Duplex with Private
955 79TH Terrace Miami Beach, FL 33141
New
955 79TH Terrace, Miami Beach, FL, 33141
$1,500,000
For Sale
$1,500,000
MULTI_FAMILY - MIAMI BEACH, FL
Property Size2,728 SF
Lot Size0.13 Acres
Price / SF$549.85
Days on Market5
Property Features for 955 79TH Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RM-1-MULT
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 6, Dining Room, Laundry Room, Bedroom 4, Bathroom 4, Laundry Room, Bathroom 3, Bedroom 2, Bedroom 3
- Security features
- Security System
- Window features
- Storm Window(s)
- Patio and Porch features
- Patio, Porch
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor
- Exterior features
- French Doors, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk, Storage
- Fencing
- Fenced
- Appliances
- Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 02-3202-008-0410
- Size
- 2,728 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BISCAYNE BEACH SUB PB 44-67 LOT 20 BLK 3 LOT SIZE 50.000 X 113 OR 21165-1650 03 2003 1
- Tax Annual Amount
- 3695
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1997
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Metal, Shingle
- Additional Structures
- Storage
Listing agency
LPT REALTY, LLC
(877) 366-2213
Listed by
Rosario Cornman · License #3484872
(352) 652-0069
Added: Jul 18 Updated: Jul 22 at 12:36PM Checked: Jul 22 at 3:06PM
MLS# OM728829
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex provides 2,728 square feet of construction with 6 bedrooms and 4 bathrooms. Interiors feature ceramic tile flooring, and the property includes a large terrace. The current configuration also supports private parking for three vehicles, along with a perimeter security camera system, an HVAC system installed in 2023, a water heater dated 2011, and a roof that was completely replaced in 2026.
Located in Miami Beach, the property is described as being in a convenient area with nearby restaurants, shopping centers, supermarkets, pharmacies, hospitals, schools, and recreational and entertainment options. It also offers access to beaches and nearby destinations including Normandy Shores Island, Indian Creek Island, Newport Fishing Pier, Haulover Beach, Miami Beach Botanical Garden, North Shore Park, and The Bass Museum.
The listing notes there is no HOA and no rental restrictions, supported by RM-1-MULT zoning (residential multifamily).
Located in Miami Beach, the property is described as being in a convenient area with nearby restaurants, shopping centers, supermarkets, pharmacies, hospitals, schools, and recreational and entertainment options. It also offers access to beaches and nearby destinations including Normandy Shores Island, Indian Creek Island, Newport Fishing Pier, Haulover Beach, Miami Beach Botanical Garden, North Shore Park, and The Bass Museum.
The listing notes there is no HOA and no rental restrictions, supported by RM-1-MULT zoning (residential multifamily).
Key Highlights
- Duplex with 2,728 SF total construction offering 6 bedrooms and 4 bathrooms
- No HOA and no rental restrictions per listing remarks
- Private parking for 3 vehicles plus perimeter security camera system
Local 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 | $68.7k | $25.20 |
| − Vacancy | −$3.8k | −$1.39 |
| EGI | $65.0k | $23.81 |
| − OpEx | −$19.5k | −$7.14 |
| NOI | $45.5k | $16.67 |
2,728 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$649.6K
$568.4K – $757.9K
NOI $45,475 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$599.4K
$524.4K – $699.3K
NOI $41,955 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,882 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offering ceramic tile interiors, a large terrace, and private parking for three vehicles in RM-1-MULT zoning.
Where is this duplex located?
The property is located at 955 79TH Terrace 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: Duplex with 2,728 SF total construction offering 6 bedrooms and 4 bathrooms; No HOA and no rental restrictions per listing remarks; Private parking for 3 vehicles plus perimeter security camera system
