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Miami Investment Properties & Multifamily for Sale

Live BeachesMLS listings matching this search in Miami, Florida, updated throughout the day.

Small income property in Miami sits on the older grid close to the jobs. Duplexes, triplexes and fourplexes in Little Havana, Allapattah, Little River, Flagami and Shenandoah lease to people working downtown, at Jackson Memorial and the Health District, at the airport and at the port, and most were built between the twenties and the sixties. Verify the legal unit count in the city or county record rather than counting kitchens, because the way a building is laid out and what it is permitted for often differ, and ask whether a recertification is due. A downtown condo can work as a short stay only where zoning, the association, a state license and tourist-tax registration all line up, so confirm each before you count that Miami income.

43 listings, newest first.

The 43 listings on this page run from $395,000 to $2,500,000, with a median of $775,000, about $420 per square foot, and they have been listed a median of 7 days.

What Investors Buy in Miami

What actually trades as investment property in Miami is small and old. Duplexes, triplexes and fourplexes on the pre-war and mid-century grid in Little Havana, Allapattah, Little River, Flagami and Shenandoah make up most of it, bought for steady annual tenants who work nearby rather than for appreciation alone. A second category is the lot itself: a duplex-zoned parcel in Shenandoah, Silver Bluff or The Roads bought for what townhomes can be built on it, or an older warehouse near the railway in Little River bought for reuse. A third is a downtown condominium held for annual rent where the building caps leasing, or for short stays where it does not. Each Miami category has a different tenant and a different exit.

Reading the Numbers in Miami

Underwrite a Miami deal on your own numbers rather than the seller's. Florida property taxes reassess to the purchase price at closing, so the current owner's tax line understates yours, often sharply on a long-held building. Insurance is the swing item: wind and flood pricing on an older block building near the bay or the river can move enough to change the outcome, and roof age drives it. In a condominium, dues rise after a milestone inspection, and a special assessment can arrive after you close, so read the reserve study before the listing sheet. Any published income is the listing agent's projection until you see signed leases, deposits and a rent ledger, and unpermitted units in Miami produce rent that will not survive underwriting.

The Numbers on These Listings

Straight from the MLS, updated through the day. Income and capitalization rates are what the listing agent published, not audited figures: treat them as the start of underwriting, and ask for certified operating statements before you offer.

PropertyPriceUnitsPer unitIncomeCap rateTaxesHOADays on market
2323 NW 55th Terrace (reduced from $840,000)$775,0002$387,500——$2,381—76 days
445 SW 36th Avenue$950,0002$475,000$6,200 gross—$12,458—0 days
521 NW 44th Avenue$700,0002$350,000$2,750 gross—$7,949—0 days
1963 SW 17th Court$1,100,0003$366,667——$13,475—1 days
2472 NW 65th Street$675,0002$337,500$5,200 gross—$8,076—1 days
30 NW 56th Court$730,0002$365,000$5,350 gross—$10,256—34 days
1551 NE 117th Street$850,0002$425,000——$6,226—2 days
11351 NW 11th Avenue$675,0004$168,750$5,000 gross—$6,781—2 days
7770 NW 9th Avenue (reduced from $560,000)$555,0002$277,500——$5,508—50 days
919 NW 102nd Street$599,0002$299,500——$7,370—3 days
2388 NW 33rd Street$655,0002$327,500$2,300 gross—$7,047—3 days
2135 NW 1st Terrace$849,0004$212,250$5,400 gross—$10,099—3 days
1250 NW 58th Street (reduced from $625,000)$599,0002$299,500$2,200 gross—$8,228—3 days
138 NW 33rd Street$2,500,0002$1,250,000——$9,320—3 days
152 NW 33rd Street$2,500,0002$1,250,000$5,300 gross—$9,320—3 days
2232 SW 13th Street$1,280,0002$640,000$6,300 gross—$15,174—4 days
569 SW 5th Street$999,0002$499,500——$4,147—5 days
147 NW 61st Street$2,190,0004$547,500$15,063 gross—$5,833—6 days
2484 SW 10th Street$1,349,0004$337,250$9,050 gross—$15,372—6 days
985 SW 10th Street$1,800,0004$450,000$8,850 gross—$2,019,554—6 days
984 SW 9th Street$1,800,0004$450,000$8,900 gross—$1,803,215—6 days
1010 SW 8th Avenue$1,059,0002$529,500——$14,833—6 days
MLS A12092153$564,7992$282,400——$0—6 days
10841 NW 8th Avenue$599,0012$299,501——$6,725—73 days

Get Miami Investment Deals Before They Are Picked Over

BreakThru Realty emails new income property matching this search as it comes on the market, and will underwrite any listing with you: the rents in place, the taxes as they reset on sale, insurance quoted today, and what comparable buildings actually traded for. You can request a property analysis, ask about off-market opportunities or schedule an investor consultation from this page.

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