1 NE 78th St, Miami FL 33138 | Miami-Dade County | A12011267
- $2,600,000
- Sq Ft
1 NE 78th St, Miami FL 33138 | Miami-Dade County | A12011267
- $2,600,000
Description
13-unit multifamily asset strategically
located in the heart of Little River, one of
Miami’s fastest-evolving urban
neighborhoods. Positioned on a prominent
corner lot with frontage along NE 78th
Street, the property benefits from strong
visibility, walkability, and quick connectivity
to the Design District, Wynwood, and
Downtown Miami, as well as major transit
corridors. Built in 1971, the two-story building
totals approximately 7,496 SF of living area
on a 13,063 SF lot and is currently operating
with stable in-place income. Offered at
$2,600,000, the property generates an in-
place NOI of approximately $191,000,
equating to a 7.35% cap rate, with modest
upside through rent growth and operational
efficiencies. A key value driver is the T6-8-O
zoning, which supports high-density mixed-
use redevelopment of up to eight stories,
positioning the asset for future
redevelopment, assemblage, or land-
banking as Little River continues its
transformation.
Address
Open on Google Maps-
Address: 78th St
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City: Miami
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Zip/Postal Code: 33138
Details
Updated on June 8, 2026 at 6:07 am-
Property ID A12011267
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Price $2,600,000
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Year Built 1971
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Property Status Active
Additional details
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StreetDirPrefix NE
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LivingAreaUnits Square Feet
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PhotosCount 30
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MIAMIRE_SubdivisionNumber 14
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ViewYN No
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MIAMIRE_NARRulesYN Yes
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ListingKeyNumeric 460904264
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AssociationYN No
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MlsStatus Active
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StreetNumber 1
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ListingKey 0faefa3deff8b4706b095274fb7efbcd
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MIAMIRE_AddressInternetDisplay 1 NE 78th St
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PoolPrivateYN No
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WaterfrontYN No
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InternetAddressDisplayYN Yes
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StreetNumberNumeric 1
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PostalCodePlus4 4339
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NumberOfUnitsInCommunity 13
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MIAMIRE_Area 30
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ListingAgreement Exclusive Right To Sell
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ListingId A12011267
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BuildingAreaUnits Square Feet
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InternetEntireListingDisplayYN Yes
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InternetAutomatedValuationDisplayYN No
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InternetConsumerCommentYN No
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BuildingAreaTotal 6395
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LotSizeUnits Square Feet
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ListingContractDate 2026-04-15
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Zoning 6100
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BusinessType Commercial/Residential Income, Residential-Multi-Family
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StateOrProvince FL
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IDXParticipationYN Yes
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HorseYN No
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LeasableAreaUnits Square Feet
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SyndicationRemarks 13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. Offered at $2,600,000, the property generates an in- place NOI of approximately $191,000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.
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MIAMIRE_FloodZone X
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NewConstructionYN No
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MIAMIRE_OkToAdvertiseList No
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UnparsedAddress 1 NE 78th St, Miami FL 33138
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MIAMIRE_Blogging No
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