7435 Byron Ave, Miami Beach FL 33141

For Sale · Active Listing

$3,250,000

7.14%

Est. Payment $17,298/mo

MLS Sheet Video

1950

Year Built

Stories

242

Days on Market

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.

Facts

MLS#: A11891843
Subdivision: —
Property Type: Commercial Sale
Property Sub Type: Income/MultiFamily
Year Built: 1950
Lot Size: 7,500 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: 2
Garage: —
Pool: —
Days on Market: 242 days
Listed: Oct 7, 2025
Last Updated: May 22, 2026
Price/Lot Sq.Ft.: $433/ft²

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Market insights for Miami Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

July 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

3/23/2026	Price change	$3,250,000-7.1%
10/7/2025	Listed for sale	$3,500,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

7435 Byron Ave, Miami Beach FL 33141Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Coconut Grove Montessori School - Main Campus
PK,KG,1,2,3,4,5 · private · 0.1 mi
Carrollton School of the Sacred Heart
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.1 mi
Vanguard School Of Coconut Grove Fl
UG · private · 0.1 mi
McA Academy
2,3,4,5,6,7,8,9,10,11,12 · private · 0.3 mi
Coconut Grove Elementary School
PK,KG,1,2,3,4,5 · public · 0.5 mi
St. Stephen's Episcopal Day School
PK,KG,1,2,3,4,5 · private · 0.5 mi
Coconut Grove Montessori School
PK,KG · private · 0.5 mi
Coconut Grove Montessori School
KG,1 · private · 0.5 mi
La Piazza Academy
PK,KG,1,2,3,4,5 · private · 0.6 mi
Mater Grove Academy
KG,1,2,3,4,5,6,7,8 · charter · 0.7 mi

Estimated Monthly Payment

$20,156/mo

Principal & Interest

$17,298

Property Tax

$2,708

Insurance

$150

HOA

Down Payment20% ($650,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 604-3276 info@rangelyadames.com

Hablo Español

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