Quadruplex in Miami Beach for sale with MLS# A11988379
Premier Investment Opportunity: Stabilized 6-Unit Multifamily in South Beach. This turnkey asset at 645 Lenox Ave features 6 uniform 650 SF units with functional, identical layouts. Property is being sold in "As-Is" condition. It offers a lean operational structure with separate electric meters for each unit, allowing tenants to pay their own electricity. Boasting a Gross Annual Income of $170,400 based on 2026 actuals. High Investment Security: The property officially received its 10-Year Building Recertification (Miami-Dade Ordinance 8-11(f)), valid until 2035. This ensures structural and electrical safety, significantly reducing the risk of unexpected special assessments. AAA Location: Steps from the 500 Alton Project, a new 3-acre park, Baptist Health Center, and Publix. The property sits on a 7,500 SF lot with RM-1 Zoning. All units come fully furnished with an inventory list. Ideal for investors seeking immediate cash flow and long-term appreciation in a supply-constrained market.
The street address for this listing (MLS-A11988379) is private
- Price:
- $3,150,000.00
- Original List Price:
- $3,150,000.00
- Rent Includes:
- Sewer, Trash Collection, Water, Gardener
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Listed As Is, Corporate Listing (Corporate Owned Property)
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- MLS Number:
- A11988379
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 24, 2026 11:48 am
- Living Area:
- 3,600 Sqft
- Built-Up Area:
- 3,600 Sqft
- Lot Size Unit:
- Square Feet
- Lot Features:
- Sprinklers Automatic, Less Than Quarter Acre
- Waterfront:
- No
- Exterior:
- Awning(s), Security High Impact Doors
- Windows:
- Blinds, Impact Glass, Impact glass, Impact Glass
- Green Energy Efficient:
- Appliances, Hvac, Thermostat, Water Heater
- Air Conditioning
- Air Conditioning System:
- Central Air, Ceiling Fan(s), Electric
- Heating
- Heating System:
- Central
- Storm Protection:
- Complete Impact Glass, Impact Glass, Impact-Resistant Doors
- Year Built:
- 1935
- Year Built Details:
- Effective Year Built
- Roof:
- Barrel
- Architectural Style:
- Fourplex
- Levels:
- One
- Construction Materials:
- Block
- Flooring:
- Laminate, Ceramic Tile
- Stories:
- 1
- Foundation Details:
- Raised
- Property Condition:
- Updated/remodeled
- Tax Annual Amount:
- $25,015.00
- Tax Year:
- 2025
- Property Tax Status:
- Tax Reflects City & County Tax
- Parking Total Spaces:
- 0
- Covered Spaces:
- 0
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Not Available
- Subdivision Name:
- OCEAN BEACH ADDN NO 3
- Senior Community:
- No
- Documents Available:
- Other, Rent Rolls, Survey, Inventory, Lease
- Disclosures:
- Other
- Listing Terms Considered by Seller:
- Cash, Conventional, Other
- Occupant Type:
- Tenant
- Buyer Possession:
- Closing And Funding
- Tax Legal Description:
- 3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 14 BLK 97 LOT SIZE 50.000 X 150
- Real Estate Folio Number (Parcel Number):
- 02-42-03-009-7770
- Zoning Description:
- 3900
- Originally published on:
- March 24, 2026 11:48 am
- Active on the market since:
- March 24, 2026
- Price change occurred on:
- March 24, 2026 10:58 am
- Listing Status Last Changed On:
- March 24, 2026 11:48 am
- Photos updated on:
- March 24, 2026 4:09 pm
- Last Modified:
- April 8, 2026 1:22 am
- Flood Zone:
- AE
- Type of Association:
- None
- Style:
- Fourplex
- Municipal Code:
- 2
- Subdivision Number:
- 9
- Courtesy of:
- Lamarca & Co. Inc
- Attribution:
- Not provided
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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