851 80th St 4 Unit Apartment Building $1,500,000 ($375,000/Unit) 5.39% Cap Rate Miami Beach, FL 33141

Fausto Commercial Realty is pleased to present 851 80th Street, a well-maintained four-unit multifamily property located in the highly desirable North Beach neighborhood of Miami Beach.
Situated on a 5,650 sq ft lot, this two-story building offers 4 spacious units, each featuring 2 bedrooms and 1 bathroom, totaling 4,458 sq ft of living area.
North Beach is one of Miami Beach’s fastest-improving submarkets, with strong rental demand driven by proximity to the beach, newly planned redevelopment around Town Center, and access to parks, schools, and transit. The property is zoned RM-1 (3900 – Multi-Family, 38–62 units per acre), offering flexibility and long-term upside.
Current in-place rents produce a stable annual income of $105,600, with a clear path to a proforma of $120,000 as units turn. Operating expenses remain efficient, allowing the property to generate a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a price of $1,500,000, the property offers investors a 4.43% cap rate in place and a 5.39% cap rate at stabilized rents.
This is an excellent opportunity to acquire a boutique multifamily asset in one of Miami Beach’s most consistently high-demand rental corridors.
The property sits on a quiet residential block between Crespi Blvd and Hawthorne Ave, offering walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit. The 5,650 sq ft lot provides both side and rear setbacks with mature landscaping that creates a pleasant and private living environment.
Public records confirm the building’s RM-1 zoning, allowing for continued multifamily use and potential future redevelopment options as the North Beach Town Center redevelopment continues to evolve. The property benefits from a stable tenant base and historically strong occupancy.