1 NE 78th St Miami FL 33138 MLS #A12011267
1 NE 78th St
Miami, FL, 33138
$2,600,000
Beds
0 Baths
0 SqFt
0 Acres
$2,600,000
1 NE 78th St
Miami, FL, 33138
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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.

Property Details

Price:
$2,600,000
MLS #:
A12011267
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
Listed Date:
May 1, 2026
Total Sq Ft:
6,395
Year Built:
1971
Commercial/residential Income,residential-multi-family

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Current real estate data for Commercial in Miami as of May 07, 2026
953
Commercial Listed
203
Avg DOM
$1,476,677
Avg List Price

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Property Summary

    1 NE 78th St Miami FL is a Commercial for sale in Miami, FL, 33138. It is listed for $2,600,000
1 NE 78th St
Miami, FL