Home » Properties » 7435 Byron Ave, Miami Beach FL 33141

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7435 Byron Ave Miami Beach: Prime 10-Unit Multifamily Sale

Fully renovated 10-unit multifamily property in North Beach, Miami Beach. Includes 2BR/1BA units, new roof, A/C, plumbing, and hurricane shutters.

$3,250,000

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MLS #A11891843

Listing Updated: 2026-07-22 12:29:25

Listed By: Beachfront Realty Inc

Overview

Located in the heart of Miami Beach, this fully renovated 10-unit multifamily property offers a solid investment opportunity. Built in 1950 with CBS construction, the building features ten 2-bedroom, 1-bath apartments, each with private backyards. Recent upgrades include new electrical and plumbing systems, air conditioning units, hurricane shutters, refreshed landscaping, and a new roof scheduled for July 2025. Situated just three blocks from the ocean near Collins and Harding avenues, the property benefits from a prime North Beach location. Current rents range from $2,100 to $2,200 per month, with potential to increase to $2,400–$2,500 upon renewal. The property generates a net operating income of $186,789 with a cap rate of 5.62%, and a pro forma cap rate of 6.13%. This turnkey multifamily asset offers clear value-add potential in a highly desirable neighborhood.

Property Highlights

10 fully renovated 2BR/1BA units, private backyards, new roof (2025), upgraded electrical & plumbing, hurricane shutters, prime North Beach location, close to ocean, NOI $186,789, cap rate 5.62%.

Property Details

City: Miami Beach

State: FL

Zip Code: 33141

Address: 7435 Byron Ave, Miami Beach FL 33141

Year Built: 1950

Property Type: Commercial Sale

Property Sub Type: Income/MultiFamily

Listing Office Name: Beachfront Realty Inc

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $32,321

Days On Market: 242 Days

Original Listing Description

PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889. Offering Memorandum available upon request.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

7435 Byron Ave, Miami Beach FL 33141

About This Neighborhood

Located in North Beach, Miami Beach, this property benefits from proximity to the ocean and major thoroughfares like Collins and Harding avenues. The neighborhood offers a mix of residential and commercial amenities, with easy access to beaches, dining, and shopping. Its coastal setting and well-established community contribute to a desirable living environment that attracts long-term tenants and visitors alike.

Walkability & Lifestyle

Residents enjoy a walkable environment with nearby restaurants, shops, and beach access just a few blocks away. The neighborhood’s pedestrian-friendly streets and proximity to waterfront areas enhance daily convenience and lifestyle options for tenants and owners alike.

Things To Do Nearby

North Beach provides diverse recreational opportunities including beach activities, waterfront parks, dining venues, and cultural attractions. Residents can enjoy boating, golfing, nightlife, and outdoor events, making it a vibrant community with plenty of lifestyle amenities.

Nearby Schools

Miami Beach offers access to a variety of educational institutions, including public and private schools within reasonable distance. Families residing in North Beach can benefit from convenient school options and community resources that support student development and family needs.

Why Buyers Like This Area

Buyers appreciate this property for its prime location, recent renovations, and strong rental profile. The combination of private backyards, proximity to the ocean, and solid construction appeals to tenants and investors seeking a reliable multifamily asset in Miami Beach.

Investment Potential

This 10-unit multifamily property in Miami Beach presents a stable income opportunity with potential for rent growth. Its recent renovations and prime location near the ocean enhance tenant appeal and marketability. The property’s cap rate and net operating income indicate solid operational performance, while ongoing neighborhood momentum supports future value. Investors seeking a turnkey asset with clear upside in a sought-after area will find this offering compelling.

Market Trends

Miami Beach’s multifamily market remains active, driven by consistent demand for rental housing near the coast. Inventory in prime locations like North Beach is limited, supporting steady rental rates and occupancy levels. Buyers show interest in properties with recent upgrades and strong cash flow, reflecting confidence in the area’s long-term appeal and economic stability.

Rental Income Potential

The property currently commands rents between $2,100 and $2,200 per month, with potential increases to $2,400–$2,500 as leases renew. Its location near the ocean and updated amenities make it attractive for tenants seeking quality rental housing. Seasonal demand and neighborhood desirability contribute to consistent occupancy and tenant interest.