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0 Baths
6,395 sqft

$2,600,000

1 NE 78th Street, Miami FL, 33138

Price per sqft$406.57
Built in1971
Property size6,395 sqft
Property typeCommercial

Overview

Active

Listed May 1, 2026

Updated 2 weeks ago

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.

Listed with Fausto Commercial Realty Consultants Inc

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Data last updated 12:18 PM UTC, 9/23/2026

 

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