632 15th St Miami Beach, FL 33139
Flamingo NeighborhoodEstimated payment $18,343/month
Highlights
- Wood Flooring
- Complete Impact Glass
- Heating Available
- No HOA
- Central Air
About This Home
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. Opportunity to add value for even higher rents. Call today for more information.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,992
Year Built
- Built in 1930
Parking
- 2 Parking Spaces
Home Design
- Quadruplex
- Substantially Remodeled
Interior Spaces
- 5,939 Sq Ft Home
- 2-Story Property
- Complete Impact Glass
Flooring
- Wood
- Tile
Utilities
- Central Air
- Heating Available
Community Details
- No Home Owners Association
- 2 Units
- Lincoln Sub Condos
- Lincoln Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-32-34-002-1890
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $35,140 | $1,794,520 | $1,200,000 | $594,520 |
| 2024 | $35,291 | $1,943,527 | -- | -- |
| 2023 | $35,291 | $1,766,843 | $0 | $0 |
| 2022 | $30,180 | $1,606,221 | $1,320,000 | $286,221 |
| 2021 | $23,304 | $1,182,775 | $0 | $0 |
| 2020 | $22,568 | $1,321,000 | $1,320,000 | $1,000 |
| 2019 | $25,599 | $1,321,000 | $1,320,000 | $1,000 |
| 2018 | $31,392 | $1,669,407 | $1,320,000 | $349,407 |
| 2017 | $26,071 | $1,191,688 | $0 | $0 |
| 2016 | $25,292 | $1,083,353 | $0 | $0 |
| 2015 | $19,670 | $984,867 | $0 | $0 |
| 2014 | $18,191 | $895,334 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/12/2026 01/12/26 | For Sale | $3,000,000 | 0.0% | $505 / Sq Ft |
| 03/01/2018 03/01/18 | Rented | $1,600 | 0.0% | -- |
| 02/22/2018 02/22/18 | Under Contract | -- | -- | -- |
| 02/13/2018 02/13/18 | For Rent | $1,600 | -- | -- |
Source: MIAMI REALTORS® MLS
MLS Number: A11940926
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