Miami, FL 33127

$1,350,000
Property Type: Residential Income Square Footage: 3,575 Status: Active
Current Price: $1,350,000 List Date: 8/25/2026 Last Modified: 9/30/2026

Overview

Description

5-unit multifamily investment in Miami's Allapattah neighborhood offering in-place income, immediate lease-up upside and longer-term redevelopment optionality. Four 2BR/1BA units plus a legal detached 2BR/2BA, five separate electric meters and one vacant unit. Historical T-12: $108,822 gross income and $91,295 NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currently zoned T4-R. Adjacent 765 NW 35th St is T5-L, providing a relevant nearby zoning precedent for buyers evaluating future rezoning, mixed-use, workforce housing or Live Local strategies. Near Wynwood, Miami Health District, Downtown, SR-836, I-95 and MIA. Redevelopment potential subject to independent verification and City approvals.

Listing Details MLS# A12077881

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
3575
Living Area Main
3575
Adjusted Area Main
2540
Year Built
1937
Parking Total
10
Stories Total
2
Pool Private YN
No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Security; Rent Rolls Flooring: Tile; Other Property Condition: Resale; Updated/Remodeled Structure Type: Multi Family Construction Materials: Other Cooling: Wall/Window Unit(s) Heating: Separate Meters; Window/Wall Listing Terms: Cash; Conventional Possession: Negotiable Roof: Other Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: Call Listing Agent Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space

Contract Information

Comp Sale YN
No
Original List Price
1350000

Location and Legal

County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33127
Postal Code +4
3358
Postal Zip
33127
Subdivision Name
EDEN PARK
Elementary School
Santa Clara
Middle Or Junior School
Georgia Jones-Ayers
High School
Miami Jackson
Subdivision Number
29
Zoning
3900
Flood Zone
X

Financial Information

Tax Annual Amount
12053
Tax Year
2025
Tax Legal Description
26 53 41 EDEN PARK PB 7-29 LOT 22 LESS S5FT TO CITY LOT SIZE 6650 SQUARE FEET OR 16240-4682 0294 1 COC 25209-1975 12 2006 1

Status Change Information

Major Change Timestamp
2026-08-25T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-08-26

More Information

Income and Expenses

Gross Income
108822
Net Operating Income
91295
Total Expenses
17527

Unit 1 Details

Actual Rent
1850
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 1 Lease Description

Currently Leased YN
Yes

Unit 2 Details

Actual Rent
1900
Baths Full
2
Efficiency YN
No
Furnished
Unfurnished

Unit 2 Lease Description

Currently Leased YN
Yes

Unit 3 Details

Actual Rent
1850
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 3 Lease Description

Currently Leased YN
Yes

Unit 4 Details

Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 4 Lease Description

Currently Leased YN
Yes

Price Calculations

Current Price To SqFt
377.62

Section Details

Parcel Number MLX
0200

Originating Details

Originating System Key
560015642
Originating System ID
M00000151
IDX
Listing Office: Real Estate Sales Force
Source MLS Verified
Last Updated: September - 30 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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