent, and showings require at least one day’s notice.
The buildings are in Miami Beach’s North Beach neighborhood. Fourteen apartments are occupied under month-to-month tenancies. Access to occupied units requires tenant consent, and showings require at least one day’s notice.
Key Highlights
- 16 apartments across two buildings, with eight units in each
- 13,136 SF of building area on 11,150 SF of land
- Five renovated apartments; 11 interiors remain in original condition
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
16
Residential units
Multi-tenant
Tenancy
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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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 - Two separate buildings provide eight rental apartments apiece in Miami Beach’s North Beach neighborhood.
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: 16 apartments across two buildings, with eight units in each; 13,136 SF of building area on 11,150 SF of land; Five renovated apartments; 11 interiors remain in original condition
