1 NE 78th Street, Miami, FL 33138

$2,600,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12011267

Property Type: Commercial Sale Square Footage: 6,395 Status: Active

Current Price: $2,600,000 List Date: 4/15/2026 Last Modified: 10/31/2026

Overview

Description

13-unit multifamily asset strategicallylocated in the heart of Little River, one ofMiami’s fastest-evolving urbanneighborhoods. Positioned on a prominentcorner lot with frontage along NE 78thStreet, the property benefits from strongvisibility, walkability, and quick connectivityto the Design District, Wynwood, andDowntown Miami, as well as major transitcorridors. Built in 1971, the two-story buildingtotals approximately 7,496 SF of living areaon a 13,063 SF lot and is currently operatingwith 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 modestupside through rent growth and operationalefficiencies. A key value driver is the T6-8-Ozoning, which supports high-density mixed-use redevelopment of up to eight stories,positioning the asset for futureredevelopment, assemblage, or land-banking as Little River continues itstransformation.

Listing Details MLS# A12011267

General Property Information

Property Sub Type: Multi Family
Occupant Type: Call Listing Agent
Building Area Main: 6395
Year Built: 1971
Lot Size Area: 13063
Lot Size Acres: 0.3

Contract Information

Comp Sale YN: No
Original List Price: 2600000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: Yes
Street Direction Prefix: NE
Street Name: 78th
Street Suffix: Street
City Name: Miami
State Or Province: FL
Postal Code: 33138
Postal Code +4: 4339
Area: 2310
Parcel Number: 0131120140150
Subdivision Number: 14
Zoning: 6100
Flood Zone: X

Financial Information

Tax Legal Description: LITTLE RIVER GDNS PB 7-26 LOT 5 LESS W10.96FT FOR R/W & ALL LOT 6 BLK 26 LOT SIZE 13063 SQ FT OR 20501-1331/20672-4581 0502 6 COC 25392-3554

Status Change Information

Major Change Timestamp: 2026-04-15T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-05-01

Price Calculations

Current Price To SqFt: 406.56

More Information

Section Details

Parcel Number MLX: 0150

Originating Details

Originating System Key: 460904264
Originating System ID: M00000151

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: October - 31 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

1 NE 78th Street, Miami, FL 33138 (MLS# A12011267)