4-Unit Multifamily
7821 Byron Ave, Miami Beach, FL 33141
For Sale
$1,300,000
Commercial Sale, Miami Beach, FL
Property Size3,382 SF
Lot Size0.13 Acres
Price / SF$384.39
Days on Market128
Property Features for 7821 Byron Ave
General Information
Property type
Property subtype
Zoning description
Lot features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
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: Jul 6
Changed: Nov 10
Last Checked: Nov 10 at 7:06PM
MLS# A12043851
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 four-unit multifamily property contains 3,382 square feet of building area on a 5,650-square-foot lot. Built in 1952, it has tenants in place, providing an existing income-producing configuration.
The property is at 7821 Byron Ave in Miami Beach, near Collins Avenue, the beach, restaurants, and shops. It is located in the North Beach area.
The property is at 7821 Byron Ave in Miami Beach, near Collins Avenue, the beach, restaurants, and shops. It is located in the North Beach area.
Key Highlights
- Four‑unit multifamily property
- 3,382 square feet of building area on a 5,650‑square‑foot lot
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,481
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,620
$1.0M
Cap Rate 7%
$749,729
$749.7K
Cap Rate 9%
$583,122
$583.1K
Market Conditions
NOI Build-Up for 3,382 SF
Gross rent
$102.3K $30.24/SF
− Vacancy
−$6.9K −$2.03/SF
EGI
$95.4K $28.21/SF
− OpEx
−$42.9K −$12.70/SF
NOI
$52.5K $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%
$1,049,620
Cap Rate 7%
$749,729
Cap Rate 9%
$583,122
Alternative Uses
Best Use
Apartment 5plus
$749.7K
$656.0K – $874.7K
NOI $52,481 @ 7.0% cap · market cap 4.04%
Second Best
Multifamily LT 5
$567.2K
$496.3K – $661.8K
NOI $39,706 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,278 @ 7.0% cap · market cap 9.94%
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
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,558
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
$434,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Miami Beach, FL
Properties on Market for Quadplexes in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The building is occupied by tenants and sits on a 5,650-square-foot parcel in Miami Beach.
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 $1,300,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 3,382 square feet of building area on a 5,650‑square‑foot lot; Built in 1952
