Realmo Analytics
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Property summary
This exceptional investment opportunity presents an 8-unit, two-story apartment building in Miami Beach's highly desirable South of Fifth neighborhood. Built in 1925, this meticulously maintained Mediterranean Revival-style building boasts 2,549 square feet of net rentable space situated on a 0.04-acre corner lot. The property features individual electric hot water heaters, PVC plumbing, and wall air conditioning units. All units are currently 100% occupied and offer hardwood floors, ample… closet space, and fully equipped kitchens, with select units featuring black and stainless steel appliances. The building is master-metered for electricity. Located at 723 2nd Street, it's just one block from Washington Avenue and within easy walking distance of Collins Avenue, offering unparalleled access to Miami Beach's vibrant dining, nightlife, and entertainment scene. The property benefits from its location in the Ocean Beach Historic District, a designated area preserving Miami Beach's architectural heritage. The permitted zoning is multifamily, presenting a value-add opportunity with below-market rents offering significant potential for increased income. This fee-simple ownership represents a rare chance to acquire a well-maintained multifamily property in a highly sought-after and scarce submarket, poised for long-term appreciation and consistent rent growth due to significant redevelopment in the area. The property's strong rental market is supported by a large and affluent population within a 3-mile radius, boasting an average household income exceeding $184,000. This presents a compelling investment opportunity in a thriving South Florida market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 2,549 SF
- Lot area
- 0.04 ac
- Year built
- 1925
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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Sample leads
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Off Market
AK
Absentee
AK
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Off Market
406 W, BROADWAY, AK
Absentee
406 W, BROADWAY, AK
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Off Market
W, BROADWAY, AK
Absentee
W, BROADWAY, AK
-
Off Market
1201, CAPTAINS BAY RD, AK
Absentee
1201, CAPTAINS BAY RD, AK
Sample leads
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Off Market
1404, ATS, AK
Loan from 20067.7% rateColumbia State Bank
1404, ATS, AK
-
Off Market
1503, BALLYHOO RD, AK
Loan from 2009Columbia State Bank
1503, BALLYHOO RD, AK
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Off Market
721 E, DEPOT DR, AK
Loan from 2019Northrim Bank
721 E, DEPOT DR, AK
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Off Market
AK
Loan from 2008Bmo Capital Markets Corp
AK
Leads for service soon
Still being built. It lands here next, beside the two above.
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