1980 Biarritz Drive, Miami Beach, FL 33141
$1,549,000 · $395 per sq ft · Multifamily for sale
- Property type: Multi Family
- Asking price: $1,549,000
- Price per sq ft: $395
- Building size: 3,924 sq ft
- Lot size: 6,534 sq ft
- Zoning: 3900
- Year built: 1951
- Units: 3
- Net operating income: $81,992/yr
- Cap rate: 5.3%
- Tenant pays: Electricity, Interior Electric
- Parcel ID: 0232100020880
- MLS#: A12039962
About this property
Prime multifamily investment opportunity in the sought-after Normandy Isle neighborhood of Miami Beach. This well-maintained 5-unit building sits on a 6,662 SF lot and offers strong income potential with a favorable unit mix including three 1BD/1BA units, one 2BD and 1BA and one spacious 1BD/2BA penthouse residence. Ideally positioned near Normandy Park, community pool, local dining, cafés, shopping, and everyday conveniences, with easy access to Biscayne Boulevard, North Beach, and major transit routes. The property benefits from consistent rental demand driven by its central location and walkability. Excellent opportunity for investors seeking stable cash flow with future upside in one of Miami Beach’s most established rental submarkets.
Building Features and Utilities
- Block
Rent Roll
| Unit type | Units | Beds / baths | Size | Rent per unit | Pro forma |
|---|---|---|---|---|---|
| 1 Bedroom | 3 | 1 / — | — | $151/mo | — |
| 1 Bedroom | 3 | 1 / — | — | $171/mo | — |
| 1 Bedroom | 1 | 1 / — | — | $167/mo | — |
| 2 Bedroom | 1 | 2 / — | — | $171/mo | — |
8 units. Reported rent $15,648 a year ($1,304 a month).
Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.
Operating Statement
| Gross scheduled income | $116,640/yr |
|---|---|
| Property taxes | $19,343/yr |
| Insurance | $2,205/yr |
| Trash | $2,700/yr |
| Other | $1,860/yr |
| Net operating income | $81,992/yr |
| Cap rate at asking price | 5.3% |
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
About the Business at 1980 Biarritz Drive
- Included: Building, Land, Leases
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Miami Residential Group · gaston@miamiresidential.com · Listing agent: Julieta Suarez Lepre
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1980 Biarritz Drive or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 1980 Biarritz Drive
- How much is 1980 Biarritz Drive?
- 1980 Biarritz Drive is listed at $1,549,000, about $395 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is the cap rate on 1980 Biarritz Drive?
- The listing reports net operating income of $81,992 a year, a cap rate of about 5.3% at the $1,549,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
- What is 1980 Biarritz Drive zoned?
- The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 1980 Biarritz Drive?
- The listing reports 3,924 square feet of building.
- When was 1980 Biarritz Drive built?
- 1980 Biarritz Drive was built in 1951. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 1980 Biarritz Drive?
- The listing reports annual property taxes of $19,343 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 1980 Biarritz Drive?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
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