632 15th St, Miami Beach, FL 33139 — MLS photo

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632 15th St, Miami Beach, FL 33139

Active · Quadruplex

$2,650,000

632 15th St, Miami Beach, FL 33139

Beds
—
Baths
0
Living area
5,939 sq ft
$ / sq ft
$446/sq ft
Year built
1930
Lot size
—
HOA fee
—
Annual tax
—

About this property

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 higher rents. Call today for more information.

Property location

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632 15th St, Miami Beach, FL 33139

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Facts & features

Interior

Bathrooms
0
Living area
5,939 sq ft

Exterior & Structure

Property type
Quadruplex
Year built
1930

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A11940926
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$2,124

Cap rate
4.7%
Net yield
4.7%
Cash-on-cash return
-3.4%
Gross yield
8.1%
Mortgage payment
$12,562/mo
Down payment
$662,500
Loan amount
$1,987,500
Annual NOI
$125,262

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.