$2,750,000

Estimated payment $18,031/month

Total Views 1,238
-- Bed
-- Bath
3,952 Sq Ft
$696 Price per Sq Ft

About This Home

Prime Investment Opportunity in the Heart of Miami Beach! Fourplex building, perfectly positioned in a walkable and trendy neighborhood that is highly appealing to both visitors and long-term renters. Just steps away from the stunning Miami Beach Bay, each of the 4 corner units within this property boasts 2 bedrooms and 2 full bathrooms. Recently renovated, this property is zoned RM-2, allowing for versatile apartment/hotel use, offering both short and long-term rental opportunities, ensuring immediate income potential. Key upgrades include new electrical systems, plumbing and impact windows. The prime location of this property allows easy access to a variety of amenities including trendy shops, Trader Joe's, the vibrant Sunset Harbour, and the famous Lincoln Road.

Listing Agent

Nabil Jimenez

Douglas Elliman License #3469324

Douglas Elliman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,533

Year Built

  • Built in 1950

Parking

  • 1 Parking Space

Home Design

  • Quadruplex

Interior Spaces

  • 3,952 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • 4 Units
  • Lincoln Terrace Sub Condos
  • Lincoln Terrace Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-33-008-0050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,533

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1950
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: LINCOLN TERRACE SUB
  • Year Built Details: Unknown
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Living Area: 3952
  • Stories: 2

Exterior Features

  • Roof: Other
  • Construction Type: Other
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LINCOLN TERRACE SUB
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Other

Lot Info

  • Parcel Number: 02-32-33-008-0050
  • Zoning: 4000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 32533

Multi Family

  • Number Of Units In Community: 4

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 For Sale $2,750,000 +48.6% $696 / Sq Ft
12/29/2021 12/29/21 Sold $1,850,000 -25.7% $468 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $2,490,000 -- $630 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11769177

MIAMI REALTORS® MLS