7435 Byron Ave, Miami Beach FL 33141 | Miami-Dade County | A11891783
- $3,250,000
- Duplex
- 7865 Sq Ft
7435 Byron Ave, Miami Beach FL 33141 | Miami-Dade County | A11891783
- $3,250,000
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.
Property Overview
Located in the Harding Townsite, this duplex is a fully renovated multi-family building on Byron Avenue. Built in 1950, the property includes 10 two-bedroom, one-bathroom apartments and five private backyards. Recent updates include new electrical and plumbing, air conditioning systems, hurricane shutters, landscaping, and a roof installed in July 2025. The listing is priced at $3,250,000. In-place rents range from $2,100 to $2,200 per month, with the potential to increase to $2,400 to $2,500. The property has a net operating income of $186,789 and a cap rate of 5.62%. An offering memorandum is available upon request.
Frequently Asked Questions
What type of property is this and how many units does it have?
This is a duplex located at 7435 Byron Ave, Miami Beach, that includes 10 two-bedroom, one-bathroom apartments. There are 5 private backyards associated with the property.
What are the physical details of the building?
The property is a 7865-square-foot duplex built in 1950. The structure is made of concrete block and steel (CBS). The roof was replaced in July 2025.
What updates and renovations have been completed?
The property has interior upgrades, new electrical and plumbing systems, new air conditioning units, hurricane shutters, refreshed landscaping, and a new roof.
What is the asking price and what financial data is available?
The asking price is $3,250,000. The property shows a Net Operating Income (NOI) of $186,789 with a current Cap Rate of 5.62%. A pro forma Cap Rate of 6.13% and a pro forma NOI of $203,889 are also available.
What are the in-place rents and what is the location like?
The current in-place rents are approximately $2,100 to $2,200 per month. The property is located in a prime North Beach location, approximately three blocks from the ocean, and is near Collins and Harding Avenues.
Where can I find more detailed information about the property?
An Offering Memorandum is available upon request. For more details, please call 305-859-4733.
Have a question about this Miami Beach listing?
Talk directly with Christopher Lazaro, your Miami Beach real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: Byron Ave
-
City: Miami Beach
-
State/county: Miami-Dade County
-
Zip/Postal Code: 33141
-
Area: HARDING TOWNSITE
Details
Updated on August 4, 2026 at 12:40 am-
Property ID A11891783
-
Price $3,250,000
-
Property Size 7865 Sq Ft
-
Year Built 1950
-
Type Duplex
-
Property Status Active, Residential Income
Additional details
-
Flooring Vinyl
-
Cooling Central Air, Wall/Window Unit(s)
-
Association Type None
-
Building HARDING TOWNSITE
-
Area Harding Townsite
-
Annual Tax 32321
-
Association No
-
Private Pool No
-
Listing Terms All Cash, Conventional
-
Waterfront No
-
Subdivision HARDING TOWNSITE
-
Total Stories 2
-
Heating Central
-
Structure Type Duplex
-
Tax Year 2024
-
Construction CBS Construction
-
Building Area 7865
-
Year Built Details Resale
-
Flood Zone AE
-
New Construction No
-
Style Duplex
-
Lot Size (Sq Ft) 0
Mortgage Calculator
Monthly
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees
