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295 NE 55th St 4 Unit Apartment Building $895,000 ($223,750/Unit) 5.50% Cap Rate Miami, FL 33137
Investment Highlights
- First Time Offered For Sale In Over 20 Years
- Exceptional Location With Immediate Proximity To Wynwood, The Miami Design District, And Downtown Miami
- Significant Rental Upside In A High-Demand Miami Submarket
Executive Summary
Marcus & Millichap is pleased to present Rosedale Apartments, a four-unit multifamily property located at 295 NE 55th Street in Miami, Florida. Built in 1925, the property totals 2,163 gross square feet and is situated on a 3,400-square-foot lot. The asset consists of a two-story building constructed of concrete block with a concrete roof. The property features a mix of window and wall-unit air conditioning systems and is located within one of Miami’s most rapidly evolving urban corridors. The surrounding area has experienced substantial investment driven by growth extending north from the Miami Design District, Wynwood, Midtown Miami, and Little River, supporting increasing demand for rental housing and continued neighborhood revitalization.
Notably, this represents the first time the property has been offered for sale in more than 20 years, presenting investors with a rare opportunity to acquire a long-held asset in a high-growth Miami submarket.
Rosedale Apartments benefits from convenient access to Biscayne Boulevard, Interstate 95, and Downtown Miami, while residents are minutes from major employment centers, retail destinations, and cultural amenities. The location places tenants near some of Miami’s strongest economic drivers, including luxury retail, hospitality, healthcare, and technology-related employment hubs.
Rosedale Apartments offers the opportunity to acquire a boutique multifamily property with durable construction, irreplaceable location characteristics, and long-term upside potential in one of South Florida’s most supply-constrained rental markets.
Notably, this represents the first time the property has been offered for sale in more than 20 years, presenting investors with a rare opportunity to acquire a long-held asset in a high-growth Miami submarket.
Rosedale Apartments benefits from convenient access to Biscayne Boulevard, Interstate 95, and Downtown Miami, while residents are minutes from major employment centers, retail destinations, and cultural amenities. The location places tenants near some of Miami’s strongest economic drivers, including luxury retail, hospitality, healthcare, and technology-related employment hubs.
Rosedale Apartments offers the opportunity to acquire a boutique multifamily property with durable construction, irreplaceable location characteristics, and long-term upside potential in one of South Florida’s most supply-constrained rental markets.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $895,000 | Building Class | C |
| Price Per Unit | $223,750 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 2,163 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.98 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1925 |
| Property Type | Multifamily | Parking Ratio | 1.29/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $895,000 |
| Price Per Unit | $223,750 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 11.98 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,163 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 1.29/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 429 |
| 2+1 | 3 | - | 525 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01-3218-027-0090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $339,034 |
Property Taxes
Parcel Number
01-3218-027-0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$339,034
Contacts
-
Cory Sanchez -
Daniel Cunningham -
Evan Richardson -
River Rhoads -
Dillon Majeski -
Marcus & Millichap
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