Multifamily Building with 8
7936 Harding Avenue Miami Beach, FL 33141
New
7936 Harding Avenue, Miami Beach, FL, 33141
$2,059,000
For Sale
$2,059,000
Standalone multifamily building with eight stabilized units: four studios and four one-bedrooms.
Property Size4,640 SF
Price / SF$443.75
Days on Market5
Property Features for 7936 Harding Avenue
General Information
- Standard status
- Active
- Size
- 4,640 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1939
Listing agency
Elite Ocean View Realty LLC
(786) 380-0581
Listed by
Teodoro Palmieri · License #R11165434
(786) 380-0581
Source
Lehmannflorida
Added: Jul 19 Updated: Jul 21 at 1:02PM Checked: Jul 23 at 5:24AM
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 Elite Ocean View Realty LLC
Investment Insights
Based on property information with market context.
This standalone multifamily property includes 8 stabilized units: 4 studios and 4 one-bedrooms. The building is currently fully occupied on steady one-year leases. Reported financials include gross income of $164,400 per year, operating expenses of $40,777 per year, resulting in a net operating income (NOI) of $123,623.
The asset is located at 7936 Harding Avenue in Miami Beach, Florida. The provided remarks note the property is in a district that explicitly permits short-term rentals (STR), offering the option for a new owner to pivot the building to a vacation rental or flexible-stay model.
The asset is located at 7936 Harding Avenue in Miami Beach, Florida. The provided remarks note the property is in a district that explicitly permits short-term rentals (STR), offering the option for a new owner to pivot the building to a vacation rental or flexible-stay model.
Key Highlights
- Standalone multifamily building built in 1939 with 8 stabilized units: 4 studios and 4 one‑bedrooms
- Current income: $164,400 gross income per year with lean operating expenses of $40,777
- Projected Net Operating Income (NOI) of $123,623 based on provided figures
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 | $135.9k | $29.28 |
| − Vacancy | −$6.1k | −$1.32 |
| EGI | $129.7k | $27.96 |
| − OpEx | −$58.4k | −$12.58 |
| NOI | $71.4k | $15.38 |
4,640 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$892.0K – $1.19M
NOI $71,360 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,785 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Standalone multifamily building with eight stabilized units: four studios and four one-bedrooms.
Where is this apartment building located?
The property is located at 7936 Harding Avenue Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,059,000.
What are key features of this property?
This property features: Standalone multifamily building built in 1939 with 8 stabilized units: 4 studios and 4 one‑bedrooms; Current income: $164,400 gross income per year with lean operating expenses of $40,777; Projected Net Operating Income (NOI) of $123,623 based on provided figures
