47 NE 80th Terrace, Miami, FL 33138

$875,000

Property Type: Commercial Sale Square Footage: 1,873 Status: Pending

Current Price: $875,000 List Date: 6/26/2025 Last Modified: 7/11/2026

Overview

Description

A prime opportunity in a highly sought-after neighborhood! It's an income-producing multi-family investment with a cap rate of over 3%. Spread across an 8,300 square foot lot, this property is zoned T5-0, allowing for up to 12 units. Currently, all units are rented through Section 8, providing a steady income stream. The existing structure features 1 one bedroom and 4 studio apartments. Its central location offers easy access to the vibrant Design District, major expressways, and is conveniently situated near beautiful beaches and airports.

Listing Details MLS# A11828527

General Property Information

Property Sub Type: Multi Family
Occupant Type: Tenant
Building Area Main: 1873
Year Built: 1948
Parking Total: 3
Lot Size Area: 8300
Lot Size Acres: 0.19

Property Features

Construction Materials: CBS Listing Terms: Cash; Conventional Roof: Other Showing Requirements: 24 Hour Notice Contingencies: None

Contract Information

Comp Sale YN: No
Original List Price: 950000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 47
Street Direction Prefix: NE
Street Name: 80th
Street Suffix: Terrace
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33138
Postal Code +4: 4365
Area: 2310
Parcel Number: 0131120130090
Subdivision Number: 13
Zoning: 6101 T5-0
Flood Zone: X

Financial Information

Tax Annual Amount: 9027
Tax Legal Description: LITTLE RIVER GARDENS PL BLKS 18 TO 23 INC PB 6-153 E75FT LOTS 1 & 2 BLK 20 LOT SIZE 8300 SQUARE FEET OR 10148-1393 0878 1

Status Change Information

Major Change Timestamp: 2026-06-11T19:58:16Z
Major Change Type: Status Change
Price Change Timestamp: 2026-03-13T19:38:13Z
Status Change Date: 2026-06-11
Under Contract Date: 2026-06-11

More Information

Price Calculations

Current Price To SqFt: 467.16

Section Details

Parcel Number MLX: 0090

Originating Details

Originating System Key: 417124939
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Other: Yes

Showing Requirements

24 Hour Notice: Yes

Contingencies

None: Yes

Listing Office: Compass Florida, LLC

Last Updated: July - 11 - 2026

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47 NE 80th Terrace, Miami, FL 33138 (MLS# A11828527)