715 Harvey — Sale in Miami, FL

  • Price: $550K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Miami, FL 33136
  • Size: 2,158 SF
  • Year built: 1900

Investment Figures

Cap rate
8.20%
Price per square foot
$255
Price per unit
$110,000 across 5 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Beachside Living Meets Solid Investment Potential Welcome to 715 Harvey Avenue, Daytona Beach, FL 32118 — a well-maintained five-unit apartment property in the desirable Surfside area, just one building from Atlantic Avenue and steps from the beach, boardwalk, Main Street, restaurants, the Ocean Center, Bandshell, and Ocean Walk. The property includes three one-bedroom units and two studio apartments, all updated and well cared for, with tenants currently in place. Recent improvements include a 2023 roof and new A/C units, offering added comfort and peace of mind. The durable stucco exterior, corner fenced lot, and thoughtful upkeep make for easy, low-maintenance ownership. Whether you're looking for a coastal income property or a well-positioned asset in one of Daytona Beach's most walkable and vibrant areas, this property offers a rare blend of location, condition, and versatility. *Fully Rented/Stablized *New Roof *New window units Building SF: 2158 | Land Size: 0.1 Ac | Year Built: 1900 | Listing Type: FOR SALE

Market Context

This multifamily in Miami, FL is listed for sale at $550,000 across 2,158 SF. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1900. It has been on the market for 70 days. Compare it against other multifamily listings for sale in Miami, FL — view the full market.

As of Q4 2025, the Miami multifamily market showed a 6.4% vacancy rate, and cap rates around 6.3%. Source: multiple brokerage reports, Q4 2025.

Its 8.2% asking cap rate is above the Miami multifamily market average of about 6.3%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Miami?
About 6.3% as of Q4 2025, per multiple brokerage reports.
Is the Miami multifamily market tightening or softening?
Vacancy is around 6.4% (Q4 2025).

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