Two-Story Multifamily with Approved
7821 Byron Ave Miami Beach, FL 33141
For Sale
$1,500,000
Two-story multifamily building with four units, plus an approved five-story project for 14 units.
Property Size3,382 SF
Price / SF$443.52
Days on Market324
Property Features for 7821 Byron Ave
General Information
- Standard status
- Active
- Size
- 3,382 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1952
Listing Agency:
Beachfront Realty Inc
(786) 287-3633
Listed By:
Marilina Apfelbaum · License #0662372
(786) 287-3633
Source:
Xome
Added: Sep 3, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:34AM
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.
The property currently includes a two-story multifamily building with four rentable units, providing an on-site income component for the existing structure. An approved project is also in place to develop a five-story building with 14 units.
Located at 7821 Byron Ave in Miami Beach, Florida, the asset offers both current residential income and a clear development path tied to the approved plans.
For buyers or brokers evaluating an existing building alongside approved redevelopment, the key commercial fact here is the transition from four units in the current two-story configuration to a proposed 14-unit, five-story building under approval.
Located at 7821 Byron Ave in Miami Beach, Florida, the asset offers both current residential income and a clear development path tied to the approved plans.
For buyers or brokers evaluating an existing building alongside approved redevelopment, the key commercial fact here is the transition from four units in the current two-story configuration to a proposed 14-unit, five-story building under approval.
Key Highlights
- Two‑story multifamily building built in 1952 offering 4 rentable units
- Interior includes guest facilities for 3
- Approved development plan for a five‑story building with 14 luxury units
Financial Insights For Multifamily LT 5
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 | $85.2k | $25.20 |
| − Vacancy | −$4.7k | −$1.39 |
| EGI | $80.5k | $23.81 |
| − OpEx | −$24.2k | −$7.14 |
| NOI | $56.4k | $16.67 |
3,382 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$805.4K
$704.7K – $939.6K
NOI $56,377 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$743.0K
$650.2K – $866.9K
NOI $52,013 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,108 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Two-story multifamily building with four units, plus an approved five-story project for 14 units.
Where is this quadplex located?
The property is located at 7821 Byron Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two‑story multifamily building built in 1952 offering 4 rentable units; Interior includes guest facilities for 3; Approved development plan for a five‑story building with 14 luxury units
