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Income/MultiFamily in Miami Beach

$4,600,000

Brickellsold Estimate* (fallback: list price)$4,600,000 (list price)
For Sale
bedrooms

n/a

bathrooms

n/a

Square Footage

n/a

Type of Property

Income/MultiFamily, Commercial Sale

Details

Overview

Sub Type
Income/MultiFamily
Built In
1940
Taxes
$62,313/yr

Description

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.

This income/multifamily home located at 420 78th St, Miami Beach FL 33141 is currently for sale and has been available on Brickellsold for 41 days. This property is listed at $5M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1940. 420 78th St, Miami Beach FL 33141 is in Miami Beach county Miami-Dade County.

Interior

Features
  • Flooring:
  • Common walls with other units/homes:
Heating
Cooling
Appliances
Total structure area
7,821

Property

Parking
  • Parking Features:
Parcel Number
02-32-02-007-0980
Features
  • Entry location:
  • Exterior Features:
  • View Description:

Construction

Property subtype
Income/MultiFamily, Commercial Sale
Materials
Condition
  • Year Built: 1940

Community & HOA

Community
  • Security Features:
HOA
  • Amenities:
Region
Miami Beach

Financial

Taxes
$62,313/yr
On Market Date
4/25/2026
Listing Terms
All Cash, Assumable, Conventional/Refinance

Metadata

Added
4/26/2026
Updated
6/6/2026
MLS#
A12003967
Days on Market
41
Listed By
Fausto Commercial Realty Consultants Inc
Originating MLS
A-Miami Association of REALTORS

Neighborhood Insights

School and crime data are from public sources and are informational only.

Nearby Schools

Within 5 miles

  • Biscayne Beach Elementary • 0.0 mi • K-12
  • Ruth K. Broad/Bay Harbor K-8 Center • 0.0 mi • K-12
  • Treasure Island Elementary • 0.0 mi • K-12
  • Miami Beach Nautilus Middle • 0.0 mi • K-12
  • North Beach Elementary • 0.0 mi • K-12
  • Academy for Advanced Academics - North • 0.0 mi • K-12

Nearby Hospitals

Within 3 miles

No nearby hospitals found.

Crime Overview

Crime data unavailable for this area.

Map

Price History

EventPriceDate
Original list price$4,900,000Apr 26, 2026
Current list price$4,600,000May 20, 2026

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Compare this income/multifamily with current Miami Beach, FL inventory, nearby properties, local market context, and practical Miami buyer guidance. Listing prices and availability are refreshed from the MLS.