Listed By:
This listing is courtesy of Fausto Commercial Realty Consultants Inc
Address
851 80th St, Miami Beach, FL
Price
$ 1,400,000
Property Attributes
  • MLS#A11923537
  • TypeSingle Family
  • Listing Status Active
  • CountyMiami-Dade
  • CityMiami Beach
  • Area32
  • NeighborhoodBISCAYNE BCH SUB
  • Zip33141
  • Style
  • Year Built1947
  • Taxes$ 17758
  • Price$ 1,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4458
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description

A well-maintained four-unit multifamily property in Miami Beach’s North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beach’s fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment. Zoned RM-1 (3900 – Multifamily, 38–62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized. Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.

Price History
12/2/2025 Listed $1,500,000
7/16/2026 7$1,400,000

General Features

Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities CableAvailable
Possession CloseOfEscrow
Roof Concrete
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1947
Stories Count 2
Levels Two
Property Subtype Quadruplex
Tax Year 2025
County Miami-Dade
Property Type ResidentialIncome
Subdivision Name BISCAYNE BCH SUB
Rent Includes Sewer,TrashCollection
Status Active
City Miami Beach
Zoning Description 3900
MLS Area 32
Lot Size Units SquareFeet
Listing Terms Cash,Conventional,FHA
Year Built Details Resale
Tax Annual Amount 17758
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11923537
Standard Status Active
Occupancy Type CallAgent
Property Sub Type Additional Quadruplex
PostalCity Miami Beach
Legal Description BISCAYNE BEACH SUB PB 44-67 LOT 24 BLK 4 LOT SIZE 50.000 X 113 OR 18246-4746 0898 1 COC 23471-3665 05 2005 1

Interior Features

Flooring Hardwood,Wood
Air Conditioning Y/N true
Heating Y/N true

Exterior Features

Lot Features LessThanQuarterAcre
Building Area Total 4458
Waterfront Y/N false

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 33141

Price
AVG $3.04M
$1.4M
Taxes
AVG $34,740
$17,758
Year Built
AVG 1973
1947

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