1 Ne 78th St, Miami, Florida 33138
  • $2,600,000

Overview

Property ID: MSA12011267
  • Multi Family, Commercial Sale
  • Property Type
  • 6395 Sqft
  • Area Size
  • 1971
  • Year Built

Description

13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7, 496 SF of living area on a 13, 063 SF lot and is currently operating with stable in-place income. Offered at $2, 600, 000, the property generates an in- place NOI of approximately $191, 000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.

  • Address: 1 NE 78th St
  • City: Miami
  • State/county: FL
  • Zip/Postal Code: 33138

Details

Updated on September 10, 2026 at 2:52 am
  • Property ID MSA12011267
  • Price $2,600,000
  • Property Size 6395 Sqft
  • Garage Size x x
  • Year Built 1971
  • Property Type Multi Family, Commercial Sale
  • Property Status Active
  • MLS# A12011267

Additional details

  • County Miami-Dade
  • Property Type Commercial Sale

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Montesol Realty Inc

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