Quadruplex in 632 15th Street, Miami Beach, FL 33139 for sale with MLS# A11940926

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.

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Days on the market

632 15th Street, Miami Beach, FL 33139

Price
Price:
$2,650,000.00
Original List Price:
$3,000,000.00
List Price per Sq Ft (Calculated, Approx.):
$446.2
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential Income (Multifamily 2-4)
Property Type:
Fourplex (Quadruplex)
Description of Last Important Update:
Price Reduced
Last Major Update on:
March 27, 2026 7:34 pm
Measures
Living Area:
5,939 Sqft
Built-Up Area:
5,939 Sqft
Property Features
Waterfront:
No
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Electric, Separate Meters
Storm Protection Impact Glass:
Complete
Construction
Year Built:
1930
Roof:
Other
Number of Units Total:
4
Levels:
Two
Construction Materials:
Block
Flooring:
Tile, Wood
Number of stories:
2
Structure Type:
Multi Family
Number of Units in the Community or Building:
4
Property Condition:
Resale, Updated/remodeled
Taxes and Expenses
Tax Annual Amount:
$32,992.00
Tax Year:
2025
Property Tax Details:
Tax Reflects No Exemptions
Utilities
Sewer:
Public Sewer
Utilities Available:
Cable Available
Community
Subdivision Name:
LINCOLN SUB
Senior Community:
No
Development Name:
LINCOLN SUB
Terms
Documents Available:
Rent Rolls, Deposit - Security, Other Available Information, Deposit Held, Deposit - Last Months Rent
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Negotiable, Close Of Escrow
Zoning and Legal
Tax Legal Description:
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
Real Estate Folio Number (Parcel Number):
0232340021890
Zoning:
3900
Public Schools Assigned
Elementary School:
Doby Elementary-hb
High School:
Miami Beach
Listing History
Active on the market since:
January 12, 2026
Listing Agreement executed on:
January 12, 2026
Price change occurred on:
March 27, 2026 7:34 pm
Listing Status Last Changed On:
January 12, 2026 4:56 pm
Photos updated on:
September 10, 2026 8:27 pm
Last Modified:
September 10, 2026 8:27 pm
Additional Information
Courtesy of:
Fortune International Realty
Attribution:
Not provided
Location
Street Name:
15th
Street Number:
632
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 47' 14.1''
Longitude:
W81° 51' 54.2''
Street Suffix:
Street
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,368
Median Home Value $480,500
Median Rent $1,745/mo
Median Age 42
Population 34,406

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 50 Good
☀️ O3 30 Good
🫁 PM2.5 50 Good
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Association of REALTORS®
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