$1,550,000

625 77th St Miami Beach, FL 33141

North Shore Neighborhood

Estimated payment $9,622/month

-- Bed
-- Bath
4,162 Sq Ft
$372 Price per Sq Ft

Highlights

  • Property has ocean access
  • No HOA
  • Porch
  • Waterfront
  • Balcony
  • High Impact Windows

About This Home

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

Listing Agent

Sergio Evora

London Foster Realty License #3108028 Listed on: 01/21/2026

London Foster Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,872

Year Built

  • Built in 1950

Lot Details

  • Waterfront
  • Fenced

Home Design

  • Quadruplex
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,162 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Ceramic Tile Flooring

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • Property has ocean access
  • Balcony
  • Exterior Lighting
  • Porch

Utilities

  • Cooling Available
  • Heat Strip

Listing and Financial Details

  • Assessor Parcel Number 02-32-02-007-2150

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Altos Del Mar No 3 Condos
  • Altos Del Mar No 3,Alexis Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,872

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1950
  • Property Sub Type: Quadruplex
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: ALTOS DEL MAR NO 3,Alexis
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • CurrentPrice: 1550000
  • InternetRemarks: Few blocks from Collins Avenue and the BEACH! This two-story, 4,162 SF multifamily building sits on a 5,500 SF lot and offers immediate income!
  • ShowingTimeFlag: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Living Area: 4162
  • Stories: 2
  • Window Features: Clear Impact Glass, Blinds, High Impact Windows, Impact Glass

Exterior Features

  • Roof: Concrete
  • Exterior Features: Balcony, Exterior Lights
  • Construction Type: Concrete Block Construction, CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • Property Condition: Completely Renovated
  • View: No
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: ALTOS DEL MAR NO 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Heat Strip
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-02-007-2150
  • Zoning: 3900

Rental Info

  • Rent Includes: Pest Control, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 18872

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2026 01/21/26 For Sale $1,550,000 -- $372 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11950199

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami Beach 33141 North Shore

625 77th St, Miami Beach, FL

For Sale

MultiFamily

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Nearby Homes
Sergio Evora
Listing Agent
Sergio Evora
Section Image
London Foster Realty
(305) 776-6011