Quadruplex in 1355 Drexel Ave Miami Beach for sale with MLS# A11929268
Turnkey 18-unit short-term rental opportunity in the heart of Miami Beach-just steps from Ocean Drive, Collins Avenue, and Lincoln Road. This prime location offers unrivaled access to the area's top dining, entertainment, and beachfront attractions. With legal short-term rental zoning and a proven operational track record, the property stands out as a secure, scalable investment in a market where compliant STR assets are increasingly rare. Each unit features a full kitchen, in-unit or onsite laundry, Wi-Fi/cable, and modern interior finishes designed to meet the expectations of today's short-term traveler. The building has been consistently maintained and optimized for both remote and on-site management, supporting steady year-round occupancy and above-market ADRs. With strict regulations limiting new STR supply and tourism demand in Miami Beach continuing to grow, 1355 Drexel Ave presents investors with a resilient, high-yield cash-flow asset backed by strong underlying real estate fundamentals.
1355 Drexel Ave, Miami Beach, FL 33139
- Price:
- $7,250,000.00
- Original List Price:
- $7,250,000.00
- Rent Includes:
- Hot Water, Trash Collection, Water
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- MLS Number:
- A11929268
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- December 11, 2025 1:39 pm
- Living Area:
- 816 Sqft
- Built-Up Area:
- 816 Sqft
- Lot Size Unit:
- Square Feet
- Lot Features:
- < 1/4 Acre
- Waterfront:
- No
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Year Built:
- 2009
- Year Built Details:
- Resale
- Roof:
- Flat, Tile
- Architectural Style:
- Fourplex
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Concrete
- Stories:
- 2
- Tax Annual Amount:
- $111,703.00
- Tax Year:
- 2025
- Property Tax Status:
- Tax Reflects City & County Tax
- Parking Total Spaces:
- 2
- Covered Spaces:
- 0
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available
- Subdivision Name:
- SOBE VILLAGE CONDO
- Senior Community:
- No
- Documents Available:
- Financials
- Listing Terms Considered by Seller:
- Cash, Conventional, Other
- Occupant Type:
- Tenant
- Buyer Possession:
- Negotiable, Close Of Escrow
- Lease Considered:
- No
- Tax Legal Description:
- SOBE VILLAGE CONDO UNIT 4 BLDG 1355 UNDIV 7.96% INT IN COMMON ELEMENTS OFF REC 24443-2198
- Real Estate Folio Number (Parcel Number):
- 02-32-34-183-0120
- Zoning Description:
- 6400
- Originally published on:
- December 11, 2025 1:39 pm
- Active on the market since:
- December 11, 2025
- Price change occurred on:
- December 11, 2025 1:39 pm
- Listing Status Last Changed On:
- December 11, 2025 1:39 pm
- Photos updated on:
- December 11, 2025 7:09 pm
- Last Modified:
- December 15, 2025 9:26 pm
- Flood Zone:
- AE
- Type of Association:
- None
- Style:
- Fourplex
- Municipal Code:
- 2
- Subdivision Number:
- 183
- Courtesy of:
- Compass Florida, LLC
- Attribution:
- 305-209-8866
- Street Name:
- Drexel Ave
- Street Number:
- 1355
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33139
- County:
- Miami-Dade
- Latitude:
- N25° 47' 6.8''
- Longitude:
- W81° 52' 2.4''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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