Home
Income/MultiFamily
Type
1971
Built
Listing courtesy of
Fausto Commercial Realty Consultants Inc
Vicente Rodriguez
MLS® #A12011267
Listing information last updated July 9, 2026
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Overview
This income/multifamily in El Portal is listed for sale at $2,600,000. Built in 1971.
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.
Listing history
Listed for sale
Apr 15, 2026 · MIAMI MLS
$2,600,000
Days on market
as of today
97 days
Property details
MLS #A12011267
Price$2,600,000
Year built1971
TypeIncome/MultiFamily
StatusFor Sale
Location
1 NE 78th St, Miami FL 33138
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List your rental →Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 97 days on market.
We do not advertise a “free” buyer’s agent; buyer-representation compensation is disclosed in writing. Bitcoin pricing is indicative and updates with the market — not financial, tax, or legal advice. Buyer to independently verify all measurements, assessments, and flood & insurance facts.