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.
A well-maintained four-unit multifamily property in Miami Beach’s North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beach’s fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment. Zoned RM-1 (3900 – Multifamily, 38–62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized. Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.
DEVELOPMENT OPPORTUNITY!! Excellent location in Normandy Isles. Plans to build a 7,812 SF / 3 story building with 6 units (3 X 3B2Ba + 3 X 2B/2Ba) with parking, pool and roof terraces. RM-1 Zoning with FAR of 1.25. Existing house is 2 units: 3/1 & 1/1. (1/1 currently rented) Minutes away from the brand new massive walkable development in North Bay Village called Island Walk, which will incredibly improve the neighborhood!! Architectural plans in process to be approved by the City.
Multifamily property in upcoming North Beach area. 2 stories. Terrazzo floors on 1st floor and wood floors on 2nd floor. 8 studio units. Building recently painted. Changing railing to comply with Fire Dept. Double lot. As-Is.
Property has newer roof, new electric service (panel has disconnector 600amp breaker, new wiring and new breaker panel in each unit. The entire building has cat5 and coaxial cable). Unit has 18000 BTU in the living room mini splitter and 10000 BTU in the bedrooms. Impact windows and doors. Connection for washer and dryer machine, plumbing and electrical ready. Fresh water plumbing to each unit. 1\3 of the building has new trusses. New complete stucco. The property passed the 40+10 inspection with the City of Miami Beach a few months ago. Property being sold As-Is. Vacant.
An architectural gem Miami Beach’s prime location. Completely redesigned with a contemporary flair .This four-unit building features spacious 2-bedroom apartments, each approximately 1,000 SF with open kitchens, custom closets, Central AC and impact windows washer & Dryer. This Residence Building is finished with top-of-the-line materials and luxury craftsmanship. Most desirable neighborhoods surrounded by multimillion-dollar villas and luxury condominiums, this property offers a strong community environment, A-rated schools, and proximity to restaurants, offices, and beaches ,just 20 minutes from Miami International Airport and major highways. All units are leased to qualified tenants in a average of $4,000 per month, providing immediate income and exceptional investment stability.
PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 6.00%. Pro format Cap Rate 6.50% Pro format NOI $203.889. Offering Memorandum available upon request.
Courtesy: The Agency Florida LLC
954-603-4784
Turnkey Quadplex Miami Beach! Fully renovated from top to bottom, this 4-unit property is a rare find. The building features a desirable mix of units: one 3-bed, 3-bath; one 3-bed, 2.5-bath; and two 2-bed, 1-bath unitsâ??each fully upgraded with modern finishes, impact windows, new kitchens and baths, updated plumbing, electrical, roof, and more. The property has successfully completed its 40-Year Recertification, ensuring structural integrity and long-term peace of mind for the next owner. Ideal for investors seeking stable rental income in one of South Floridaâ??s most sought-after markets. Located minutes from the beach, shopping, parks, and dining, this fully updated quadplex offers strong rental potential in a high-demand area of Miami Beach.
An exceptional true fourplex in prime Miami Beach, located on desirable Normandy Isle. Recently renovated with a brand-new roof, central A/C, updated flooring in every unit, and fresh paint throughout. This property offers the perfect blend of lifestyle and investment appeal. Surrounded by Biscayne Bay, residents enjoy a true waterfront community just minutes from the beach, Bal Harbour, and Downtown Miami. The neighborhood is highly walkable, with cafés, shops, and local conveniences nearby, plus easy access to the Normandy Shores Golf Club, tennis courts, and parks. With its historic charm, strong rental demand, and ongoing area growth, Isle of Normandy stands out as one of Miami’s most desirable and well-positioned communities.
Beautifully Remodeled with plans and permits to include all ne electrical, plumbing, mechanical, all appliances, flooring and subflooring. Building also has 40yr Certification, All units have laundry's within each unit. All external Electrical systems are also new. There is not another one like this in the Area. Minutes From water. restaurants and recreational activities.
EXCELLENT opportunity for investors to own an eight (8) units multifamily apartment building. 40YR CERTIFICATION JUST DONE! PRICE TO SELL. The property features 1BR 1FB. Enjoy the best view of the Tatum Waterway and Miami Lifestyle. Located in the exclusive Biscayne Point nearthe North Beach neighborhood of Miami Beach. Close to the Beach, Bal Harbor, and downtown Miami Beach. Great access to Collins Ave and Broad Causeway to access US-1 and I-95. Buyer & Buyer’s agent is advised to independently verify all details and information of this listing. Listing Broker & Broker’s agent do not represent or guarantee its accuracy.
Courtesy: Lifestyle International Realty
305-809-8085
Prime South Beach fourplex Close to Lincoln Rd; This fully occupied property features four spacious 2-bedroom, 1-bath units, all on month-to-month leasesâ??ideal for flexibility and rental upside. Market rents are estimated at $2,500/month, with a projected gross income of $120,000/year. Estimated expenses are around $35,000, offering a potential 5.31% cap rate. No HOA. Great investment in a high-demand, walkable location in the heart of Miami Beach.
Courtesy: EXP Realty LLC
888-883-8509
Exceptional investment opportunity in the heart of Miami Beach! This well-maintained quadplex offers two spacious 2-bedroom, 1-bath units, one oversized 1-bedroom, 1-bath unit, and a large studio/efficiency. Perfectly positioned near Lummus Park, the Art Deco District, and Lincoln Road, the property provides easy access to world-famous beaches, shopping, dining, and entertainment. A rare chance to own a high-demand rental asset in one of Miami Beachâ??s most desirable areas â?? donâ??t miss out!
Courtesy: Lifestyle International Realty
305-809-8085
Prime Investment Opportunity in the Heart of Miami Beach! This Four-unit Multifamily Property Offers Spacious 2-bedroom units, all Currently on Month-to-Month leases, providing flexibility for New Ownership. Each unit has the potential to command $3,500/month, projecting an Annual gross income of $168,000. Estimated annual expenses are approximately $35,000, leading to a potential cap rate of 8.31%. Located steps away from iconic attractions such as Lummus Park, the Art Deco Historic District, and Lincoln Road Mall, tenants will enjoy unparalleled Access to the best of Miami Beach. Don't miss out on this exceptional Property.
Courtesy: The Keyes Company
305-931-8920
Four - 1 bedroom/1 bathroom, living room, kitchen & dining room. Two entrances (front & back). Well maintained building and well maintained apartments with good plumbing, new appliances and window treatments. All new A/C units in all apartments. 4 electrical meters and 4 gas meters. New roof done 10 years ago - no leaks. 40 year recertification passed and completed. Laundry room with coin washer and dryer for extra income. Always occupied; all tenants have leases with deposits, except one tenant is month to month. PLEASE DO NOT DISTURB OR TALK TO TENANTS. Call listing agent to show.
Courtesy: NH & FL Real Estate LLC
603-828-8043
Courtesy: The Corcoran Group
561-655-9081
nique property ideally located in one of the most sought-after residential neighborhoods in Miami Beach. Close to the beach and within walking distance to South Beach shops, restaurants, Ocean Drive, Lincoln Road and Flamingo Park. The existing building created in 1939 boast 3030 sqft on 2 floors and as the distinctive Miami Beach architectural charm. It is built on a large lot of 8000 sqft that may offer plenty of space for expansion for a pool or a new development. Enjoy the best urban lifestyle that Miami Beach has to offer by making this your perfect home or transforming this exclusive property into a Luxurious rental complex!
10 Townhome complex located in Miami Beach with direct access to the Intercostal. Building has been completely renovated 2024. Actually in the process of building 8 boat slips. 100% vacant. New flooring, bathrooms, Kitchen cabinets, appliances. SELLER FINANCING AVAILABLE
Two waterfront buildings on Tatum Waterway in Biscayne Point, Miami Beach across from Crespi Park. Property features a total of 12 units, 7805 has two studios; two 2 bedrooms/one bath; and two 3 bedrooms/two baths, 7815 has one 1 bedroom/1 bath; one 1 bedroom plus den/1 bath; three 2 bedrooms/2baths and one 2 bedrooms plus den/2 baths. Newer roofs. Close proximity to the beach and Bal Harbour. Nearby restaurants, plazas, and shopping options
Two waterfront buildings on Tatum Waterway in Biscayne Point, Miami Beach across from Crespi Park. Property features a total of 12 units, 7805 has two studios; two 2 bedrooms/one bath; and two 3 bedrooms/two baths, 7815 has one 1 bedroom/1 bath; one 1 bedroom plus den/1 bath; three 2 bedrooms/2baths and one 2 bedrooms plus den/2 baths. Newer roofs. Close proximity to the beach and Bal Harbour. Nearby restaurants, plazas, and shopping options
Courtesy: NH & FL Real Estate LLC
603-828-8043
EXTREMELY RARE OPPORTUNITY TO ACQUIRE TWO PRIME CONTIGUOUS PROPERTIES, EACH WITH A 4-PLEX, ONE BLOCK FROM THE BAY ON POSH, BURGEONING NORMANDY ISLE. CASH COW TURNKEY 8-UNITS IN TOTAL, ALL 1+1'S, FULLY RENTED AND PRODUCING. BOTH BUILDINGS HAVE NEW ROOFS AND 7 OF THE 8 UNITS ARE MODERN AND RENOVATED. KEEP THE PROPERTIES AS THEY ARE AND ENJOY THE RENTAL INCOME OR REDEVELOP IN THE FUTURE. THE LOTS SPAN 13,324 SQUARE FEET AND ARE A SPECTACULAR DEVELOPMENT OPPORTUNITY TO GO VERTICAL WITH A 5-STORY BUILDING WITH 18 OR MORE UNITS, PARKING AND POOL, DEPENDING ON DESIGN CONFIGURATION. INCREDIBLE LOCATION, JUST STEPS FROM THE NORMANDY ISLE PARK, THE GOLF COURSE, MULTI-MILLION DOLLAR WATERFRONT HOMES, ACROSS FROM WALGREENS AND JUST MINUTES TO THE BEACH, PUBLIX, AND THE MAINLAND. THIS IS A WHITE WHALE INVESTMENT, RELENTLESSLY SOUGHT AND ALMOST NEVER FOUND. CALL LISTING BROKER FOR OFFER INSTRUCTIONS.
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All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc.
Miami Beach is located in Florida. Miami Beach, Florida has a population of 83,469. Miami Beach is less family-centric than the surrounding county with 25.05% of the households containing married families with children. The county average for households married with children is 27.22%.
The median household income in Miami Beach, Florida is $59,162. The median household income for the surrounding county is $57,815 compared to the national median of $69,021. The median age of people living in Miami Beach is 41.7 years.
The average high temperature in July is 88.9 degrees, with an average low temperature in January of 60.1 degrees. The average rainfall is approximately 59.2 inches per year, with 0 inches of snow per year.
