6-Unit Apartment
835 83rd St, Miami Beach, FL 33141
For Sale
$1,490,000
Six one-bedroom, one-bath residences have individual hot water heaters and wall A/C units.
Property Size3,652 SF
Lot Size0.13 Acres
Price / SF$407
Days on Market188
Property Features for 835 83rd St
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Rich Homes of Florida
Listed By:
Joseph Torregrossa · License FL #0561175
(305) 491-7575
Source:
Vanessafrankmiami
Added: May 6
Changed: Nov 8
Last Checked: Nov 7 at 8:35PM
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 Rich Homes of Florida
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Investment Insights
Based on property information with market context.
This Miami Beach apartment property contains six one-bedroom, one-bath units across 3,652 sq.ft. The 5,650 sq ft site also includes on-site laundry, and each residence has an individual hot water heater and wall A/C. Electrical systems in all six units are new. The building was constructed in 1951, and its 40-Year Recertification was completed in 2026.
The property is a short walk from the beach and the 36-acre North Shore Open Space Park. Surfside, Bal Harbour Shops, dining, and transportation are also identified in the surrounding area.
The property is a short walk from the beach and the 36-acre North Shore Open Space Park. Surfside, Bal Harbour Shops, dining, and transportation are also identified in the surrounding area.
Key Highlights
- Legal 6‑unit apartment building with six 1‑bedroom / 1‑bath units
- 3,652 sq.ft building on 5,650 sq ft of land
- New electrical systems in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,670
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,400
$1.1M
Cap Rate 7%
$809,571
$809.6K
Cap Rate 9%
$629,667
$629.7K
Market Conditions
NOI Build-Up for 3,652 SF
Gross rent
$110.4K $30.24/SF
− Vacancy
−$7.4K −$2.03/SF
EGI
$103.0K $28.21/SF
− OpEx
−$46.4K −$12.70/SF
NOI
$56.7K $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%
$1,133,400
Cap Rate 7%
$809,571
Cap Rate 9%
$629,667
Alternative Uses
Best Use
Apartment 5plus
$809.6K
$708.4K – $944.5K
NOI $56,670 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,599 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
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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 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 - Six one-bedroom, one-bath residences have individual hot water heaters and wall A/C units.
Where is this apartment building located?
The property is located at 835 83rd St Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Legal 6‑unit apartment building with six 1‑bedroom / 1‑bath units; 3,652 sq.ft building on 5,650 sq ft of land; New electrical systems in every unit
