851 80th StMiami Beach, FL 33141

Description

A well-maintained four-unit multifamily property in Miami Beach’s North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beach’s fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment. Zoned RM-1 (3900 – Multifamily, 38–62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized. Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Style

Fourplex

Year built

1947

Stories

2

Living area

4,458 Sq Ft

Days on market

358

MLS^® Listing#

A11923537

Property Features

Cooling

Central Air

Heating

Central

Flooring

Hardwood · Wood

Pool

None

Construction

Block

Roof

Concrete

Utilities

Cable Available

Sewer

Public Sewer

Financial Details

Annual taxes

$17,758Tax year 2025

Parcel number

02-32-02-008-0701