How much is Multifamily Property in Miami?

Multifamily Property in Miami is listed at $1,350,000. 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 Multifamily Property in Miami?

The listing reports net operating income of $91,295 a year, a cap rate of about 6.8% at the $1,350,000 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 Multifamily Property in Miami 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.

When was Multifamily Property in Miami built?

Multifamily Property in Miami was built in 1937. 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 Multifamily Property in Miami?

The listing reports annual property taxes of $12,053. 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 Multifamily Property in Miami?

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.

Multifamily Property, Miami, FL 33127

$1,350,000 · Multifamily for sale

Property type: Multi Family
Asking price: $1,350,000
Lot size: 6,534 sq ft
Zoning: 3900
Year built: 1937
Units: 2
Stories: 2
Net operating income: $91,295/yr
Cap rate: 6.8%
Tenant pays: Electricity, Trash Collection, Interior Electric, Maintenance
Buildings: 2
Parking spaces: 10
MLS#: A12077917

About this property

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: NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currently zoned T4-R. Adjacent lot 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 is subject to independent verification and City approvals.

Building Features and Utilities

Other

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
2 Bedroom	4	2 / —	—	$7,400/mo	—
2 Bedroom	1	2 / —	—	$1,900/mo	—

5 units. Reported rent $378,000 a year ($31,500 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 income	$108,822/yr
Property taxes	$12,053/yr
Other	$17,527/yr
Net operating income	$91,295/yr
Cap rate at asking price	6.8%

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 Multifamily Property

Included: Building, Fixtures, Land, Leases

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Real Estate Sales Force · J@RESF.COM · Listing agent: Juliana M Yepes

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 Multifamily Property or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About Multifamily Property

How much is Multifamily Property in Miami?: Multifamily Property in Miami is listed at $1,350,000. 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 Multifamily Property in Miami?: The listing reports net operating income of $91,295 a year, a cap rate of about 6.8% at the $1,350,000 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 Multifamily Property in Miami 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.
When was Multifamily Property in Miami built?: Multifamily Property in Miami was built in 1937. 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 Multifamily Property in Miami?: The listing reports annual property taxes of $12,053. 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 Multifamily Property in Miami?: 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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