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Calle Ocho Multi-Family 1788 SW 7th St 5 Unit Apartment Building $2,040,480 CAD ($408,096 CAD/Unit) 5.56% Cap Rate Miami, FL 33135
Investment Highlights
- 5 spacious 2-bed / 1-bath units averaging 868 square feet Including Private Patios in Select Units with Strong in-place income and long-term upside
- Strategically located along the SW 7th Street corridor in Little Havana, the property benefits from exposure to over 18,000 PVD.
- Due to its proximity to Miami’s Brickell and Downtown submarkets, Little Havana has yet to realize its full growth potential.
- Situated on a 10,500 SF lot, the property features 2 structures built in 1960 & 1940. The most recent building recertification was completed 2010.
- Property is walkable to restaurants, galleries, and nightlife, while offering immediate access to major bus routes and public transportation.
- The area boasts a population density of more than 330,000 residents within a one-mile radius.
Executive Summary
Marcus & Millichap is pleased to present 1788 SW 7th Street, Miami, FL. This five (5)-unit apartment building is comprised of all two-bedroom / one-bath units averaging approximately 861 square feet, each featuring private patio or balcony space.
The property is 100% occupied and features on-site parking. It is located directly behind Calle Ocho and adjacent to a retail plaza currently undergoing a full renovation with incoming national tenants, including Chipotle and Wingstop.
The property is situated along one of the most desirable and active blocks of Calle Ocho, within a five-minute walk of established neighborhood anchors including Lung Yai, Sanguich, Starbucks, and Ball & Chain, reinforcing the asset’s walkability and tenant appeal.
Little Havana continues to experience strong rental demand due to its central location, walkability, and proximity to major employment centers, supporting long-term occupancy and rental growth.
The property is 100% occupied and features on-site parking. It is located directly behind Calle Ocho and adjacent to a retail plaza currently undergoing a full renovation with incoming national tenants, including Chipotle and Wingstop.
The property is situated along one of the most desirable and active blocks of Calle Ocho, within a five-minute walk of established neighborhood anchors including Lung Yai, Sanguich, Starbucks, and Ball & Chain, reinforcing the asset’s walkability and tenant appeal.
Little Havana continues to experience strong rental demand due to its central location, walkability, and proximity to major employment centers, supporting long-term occupancy and rental growth.
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Property Facts
| Price | $2,040,480 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $408,096 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.56% | Building Size | 4,340 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Zoning | T4-L | ||
| Price | $2,040,480 CAD |
| Price Per Unit | $408,096 CAD |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,340 SF |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | T4-L |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Security System
- Kitchen
- Refrigerator
- Oven
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 840 - 910 |
Walk Score®
Walker's Paradise (95)
Property Taxes
| Parcel Number | 01-4103-026-0400 | Improvements Assessment | $367,136 CAD |
| Land Assessment | $1,079,033 CAD | Total Assessment | $1,446,168 CAD |
Property Taxes
Parcel Number
01-4103-026-0400
Land Assessment
$1,079,033 CAD
Improvements Assessment
$367,136 CAD
Total Assessment
$1,446,168 CAD
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Calle Ocho Multi-Family | 1788 SW 7th St
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