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Miami Beach For Sale INCOME/MULTIFAMILY PRICE REDUCED

420 78th St, Miami Beach FL 33141

420 78th St, Miami Beach FL 33141

$4,600,000 ≈ ₿70.9866

MLS A12003967 · 88 days on market

Income/MultiFamily

Type

1940

Built

Listing courtesy of

Fausto Commercial Realty Consultants Inc

Elior Levi

MLS® #A12003967

Listing information last updated May 20, 2026

MiamiCityRealty.com is an agent's best friend. We proudly co-broke and partner with Fausto Commercial Realty Consultants Inc — and every agent and broker in Miami — to get the deal done.

Overview

This income/multifamily in Miami Beach is listed for sale at $4,600,000. Built in 1940.

420 78th St is a 23-unit multifamily property located in the heart of North Beach, just steps from the ocean. The asset consists of 22 studio units and one 1-bedroom/1-bath unit within a 7,821 SF, three-story building, currently generating approximately $408,000 in gross income. The property is fully occupied, offering strong in-place cash flow with additional upside through future rent growth, making it an attractive investment opportunity in a high-demand rental market. Positioned in a prime beachside location, the property benefits from consistent tenant demand and is just minutes from major employment hubs, retail, and dining, as well as Downtown Miami. The offering also includes a highly attractive assumable loan through CBRE with an approximate $1.7M balance at a 3.18% interest rate, providing a significant financing advantage for a new owner.

Listing history

Price reduced

↓ $300,000 from $4,900,000 · May 20, 2026 · MIAMI MLS

$4,600,000

Listed for sale

Apr 26, 2026 · MIAMI MLS

$4,900,000

Days on market

as of today

88 days

Building & financials

FROM MIAMI MLS

The carrying-cost and structural facts that close or kill a Miami deal — straight from the listing feed.

Annual property tax (2025)

$62,313

Dues, taxes, and association data per MIAMI MLS and public records; flood zone from FEMA NFHL. Verify with the HOA, county, and your insurer during due diligence.

Property details

MLS #A12003967
Price$4,600,000
Year built1940
TypeIncome/MultiFamily
StatusFor Sale

Location

420 78th St, Miami Beach FL 33141

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Est. monthly payment

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Principal & interest
Property tax (est.)
Down (20%)
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Questions, answered

When was this property built?

This Miami Beach income/multifamily was built in 1940.

What are the annual property taxes?

Annual property taxes for this Miami Beach income/multifamily are approximately $62,313, per the latest tax record.

How long has this property been on the market?

This Miami Beach income/multifamily has been on the market for 41 days.

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$4,600,000

420 78th St, Miami Beach FL 33141

Miami Beach

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Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 88 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.

$4,600,000

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