20-Unit Multifamily
7717 Byron Ave, Miami Beach, FL 33141
For Sale
$4,700,000
Commercial Sale, Miami Beach, FL
Property Size10,809 SF
Lot Size0.26 Acres
Price / SF$434.82
Days on Market139
Property Features for 7717 Byron Ave
General Information
Property type
Property subtype
Zoning description
Lot features
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Number of units
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Marilina Apfelbaum · License FL #0662372
(786) 287-3633
Added: Jun 30
Changed: Nov 10
Last Checked: Nov 15 at 6:06PM
MLS# A12043504
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20-unit apartment property at 7717 Byron Ave contains 10,809 square feet on an 11,300-square-foot lot. Built in 1958, the building is an existing multifamily asset with income in place.
The property is in Miami Beach, near Collins Avenue, the beach, restaurants, and shops.
The property is in Miami Beach, near Collins Avenue, the beach, restaurants, and shops.
Key Highlights
- 20‑unit multifamily property
- 10,809 square feet of building area
- 11,300‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,730
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,354,600
$3.4M
Cap Rate 7%
$2,396,143
$2.4M
Cap Rate 9%
$1,863,667
$1.9M
Market Conditions
NOI Build-Up for 10,809 SF
Gross rent
$326.9K $30.24/SF
− Vacancy
−$21.9K −$2.03/SF
EGI
$305.0K $28.21/SF
− OpEx
−$137.2K −$12.70/SF
NOI
$167.7K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,354,600
Cap Rate 7%
$2,396,143
Cap Rate 9%
$1,863,667
Alternative Uses
Best Use
Apartment 5plus
$2.40M
$2.10M – $2.80M
NOI $167,730 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.90M
$5.16M – $6.89M
NOI $413,177 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
2,057
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
$434,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 established building offers existing income and a scale suited to multifamily ownership.
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 $4,700,000.
What are key features of this property?
This property features: 20‑unit multifamily property; 10,809 square feet of building area; 11,300‑square‑foot lot
