1 NE 78th Street, Miami, FL 33138

• 6,395 sqft

Property Description

13-unit multifamily asset strategicallylocated in the heart of Little River, one ofMiami’s fastest-evolving urbanneighborhoods. Positioned on a prominentcorner lot with frontage along NE 78thStreet, the property benefits from strongvisibility, walkability, and quick connectivityto the Design District, Wynwood, andDowntown Miami, as well as major transitcorridors. Built in 1971, the two-story buildingtotals approximately 7,496 SF of living areaon a 13,063 SF lot and is currently operatingwith 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 modestupside through rent growth and operationalefficiencies. A key value driver is the T6-8-Ozoning, which supports high-density mixed-use redevelopment of up to eight stories,positioning the asset for futureredevelopment, assemblage, or land-banking as Little River continues itstransformation.

Listing Status:

Active

Date Added:

April 15, 2026

Data Last Updated:

July 27, 2026 at 1:20AM

Listing Office:

Fausto Commercial Realty Consultants Inc : 786-748-7373

Listing Agent:

Vicente Javier Rodriguez : 305-510-6627

MLS ID:

A12011267

Location

• Originating MLS: BEACH_MIAMI
• County: Miami-Dade

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 25392-35540131120140150

Financial

• Source: BEACH_MIAMI