1 NE 78th Street
Miami, FL, 33138
$2,600,000
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.
Current real estate data for Commercial in Miami as of Nov 04, 2026
453
Commercial Listed
206
Avg DOM
$3,559,658
Avg List Price
Listing Provided Courtesy of Fausto Commercial Realty Consultants Inc at 786-748-7373
Property Details
Price:
$2,600,000
MLS #:
A12011267
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Multi Family
Subdivision:
Miami
Neighborhood:
2310
Listed Date:
Apr 15, 2026
Total Sq Ft:
6,395
Lot Size:
569,024,280 sqft / 0.30 acres (approx)
Year Built:
1971
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Community
- Address1 NE 78th Street Miami FL
- CityMiami
- CountyMiami-Dade
- Zip Code33138
Property Summary
- 1 NE 78th Street Miami FL is a Commercial for sale in Miami, FL, 33138. It is listed for $2,600,000 To schedule a showing of MLS#a12011267 at 1 NE 78th Street in Miami, FL, contact your Trust House Realty agent at 9543362003.
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