1 NE 78th St, Miami, FL 33138

• 6,395 sqft

Property Description

13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. Offered at $2,600,000, the property generates an in- place NOI of approximately $191,000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.

Listing Status:

Active

Date Added:

April 15, 2026

Data Last Updated:

June 20, 2026 at 2:06AM

Listing Office:

Fausto Commercial Realty Consultants Inc : 786-748-7373

Listing Agent:

Vicente Rodriguez : 786-862-8247

MLS ID:

A12011267

Location

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

Lot

• Zoning: 6100LITTLE RIVER GDNS PB 7-26 LOT 5 LESS W10.96FT FOR R/W & ALL LOT 6 BLK 26 LOT SIZE 13063 SQ FT OR 20501-1331/20672-4581 0502 6 COC 25392-355401-31-12-014-0150

Financial

• Source: Miami Association of REALTORS®