632 15th Street, Miami Beach, FL 33139 (MLS# A11940926)

632 15th Street, Miami Beach, FL 33139

$2,650,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11940926

Property Type: Residential Income Square Footage: 5,939 Status: Active

Current Price: $2,650,000 List Date: 1/12/2026 Last Modified: 7/10/2026

Overview

Description

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.

Listing Details MLS# A11940926

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 5939
Living Area Main: 5939
Adjusted Area Main: 5287
Year Built: 1930
Parking Total: 2
Stories Total: 2
Pool Private YN: No

Property Features

Documents Available: Deposit - Last Months Rent; Deposit - Security; Deposit Held; Other Available Information; Rent Rolls Flooring: Tile; Wood Property Condition: Resale; Updated/Remodeled Structure Type: Multi Family Construction Materials: Block Cooling: Central Air Heating: Electric; Separate Meters Listing Terms: Cash; Conventional Possession: Close Of Escrow; Negotiable Roof: Other Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: 24 Hour Notice; Call Listing Agent Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Family Room; Kitchen Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space

Contract Information

Comp Sale YN: No
Original List Price: 3000000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 632
Street Name: 15th
Street Suffix: Street
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 3512
Postal Zip: 33139
Subdivision Name: LINCOLN SUB
Development Name: LINCOLN SUB
Area: 2320
Elementary School: Miami Beach Fienberg / Fisher K-8
High School: Miami Beach
Parcel Number: 0232340021890
Subdivision Number: 2
Zoning: 3900

Financial Information

Tax Annual Amount: 32992
Tax Year: 2025
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

Status Change Information

Major Change Timestamp: 2026-03-27T19:34:37Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-27T19:34:37Z
Status Change Date: 2026-01-12

More Information

Meter Information

Separate Electric Meters YN: Yes

Income and Expenses

Gross Income: 18000

Storm Protection

Impact Glass: Complete

Unit 1 Details

Actual Rent: 4500
Baths Full: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1500

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 4500
Baths Full: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1500

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 4500
Baths Full: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1500

Unit 3 Lease Description

Currently Leased YN: Yes

Unit 4 Details

Actual Rent: 4500
Baths Full: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1500

Unit 4 Lease Description

Currently Leased YN: Yes

Section Details

Parcel Number MLX: 1890

Originating Details

Originating System Key: 425042260
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes
Wood: Yes

Property Condition

Resale: Yes
Updated/Remodeled: Yes

Documents Available

Deposit - Last Months Rent: Yes
Deposit - Security: Yes
Deposit Held: Yes
Other Available Information: Yes
Rent Rolls: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Electric: Yes
Separate Meters: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Other: Yes

Cooling

Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

Parking Space: Yes

Listing Office: Fortune International Realty

Last Updated: July - 10 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.