851 80th St, Miami Beach, FL 33141

About This Home

A well-maintained four-unit multifamily property in Miami Beach’s North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beach’s fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment. Zoned RM-1 (3900 – Multifamily, 38–62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized. Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.

Property Details

Interior Features

Stairs

Flooring

Wood

Heating

Central

Cooling

Central Air

Architectural Style

Other

Property Condition

Substantially Remodeled

Building & Association

Building Name

BISCAYNE BCH SUB

Stories

2

Stories Total

2

Association

No

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Concrete

New Construction

No

Public Records

Parcel Number

02-32-02-008-0701

Tax Annual Amount

$17,758

Tax Year

2,025

Zoning

3900

County Or Parish

Miami-Dade County

Location