7435 Byron Ave, Miami Beach, FL, 33141
About This Home
PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889. Offering Memorandum available upon request.
Getting Around
Walker's Paradise
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Roof: Flat Tile
- Construction materials: CBS Construction
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Features
- Stairs
- Flooring: Vinyl
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air,Wall/Window Unit(s)
Interior Area
- Total structure area: 7,865
- Total interior livable area: 7,865 sqft
Property
Details
- Parcel number: 0232020030310
- Zoning: 3900
Features
- Stories: 2
Lot
- Features: Less Than 1/4 Acre Lot
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Cold Wave
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,433 | $197,196 |
| Home Insurance * | $2,564 | $30,768 |
| Property Taxes | $2,193 | $26,316 |
| Electricity | $791 | $9,498 |
| Total | $21,981 | $263,772 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Price change | $3,250,000 |
| 2026-02-16 | Price change | $3,325,000 |
| 2025-10-31 | Price change | $3,400,000 |
| 2025-10-07 | Listed for sale | $3,500,000 |
View on Zillow