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7435 Byron Ave Miami Beach - 10-Unit Duplex Income Property

Prime North Beach 10-unit duplex fully renovated with 2BR/1BA apartments, new roof, A/C, and hurricane shutters. Close to ocean and local amenities.

$3,250,000

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MLS #A11891783

Listing Updated: 2026-07-22 12:26:10

Listed By: Beachfront Realty Inc

Overview

This 10-unit residential income duplex at 7435 Byron Ave in Miami Beach offers a rare opportunity in a prime North Beach location. Built in 1950 and fully renovated, the property features 10 two-bedroom, one-bath apartments with private backyards, modern electrical and plumbing systems, new air conditioning units, hurricane shutters, and a new roof completed in July 2025. Situated just three blocks from the ocean and near Collins and Harding avenues, it provides convenient access to Miami Beach’s vibrant lifestyle. Current rents range from $2,100 to $2,200 per month, with potential increases to $2,400–$2,500, supporting a strong net operating income and cap rate. This turnkey property is ideal for investors seeking stable cash flow and value-add opportunities in a sought-after neighborhood.

Property Highlights

10 fully renovated 2BR/1BA units; New roof (2025); Hurricane shutters; Near ocean; Private backyards; Updated electrical and plumbing; 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: Residential Income

Property Sub Type: Duplex

Listing Office Name: Beachfront Realty Inc

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features: Stairs

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 the heart of Miami Beach’s North Beach area, this property benefits from proximity to the ocean and vibrant local streets like Collins and Harding avenues. The neighborhood offers a mix of residential and commercial amenities, including dining, shopping, and recreational options. Its coastal location provides a relaxed lifestyle with easy beach access and community parks nearby. The area is known for its quiet residential streets combined with convenient urban conveniences, appealing to a diverse tenant base.

Walkability & Lifestyle

The property enjoys a walkable location with easy access to beaches, local shops, restaurants, and parks. Residents can enjoy leisurely strolls to nearby oceanfront areas or explore dining and entertainment options along Collins and Harding avenues. The neighborhood’s pedestrian-friendly streets support an active lifestyle and daily convenience, enhancing the living experience for tenants.

Things To Do Nearby

North Beach offers a variety of lifestyle activities including beach outings, boating, and waterfront dining. Nearby parks and recreational facilities provide outdoor options, while local shops and eateries create a vibrant community atmosphere. Cultural events and nightlife in Miami Beach are easily accessible, making this location appealing for residents seeking both relaxation and entertainment.

Nearby Schools

Miami Beach offers access to a variety of public and private schools serving families in the North Beach area. Educational institutions nearby provide convenient options for residents, contributing to the neighborhood’s appeal for long-term tenants and families. The area's schools are accessible via local transportation routes, making daily commutes manageable for students and parents alike.

Why Buyers Like This Area

Buyers appreciate this property for its prime location close to the ocean, fully renovated condition, and strong rental income potential. The combination of private outdoor spaces, modern infrastructure, and proximity to key Miami Beach amenities makes it attractive for investors and renters alike. Its turnkey status reduces immediate management needs, while the neighborhood’s ongoing momentum supports long-term appeal.

Investment Potential

This 10-unit duplex in Miami Beach offers a solid investment opportunity with stable cash flow and room for rent growth. The property’s recent renovations, including new electrical, plumbing, A/C units, and a new roof, reduce maintenance concerns and enhance tenant appeal. Located in a desirable North Beach neighborhood just blocks from the ocean, it attracts steady tenant interest year-round. The current rents have room to increase, supporting income growth potential. Investors looking for a turnkey multifamily property with value-add possibilities will find this asset compelling.

Market Trends

Miami Beach’s multifamily market remains attractive due to limited inventory and strong demand for rental housing near the coast. Properties in North Beach are especially sought after for their location and lifestyle benefits. Renovated buildings with modern amenities continue to perform well, and rental rates have shown steady increases. Investors favor properties that offer turnkey conditions and potential for rent growth, making this 10-unit duplex a competitive offering in the current market.

Rental Income Potential

The property currently commands rents between $2,100 and $2,200 per month for its two-bedroom units, with potential to increase rents to $2,400–$2,500. This rental range reflects strong tenant demand in the North Beach area, supported by the building’s recent upgrades and proximity to the ocean. The mix of private backyards and modern amenities enhances tenant satisfaction and retention. Seasonal demand and Miami Beach’s popularity as a rental market contribute to consistent occupancy levels.