5-unit multifamily investment in Miami’s Allapattah neighborhood offering in-place income, immediate lease-up upside and longer-term redevelopment optionality. Four 2BR/1BA units plus a legal detached 2BR/2BA, five separate electric meters and one vacant unit. Historical T-12: $108,822 gross income and $91,295 NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currently zoned T4-R. Adjacent 765 NW 35th St is T5-L, providing a relevant nearby zoning precedent for buyers evaluating future rezoning, mixed-use, workforce housing or Live Local strategies. Near Wynwood, Miami Health District, Downtown, SR-836, I-95 and MIA. Redevelopment potential subject to independent verification and City approvals.
Property Details
Price:
$1,350,000
MLS #:
A12077881
Status:
Active
Beds:
0
Baths:
0
Address:
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
EDEN PARK
Neighborhood:
edenpark
City:
Miami
Listed Date:
Aug 25, 2026
State:
FL
Finished Sq Ft:
3,575
Total Sq Ft:
3,575
ZIP:
33127
Year Built:
1937
Units:
5
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Other, Tile
Heating
Window/ Wall
Exterior
Architectural Style
Detached
Construction Materials
Other
Parking Spots
10
Roof
Other
Financial
Tax Year
2025
Taxes
$12,053
Map
Community
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