1 NE 78th St, Miami FL 33138, Miami
$2,600,000
Miami, FL, 33138
Property details
- Year built
- 1971
- Type
- Income/MultiFamily
- Days on market
- 85
- MLS #
- A12011267
Listing courtesy of Fausto Commercial Realty Consultants Inc · 786-748-7373. Listing agent: Vicente Rodriguez. MLS data last updated 2026-07-09.
Description
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, Miami — for sale, listed for $2,600,000.
Run the numbers
Price-reduction climate
37% of 95 active listings for sale in 33138 are listed below their original asking price.
n=95 · 2026-07-30 · Methodology
Browse this price segment
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Priced like this listing
The 4 active listings closest in price within the same market segment:
Local market report
ZIP vs city price level
Active listings like this in ZIP 33138 show a median asking $479/sqft — 15.5% above the Miami median asking of $415/sqft.
n=20 · 2026-07-30 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-30 · Methodology
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