632 15th Street, Miami Beach, FL 33139

$2,650,000
Property Type: Residential Income Square Footage: 5,939 Status: Active
Current Price: $2,650,000 List Date: 1/12/2026 Last Modified: 9/10/2026

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

Price Calculations

Current Price To SqFt
446.2

Section Details

Parcel Number MLX
1890

Originating Details

Originating System Key
425042260
Originating System ID
M00000151
IDX
Listing Office: Fortune International Realty
Source MLS Verified
Last Updated: September - 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.

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