North Miami Investment Properties & Multifamily for Sale

The best North Miami investment decision starts before you buy.

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

Income property in North Miami is mostly small: duplexes, a few three unit buildings and fourplexes from the late 1940s and 1950s on the central and western streets, many already leased, and some on lots zoned for more units. Investors here also buy condominiums in older buildings and postwar houses to lease, but this page holds the buildings with two or more units. Before you offer on a North Miami income property, ask for the rent roll, the leases and the expenses, confirm the permitted number of units and the zoning, and compare the rents with the live North Miami rental pages.

7 listings, newest first.

The 7 listings on this page run from $519,900 to $1,200,000, with a median of $709,000, about $393 per square foot, and they have been listed a median of 104 days.

All of them are multifamily properties. They were built between 1946 and 1957, a median of 1949. They sit in 2 ZIP codes: 33161 and 33168.

What Investors Buy in North Miami

Investors in North Miami buy what the city has in quantity: older condominiums to lease to students, medical staff and families; postwar houses on the western streets to renovate and lease or resell; duplexes and fourplexes on the central streets; and, at the top, original houses at Keystone Point and Sans Souci to replace with new homes on the water. New towers at SoLé Mia draw buyers who plan to lease a unit, subject to the association's rules. Each strategy in North Miami rests on a different check, from the association's leasing rules to the city's zoning and permits.

Reading the Numbers in North Miami

Reading the numbers in North Miami starts with the costs that move quickly. Insurance on an older roof or a waterfront house can change the return more than the price, and a condominium's fee and any pending assessment come off the rent before anything else. Property taxes reset toward the purchase price after a sale, so the seller's tax bill understates yours. Compare asking rents with the leases that actually closed on the North Miami rental pages, confirm the permitted number of units on any multifamily building, and underwrite on the rents in place rather than the rents a listing projects.

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
1341 NE 149 Street	$680,000	2	$340,000	$5,000 gross	—	$9,003	—	16 days
13845 NW 6th Avenue	$550,000	2	$275,000	$52,200 gross	—	$6,478	—	39 days
12501 NE 5th Avenue	$1,200,000	3	$400,000	$5,700 gross	—	$9,325	—	81 days
1570 NE 130th Street	$944,000	4	$236,000	$4,575 gross	—	$10,202	—	104 days
1053 NE 128th Street	$800,000	2	$400,000	$3,500 gross	—	$4,728	—	109 days
740 NW 135 Street (reduced from $719,250)	$709,000	3	$236,333	$5,200 gross	—	$6,720	—	112 days
MLS A11843970 (reduced from $549,900)	$519,900	2	$259,950	$1,900 gross	—	$7,208	—	466 days

Get North Miami 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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