Property Attributes
- MLS#A11923537
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityMiami Beach
- Area32
- NeighborhoodBISCAYNE BCH SUB
- Zip33141
- Style
- Year Built1947
- Taxes$ 17758
- Price$ 1,400,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4458
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
A well-maintained four-unit multifamily property in Miami Beachâs North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beachâs fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment. Zoned RM-1 (3900 â Multifamily, 38â62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized. Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.
| Price History | |
|---|---|
| 12/2/2025 | Listed $1,500,000 |
| 7/16/2026 | 7$1,400,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central |
| Cooling | CentralAir |
| Utilities | CableAvailable |
| Possession | CloseOfEscrow |
| Roof | Concrete |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1947 |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| County | Miami-Dade |
| Property Type | ResidentialIncome |
| Subdivision Name | BISCAYNE BCH SUB |
| Rent Includes | Sewer,TrashCollection |
| Status | Active |
| City | Miami Beach |
| Zoning Description | 3900 |
| MLS Area | 32 |
| Lot Size Units | SquareFeet |
| Listing Terms | Cash,Conventional,FHA |
| Year Built Details | Resale |
| Tax Annual Amount | 17758 |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11923537 |
| Standard Status | Active |
| Occupancy Type | CallAgent |
| Property Sub Type Additional | Quadruplex |
| PostalCity | Miami Beach |
| Legal Description | BISCAYNE BEACH SUB PB 44-67 LOT 24 BLK 4 LOT SIZE 50.000 X 113 OR 18246-4746 0898 1 COC 23471-3665 05 2005 1 |
Interior Features
| Flooring | Hardwood,Wood |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Lot Features | LessThanQuarterAcre |
|---|---|
| Building Area Total | 4458 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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Data Last Updated: September 20, 2026 12:46 PM UTC