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295 NE 55th St 4 Unit Apartment Building $1,262,684 CAD ($315,671 CAD/Unit) 5.50% Cap Rate Miami, FL 33137

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Investment Highlights

First Time Offered For Sale In Over 20 Years
Exceptional Location With Immediate Proximity To Wynwood, The Miami Design District, And Downtown Miami

Significant Rental Upside In A High-Demand Miami Submarket

Executive Summary

Marcus & Millichap is pleased to present Rosedale Apartments, a four-unit multifamily property located at 295 NE 55th Street in Miami, Florida. Built in 1925, the property totals 2,163 gross square feet and is situated on a 3,400-square-foot lot. The asset consists of a two-story building constructed of concrete block with a concrete roof. The property features a mix of window and wall-unit air conditioning systems and is located within one of Miami’s most rapidly evolving urban corridors. The surrounding area has experienced substantial investment driven by growth extending north from the Miami Design District, Wynwood, Midtown Miami, and Little River, supporting increasing demand for rental housing and continued neighborhood revitalization.
Notably, this represents the first time the property has been offered for sale in more than 20 years, presenting investors with a rare opportunity to acquire a long-held asset in a high-growth Miami submarket.
Rosedale Apartments benefits from convenient access to Biscayne Boulevard, Interstate 95, and Downtown Miami, while residents are minutes from major employment centers, retail destinations, and cultural amenities. The location places tenants near some of Miami’s strongest economic drivers, including luxury retail, hospitality, healthcare, and technology-related employment hubs.
Rosedale Apartments offers the opportunity to acquire a boutique multifamily property with durable construction, irreplaceable location characteristics, and long-term upside potential in one of South Florida’s most supply-constrained rental markets.

Offering Memorandum

Property Facts

Price	$1,262,684 CAD	Building Class	C
Price Per Unit	$315,671 CAD	Lot Size	0.08 AC
Sale Type	Investment	Building Size	2,163 SF
Cap Rate	5.50%	Average Occupancy	100%
Gross Rent Multiplier	11.98	No. Stories	2
No. Units	4	Year Built	1925
Property Type	Multifamily	Parking Ratio	1.29/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	R-3

Price	$1,262,684 CAD
Price Per Unit	$315,671 CAD
Sale Type	Investment
Cap Rate	5.50%
Gross Rent Multiplier	11.98
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.08 AC
Building Size	2,163 SF
Average Occupancy	100%
No. Stories	2
Year Built	1925
Parking Ratio	1.29/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3