632 15th St
Miami Beach, FL 33139
8
Bed
8
Bath
5,939Sqft
THE ELIZABETH - PRIME SOUTH BEACH MULTIFAMILY | HIGH-RENT ASSET IN A+ LOCATION. Rare opportunity to acquire a 8-unit multifamily in the heart of South Beach, just steps from Lincoln Road, Flamingo Park, Española Way, and the beach—one of Miami Beach’s strongest rental corridors. 8 updated 1-beds/1-baths, every unit features CENTRAL A/C and IN-UNIT WASHER & DRYER, a rare combination that directly supports above-market rents, low vacancy, and strong tenant demand. 100% Leased. Additional features include impact windows, gated access, and private outdoor space. Fully 40-year recertified and zoned RM-1, this asset offers immediate cash flow with long-term upside in a supply-constrained, lifestyle-driven submarket. Currently generating over $210,000+ in rent, opportunity to add value for even h
Property Details
Map
Map
Features
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Interior Features
Roof: OtherWindow Features: ImpactGlass -
Heating & Cooling
Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1930Building Area Total: 5939Construction Materials: BlockStories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Lot Description: LessThanQuarterAcreProperty Information
Subdivision: LINCOLN SUB Source Property Type: ResidentialIncome Postal Code Plus 4: 3512 Zoning Description: 3900 Property SubType: Quadruplex Levels: Two Property Age: 96
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Listing Price Information
Listing Price: $2650000Original Price: $3000000Cash, Conventional
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Tax Information
Parcel Number: 02-32-34-002-1890 Tax Year: 2025 Annual Tax: $32992 Tax Legal Desc: LINCOLN SUB PB 9-69 LOT 4 BLK 73 LOT SIZE 60.000 X 100 OR 17978-1222 0198 1 COC 25716-0601 06 2007 5
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Parking Information
Parking Total: 2
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Utility Information
CableAvailable -
Location Information
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 901 Pennsylvania Ave, Miami Beach, FL, 33139 | $3,450,000 | -- | -- | -- | |
| 1438 Meridian Ave, Miami Beach, FL, 33139 | $2,400,000 | 6 | 6 | 4,644 | 4,644 SqFt |
| 1561 Jefferson Avenue, Miami Beach, FL, 33139 | $4,500,000 | 5 | 4 | 10,334 | 10,334 SqFt |
| 1000 7th Street, Miami Beach, FL, 33139 | $4,500,000 | 3 | 2 | 7,868 | 7,868 SqFt |
| 1345 Pennsylvania Ave, Miami Beach, FL, 33139 | $4,700,000 | 1 | 2 | 8,219 | 8,219 SqFt |
| 711 Lenox Ave, Miami Beach, FL, 33139 | $2,850,000 | 8 | 8 | 2,558 | 2,558 SqFt |
| 734 Michigan Ave, Miami Beach, FL, 33139 | $2,940,000 | 4 | 5 | 2,809 | 2,809 SqFt |
| 1355 Drexel Ave, Miami Beach, FL, 33139 | $7,000,000 | -- | -- | 816 | 816 SqFt |
| 1508 Meridian Ave, Miami Beach, FL, 33139 | $1,200,000 | 4 | 4 | 1,776 | 1,776 SqFt |
| 1460 E West Ave, Miami Beach, FL, 33139 | $1,791,000 | 6 | 6 | 4,952 | 4,952 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/08/2026 @ 00:24
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