851 80th Street, Miami Beach, FL 33141

Listing Snapshot

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.

General Features

Property Type

ResidentialIncome

Sub-type

Quadruplex

Stories

2

0

Zoning

3900

Utilities

CableAvailable

Subdivision

BISCAYNE BCH SUB

Interior Features

Flooring

Wood

Heating

Central,SeparateMeters

Cooling

CentralAir

Exterior Features

Construction

Block

Roof

Concrete

Pool

No

Waterfront

No

Community Features

MLS Area

2320

Map

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