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  • MLS® #: A12003967
  • 420 78th St
  • Miami Beach, FL 33141-2091
  • $4,600,000
  • Business

420 78th St is a 23-unit multifamily property located in the heart of North Beach, just steps from the ocean. The asset consists of 22 studio units and one 1-bedroom/1-bath unit within a 7,821 SF, three-story building, currently generating approximately $408,000 in gross income. The property is fully occupied, offering strong in-place cash flow with additional upside through future rent growth, making it an attractive investment opportunity in a high-demand rental market. Positioned in a prime beachside location, the property benefits from consistent tenant demand and is just minutes from major employment hubs, retail, and dining, as well as Downtown Miami. The offering also includes a highly attractive assumable loan through CBRE with an approximate $1.7M balance at a 3.18% interest rate, providing a significant financing advantage for a new owner.

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Essential Information

  • MLS® #A12003967
  • Price$4,600,000
  • CAD Dollar$6,525,592
  • UK Pound£3,481,450
  • Euro€4,015,225
  • Bathrooms0.00
  • Year Built1940
  • TypeBusiness
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • Address420 78th St
  • Area32
  • CityMiami Beach
  • CountyMiami-Dade
  • StateFL
  • Zip Code33141-2091

Interior

  • # of Stories3
  • Office: Fausto Commercial Realty Consultants Inc
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420 78th St on www.jupiteroceanfronthomes.us

Offered at the current list price of $4,600,000, this home for sale at 420 78th St features bedrooms and 0 bathrooms. This real estate listing is located in of Miami Beach, FL 33141-2091 . 420 78th St is listed under the MLS ID of A12003967 and has been on the Miami Beach real estate market for 57 days.

Facts About Miami Beach, FL

Over the past 20 years, no American beach has generated as much buzz as the one that hugs Ocean Drive in Miami Beach. Fringed with palms, backed by Art Deco architecture and pulsating with urban energy, South Beach is the place to stretch out.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of June 22nd, 2026 at 1:28pm CDT (date/time).

All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 MLS of RAMB.

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