North Miami Beach Investment Properties & Multifamily for Sale

The best North Miami Beach investment decision starts before you buy.

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

Income property in North Miami Beach is mostly small: duplexes, triplexes and fourplexes on the Fulford by the Sea streets, the occasional five unit building, and houses with a permitted efficiency that lease as two units. Tenants here work in Aventura, North Miami and along Interstate 95, and most leases run for a year. Compare the asking rents with the live North Miami Beach rental pages, ask for the leases, the deposits and the expenses, and confirm that every unit is permitted, because an unpermitted unit is a common reason these sales fall apart.

9 listings, newest first.

The 9 listings on this page run from $459,000 to $1,550,000, with a median of $799,000, about $384 per square foot, and they have been listed a median of 91 days.

All of them are multifamily properties. They were built between 1925 and 2026, a median of 1960, and 2 in the last ten years. They sit in 4 ZIP codes: 33160, 33161, 33162 and 33181.

What Investors Buy in North Miami Beach

Investors in North Miami Beach mostly buy small income property west of Biscayne Boulevard: duplexes and fourplexes on the Fulford by the Sea streets, houses with a permitted efficiency, and units in older condominiums that allow leasing, all of which rent to year round tenants who work in Aventura, North Miami and along Biscayne. A smaller group buys units at The Harbour or Marina Palms to lease furnished. Lots with an older house in Eastern Shores are bought to rebuild and resell, which is a construction project as much as an investment.

Reading the Numbers in North Miami Beach

Reading the numbers in North Miami Beach starts with the rents in place, not the rents a listing projects. Check the leases, the deposits and whether tenants are month to month, then price the insurance, which moves with the age of the roof and the flood zone, and the property taxes, which reset after a sale and differ between the city and unincorporated Miami-Dade. For a condominium, add the fee, any assessment and the association's leasing limits. Compare the result with the live North Miami Beach rents on the rental pages before deciding what the property is worth to you.

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.

Property	Price	Units	Per unit	Income	Cap rate	Taxes	HOA	Days on market
16031 NE 19th Place	$799,000	4	$199,750	$4,800 gross	—	$18,801	—	3 days
1800 NE 154th Street (reduced from $729,000)	$680,000	2	$340,000	$6,700 gross	—	$10,071	—	24 days
2140 NE 170th Street	$599,990	3	$199,997	$49,140 gross	—	$5,321	—	25 days
1440-1444 NE 147 Street (reduced from $1,150,000)	$999,999	2	$500,000	—	—	$2,395	—	115 days
20 NE 169TH Street 1-2	$650,000	2	$325,000	—	—	$7,873	—	71 days
394 NE 174th Street	$1,250,000	2	$625,000	$2,232 gross	—	$4,481	—	91 days
MLS A12048458 (reduced from $1,075,000)	$1,025,000	3	$341,667	$6,400 gross	—	$11,397	—	116 days
2405-2411 NE 136th Lane	$459,000	2	$229,500	$2,800 gross	—	$3,392	—	129 days
16103 NE 19th Court (reduced from $1,700,000)	$1,550,000	5	$310,000	—	—	$16,239	—	373 days

Get North Miami Beach Investment Listings the Day They Reach the Market

BreakThru Realty sends 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.

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