MIAMI BEACH · Residential Income
851 80th St, Miami Beach FL 33141
$1,400,000
01 — THE RESIDENCE
The details make
the difference.
A considered introduction to this property, using the information provided with its MLS listing.
A well-maintained four-unit multifamily property in Miami Beach’s North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beach’s fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment. Zoned RM-1 (3900 – Multifamily, 38–62 units/acre), it provides flexibility and future redevelopment potential.
Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1. 5M price, returns equate to a 4. 43% cap rate in place and 5. 39% stabilized. Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.
02 — THE PERSPECTIVE
Every angle tells
another story.
Explore the original listing photography for a more complete impression of the residence, its architecture and surrounding setting.
DISCOVER THE GALLERY03 — PROPERTY PROFILE
Residence at a glance.
04 — DISCOVER MORE
Beyond the first impression.
05 — LOCATION
Find your place
in Miami Beach.
851 80th St, Miami Beach FL 33141
The map uses coordinates supplied with the MLS record. Pin positions may be approximate; verify exact access and location with your advisor.
THE WOLSEN EXPERIENCE
Every extraordinary address
begins with a conversation.
Discover more about this property through a personal, considered conversation.