1 NE 78th St, Miami, FL
Listing courtesy of Fausto Commercial Realty Consultants Inc (Vicente Rodriguez). Contact: [email protected].
About this property
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 facts
- Sqft
- 6,395
- Year Built
- 1971
- Location
- Miami, FL 33138
- County
- Miami-Dade County
- FEMA flood zone
- Zone X, minimal risk
- Ground elevation
- 5.4 ft
- Hurricane evacuation zone
- Zone D
- Distance to the coast
- 0.6 mi
Sources: FEMA National Flood Hazard Layer (panel 12086C0302L, effective 2009-09-11), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline. Checked 2026-10-02. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer.
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Interested in this property?
Contact Anthony Conners at Atlantic Commercial Advisors to schedule a showing or learn more.
Listing data courtesy of Miami REALTORS® / Southeast Florida MLS. This site is operated by Anthony Conners, Atlantic Commercial Advisors, KW Commercial. Atlantic Commercial Advisors is not the listing broker unless stated.
Listing data last updated Sep 9, 2026, 12:10 PM ET.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS.
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