Multifamily in Miami Beach, FL 33141Altos Del Mar, 625 77th St
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Pending
$1,550,000
4,162
SqFtStatus
Pending
Size
4,162 SqFt (387 m2)
Price
$372/SqFt ($4,009/m2)
Type
Multifamily
Built
1950
MLS Number
A11950199
On Site
236 Days
Updated
19 Days ago
Page Views
0
TOTALLY UPDATED INCOME GENERATING BUILDING! Walk to the BEACH! This two-story, 4,162 SF multifamily building sits on a 5,500 SF lot and offers immediate income! The property features 4 spacious units, each a 2-bedroom / 2-bathroom residence, all currently leased on 12-month agreements. Current annual income:$112,800 Projected annual income: $124,000 NOI: $71,447 Cap Rate: 4.61% Fully updated in 2019, including completion of the 40-year certification. New roof installed with permits in January 2026, offering long-term peace of mind. Unit features: Hurricane-impact windows and doors, recent interior paint, porcelain flooring, in-unit washer/dryer combos, stainless-steel appliances, open-concept kitchens, and a well-maintained garden with secured fencing. Situated in a high-demand rental area near the upcoming Town Center Redevelopment, surrounded by new luxury high-rises—a strong catalyst for future appreciation and tenant demand.Walk to the beach, restaurants, public transit, schools. and close to the Normandy Shores Golf Course. PLEASE DO NOT BOTHER THE TENANTS
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: Balcony, Fence, SecurityHighImpactDoors, Lighting, Porch
Interior, Heating and Cooling
- Heating Description: HeatStrip
- Cooling Description: Electric
Building and Construction
- Floor Description: CeramicTile
- Windows/Treatment: Blinds,ImpactGlass
- Year Built: 1950
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2026-01-21T17:18:34.000-00:00
Taxes, Fees & More
- Taxes: 18872
Apples-to-Apples Comparables
Price History
Current
$1.6M
High
$1.6M
Low
$1.6M
Total Change
0%Date
Event
Price
Change
Price Per
06/08/2026
Sold
$1.6M
0%$372 ft2
$4,009 m2
01/21/2026
Listed
$1.6M
 $372 ft2
$4,009 m2
06/08/2026
$1.6M
Event
Sold
Change
0%Price Per
$372 ft2
$4,009 m2
01/21/2026
$1.6M
Event
Listed
Price Per
$372 ft2
$4,009 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Sergio Evora • London Foster Realty • Buyer Agency Compensation .
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Scores
86
100
50
100
76
100
67
100
0
100
40
100
1
100
Community Snapshot
1 – 6 BR
Bedrooms
$235K – $40M
Price Tier
635 - 19,155
SqFt Range
1948
Year Build
2
Total Floors
268
Total Units
Subdivision Amenities
Laundry
Maintenance
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