851 80th St, Miami Beach, FL 33141

• 4,458 sqft

Property Description

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.

Listing Status:

Active

Date Added:

November 17, 2025 at 06:00AM

Listing Office:

Fausto Commercial Realty Consultants Inc : 786-748-7373

Listing Agent:

Vicente Rodriguez : 305-510-6627

MLS ID:

A11923537

Interior

• General: Stairs
• Flooring: Wood
• A/C: Central Air
• Heating: Central

Exterior

• Style: Other

Construction

• Roofing: Concrete
• General: Concrete Block Construction2

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 3900BISCAYNE BEACH SUB PB 44-67 LOT 24 BLK 4 LOT SIZE 50.000 X 113 OR 18246-4746 0898 1 COC 23471-3665 05 2005 102-32-02-008-0701

Utilities

• Sewer: Public Sewer

Financial

• Source: Miami Association of REALTORS®

This listing courtesy of Vicente Rodriguez, Fausto Commercial Realty Consultants Inc