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5,939 sqft

$2,650,000

632 15th St, Miami Beach FL, 33139

Price per sqft$446.20
Built in1930
Property size5,939 sqft
Property typeMulti-family

Overview

Active

Listed Jan 12, 2026

Updated 3 weeks ago

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.

$17,631/mo

Est. mortgage payment based on a $2,650,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$32,992
Tax Frequency
Annually

Broker Reciprocity Courtesy of Fortune International Realty

 

Data last updated:9/14/2026.

 

The multiple listing information is provided by FL - Miami Association of REALTORS® (RAMB) from a copyrighted compilation of listings. The compilation of listings and each individual are ©2026FL - Miami Association of REALTORS® (RAMB). All Rights Reserved.

 

The information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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