Multifamily in 1 NE 78th St Miami for sale with MLS# A12011267
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.
1 NE 78th St, Miami, FL 33138
- Price:
- $2,600,000.00
- Original List Price:
- $2,600,000.00
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multifamily
- MLS Number:
- A12011267
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- May 1, 2026 12:37 pm
- Built-Up Area:
- 6,395 Sqft
- Lot Area:
- 13,063 Sqft
- Lot Size Unit:
- Square Feet
- Waterfront:
- No
- Year Built:
- 1971
- Number of Units Total:
- 13
- Structure Type:
- Multifamily
- Tax Annual Amount:
- $0.00
- Covered Spaces:
- 0
- Senior Community:
- No
- Occupant Type:
- Call Agent
- 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
- Real Estate Folio Number (Parcel Number):
- 01-31-12-014-0150
- Zoning Description:
- 6100
- Originally published on:
- May 1, 2026 12:37 pm
- Active on the market since:
- April 15, 2026
- Price change occurred on:
- May 1, 2026 12:11 pm
- Listing Status Last Changed On:
- May 1, 2026 12:37 pm
- Photos updated on:
- May 1, 2026 4:57 pm
- Last Modified:
- May 2, 2026 1:01 am
- Flood Zone:
- X
- Subdivision Number:
- 14
- Courtesy of:
- Fausto Commercial Realty Consultants Inc
- Attribution:
- Not provided
- Street Name:
- 78th St
- Street Number:
- 1
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33138
- County:
- Miami-Dade
- Latitude:
- N25° 50' 47.9''
- Longitude:
- W81° 48' 12.1''
- Street Direction Prefix:
- NE
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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