Double-Lot Multifamily
7717 Byron Ave Miami Beach, FL 33141
7717 Byron Ave, Miami Beach, FL, 33141
$5,500,000
For Sale
$5,500,000
Double-lot multifamily property featuring 20 income-producing units in Miami Beach.
Property Size10,809 SF
Price / SF$508.84
Days on Market342
Property Features for 7717 Byron Ave
General Information
- Standard status
- Active
- Size
- 10,809 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1958
Listing agency
Beachfront Realty Inc
(786) 287-3633
Listed by
Marilina Apfelbaum · License #0662372
(786) 287-3633
Source
Xome
Added: Aug 14, 2025 Updated: Jul 20 at 7:33PM Checked: Jul 21 at 3:11AM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This for-sale multifamily property is located on a double-lot and includes 20 income-producing units. The offering is positioned for current rental income and also reflects a development-forward site configuration as presented in the offering materials.
The property is described as being in the heart of Miami Beach and strategically positioned near restaurants, upscale shopping centers, and the Miami Beach shoreline.
For buyers and investors looking for a 20-unit income asset on a double-lot, this property at 7717 Byron Ave, Miami Beach, FL 33141 is presented as a solid multifamily acquisition with future development potential noted in the remarks.
The property is described as being in the heart of Miami Beach and strategically positioned near restaurants, upscale shopping centers, and the Miami Beach shoreline.
For buyers and investors looking for a 20-unit income asset on a double-lot, this property at 7717 Byron Ave, Miami Beach, FL 33141 is presented as a solid multifamily acquisition with future development potential noted in the remarks.
Key Highlights
- Double‑lot multifamily property in Miami Beach
- 20 income‑producing units
- Year built: 1958
Local 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 | $316.5k | $29.28 |
| − Vacancy | −$14.2k | −$1.32 |
| EGI | $302.2k | $27.96 |
| − OpEx | −$136.0k | −$12.58 |
| NOI | $166.2k | $15.38 |
10,809 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.37M
$2.08M – $2.77M
NOI $166,235 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.48M
$4.80M – $6.40M
NOI $383,870 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Double-lot multifamily property featuring 20 income-producing units in Miami Beach.
Where is this apartment building located?
The property is located at 7717 Byron Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Double‑lot multifamily property in Miami Beach; 20 income‑producing units; Year built: 1958
