Miami Beach Investment Properties & Multifamily for Sale
Live BeachesMLS listings matching this search in Miami Beach, Florida, updated throughout the day.
Investment buying in Miami Beach is governed by rules before returns. The city restricts short-term rentals by zoning district, and the association can be stricter still, so whether a unit may be let by the week depends on the exact address and the building, in writing, before you count that income. What investors do buy is small apartment buildings and older condominiums in North Beach, on Normandy Isle and on the Altos del Mar plats, walk-ups around Flamingo Park bought to renovate, and houses on large bay-side lots bought for the land. Condo-hotel units such as those at the Carillon come with a rental program and financing limits of their own. Renovation in a Miami Beach historic district adds review time to every plan.
29 listings, newest first.
The 29 listings on this page run from $600,000 to $8,995,000, with a median of $1,791,000, about $490 per square foot, and they have been listed a median of 113 days.
$1,600,000
7610 Dickens Avenue, Miami Beach FL 33141
0 ba · 3,655 sq ft · Quadruplex$600,000
1325 Normandy Drive, Miami Beach FL 33141
0 ba · 1,534 sq ft · Duplex$2,699,000
3909 Garden Avenue, Miami Beach FL 33140
0 ba · 3,880 sq ft · Quadruplex$1,349,000
726 8th Street, Miami Beach FL 33139
0 ba · 1,568 sq ft · Quadruplex$8,995,000
3921 N Meridian Avenue, Miami Beach FL 33140
0 ba · 5,366 sq ft · Quadruplex$2,940,000
734 Michigan Avenue, Miami Beach FL 33139
0 ba · 2,809 sq ft · Duplex
$1,299,000
1170 71ST Street, Miami Beach FL 33141
0 ba · 3,759 sq ft · Quadruplex$1,791,000
1460 E West Avenue, Miami Beach FL 33139
0 ba · 4,952 sq ft · Quadruplex$1,375,000
1794 Normandy Drive, Miami Beach FL 33141
0 ba · 3,000 sq ft · Quadruplex$1,375,000
1784 Normandy Drive, Miami Beach FL 33141
0 ba · 2,792 sq ft · Quadruplex$1,200,000
1508 Meridian Avenue, Miami Beach FL 33139
0 ba · 1,776 sq ft · Quadruplex$1,025,000
, Miami Beach FL 33141
0 ba · 1,898 sq ft · Duplex$2,400,000
5445 Collins Avenue, Miami Beach FL 33140
0 ba · Duplex$2,200,000
912 Euclid Avenue, Miami Beach FL 33139
0 ba · 2,558 sq ft · Quadruplex$1,300,000
1730 Marseille Drive, Miami Beach FL 33141
0 ba · 2,792 sq ft · Quadruplex$1,700,000
2120 Biarritz Drive, Miami Beach FL 33141
0 ba · 3,492 sq ft · Quadruplex$2,350,000
815 W 39, Miami Beach FL 33140
0 ba · 3,474 sq ft · Quadruplex$2,400,000
1438 Meridian Avenue, Miami Beach FL 33139
0 ba · 4,644 sq ft · Quadruplex$7,999,900
7830 Abbott Avenue, Miami Beach FL 33141
0 ba · 19,155 sq ft · Quadruplex$1,490,000
835 83rd Street, Miami Beach FL 33141
0 ba · 3,652 sq ft · Quadruplex$4,700,000
1345 Pennsylvania Avenue, Miami Beach FL 33139
0 ba · 8,219 sq ft · Quadruplex$1,250,000
730 84th Street, Miami Beach FL 33141
0 ba · 2,464 sq ft · Quadruplex$1,810,000
1791 Marseille Drive, Miami Beach FL 33141
0 ba · 3,872 sq ft · Quadruplex$4,285,000
1000 7th Street, Miami Beach FL 33139
0 ba · 7,868 sq ft · Quadruplex$4,250,000
1561 Jefferson Avenue, Miami Beach FL 33139
0 ba · 10,334 sq ft · Duplex$950,000
971 79th Terrace, Miami Beach FL 33141
0 ba · 1,966 sq ft · Duplex$2,650,000
632 15th Street, Miami Beach FL 33139
0 ba · 5,939 sq ft · Quadruplex$7,325,000
756 84th Street, Miami Beach FL 33141
0 ba · 6,020 sq ft · Quadruplex$1,430,000
1784 Marseille Drive, Miami Beach FL 33141
0 ba · 3,784 sq ft · Quadruplex
What Investors Buy in Miami Beach
Investors in Miami Beach buy one of four things. Small apartment buildings and older condominiums in North Beach, on Normandy Isle and on the Altos del Mar plats, held for annual tenants who work on the island. Art Deco walk-ups around Flamingo Park and Collins Park bought to renovate unit by unit, where the historic district shapes what can change outside. Furnished apartments in buildings whose zoning district and association both permit shorter stays, which is the smallest group and the one that needs verification in writing. And land: an original house on a wide bay lot on North Bay Road or the Venetian Islands, bought for the frontage and the rebuild. The Miami Beach tenant is rarely a student and often a seasonal or relocating renter.
Reading the Numbers in Miami Beach
Miami Beach numbers live or die on two lines the listing understates. Florida taxes reassess to your purchase price at closing, so a long-held building's current tax figure is not yours. Insurance, wind and flood together, is the swing item on a low-lying island, and an older building with an aging roof and an unelevated ground floor prices very differently from a rebuilt one. In an apartment, association dues rise after a milestone inspection and a special assessment can land after you close, so read the reserve study, the recertification status and the assessment history as underwriting documents. Seasonal income carries empty months, turnover and furnishing costs, and any projected figure on a Miami Beach listing is the agent's estimate until signed leases exist.
The Numbers on These Listings
Straight from the MLS, updated through the day. Income and capitalization rates are what the listing agent published, not audited figures: treat them as the start of underwriting, and ask for certified operating statements before you offer.
| Property | Price | Units | Per unit | Income | Cap rate | Taxes | HOA | Days on market |
|---|---|---|---|---|---|---|---|---|
| 7610 Dickens Avenue | $1,600,000 | 4 | $400,000 | $6,320 gross | — | $17,018 | — | 3 days |
| 1325 Normandy Drive | $600,000 | 2 | $300,000 | — | — | $2,627 | — | 187 days |
| 3909 Garden Avenue | $2,699,000 | 4 | $674,750 | $12,000 gross | — | $21,740 | — | 13 days |
| 726 8th Street | $1,349,000 | 4 | $337,250 | $5,350 gross | — | $16,692 | — | 24 days |
| 3921 N Meridian Avenue | $8,995,000 | 4 | $2,248,750 | $18,060 gross | — | $31,784 | — | 27 days |
| 734 Michigan Avenue | $2,940,000 | 2 | $1,470,000 | $118,084 net | 4% | $22,375 | $1,114 | 113 days |
| 1170 71ST Street | $1,299,000 | 4 | $324,750 | — | — | $16,943 | — | 35 days |
| 1460 E West Avenue | $1,791,000 | 3 | $597,000 | $6,875 gross | — | $9,027 | — | 119 days |
| 1794 Normandy Drive | $1,375,000 | 4 | $343,750 | $6,400 gross | — | $15,500 | — | 44 days |
| 1784 Normandy Drive | $1,375,000 | 4 | $343,750 | $6,400 gross | — | $15,500 | — | 44 days |
| 1508 Meridian Avenue | $1,200,000 | 4 | $300,000 | $91,200 gross | — | $13,398 | $1,390 | 133 days |
| MLS A12050798 (reduced from $1,075,000) | $1,025,000 | 2 | $512,500 | $5,200 gross | — | $11,718 | — | 77 days |
| 5445 Collins Avenue | $2,400,000 | 4 | $600,000 | $400 gross | — | $35,903 | $5,235 | 93 days |
| 912 Euclid Avenue | $2,200,000 | 4 | $550,000 | $9,275 gross | — | $24,707 | — | 94 days |
| 1730 Marseille Drive | $1,300,000 | 4 | $325,000 | $89,400 gross | — | $15,910 | — | 94 days |
| 2120 Biarritz Drive (reduced from $1,900,000) | $1,700,000 | 4 | $425,000 | $80,400 net | 4.7% | $18,497 | — | 98 days |
| 815 W 39 | $2,350,000 | 4 | $587,500 | $149,400 gross | — | $26,623 | — | 109 days |
| 1438 Meridian Avenue | $2,400,000 | 4 | $600,000 | $12,225 gross | — | $24,505 | — | 112 days |
| 7830 Abbott Avenue (reduced from $8,499,000) | $7,999,900 | 3 | $2,666,633 | $91,000 gross | — | $809,106 | — | 132 days |
| 835 83rd Street (reduced from $1,580,000) | $1,490,000 | 4 | $372,500 | $1,550 gross | — | $18,555 | — | 141 days |
| 1345 Pennsylvania Avenue | $4,700,000 | 2 | $2,350,000 | $3,750 gross | — | $58,039 | — | 142 days |
| 730 84th Street | $1,250,000 | 4 | $312,500 | $7,100 gross | — | $14,797 | — | 158 days |
| 1791 Marseille Drive (reduced from $2,350,000) | $1,810,000 | 4 | $452,500 | $8,900 gross | — | $16,992 | — | 185 days |
| 1000 7th Street (reduced from $4,500,000) | $4,285,000 | 2 | $2,142,500 | $251,000 net | 5.9% | $52,096 | — | 203 days |
Get Miami Beach Investment Deals Before They Are Picked Over
BreakThru Realty emails new income property matching this search as it comes on the market, and will underwrite any listing with you: the rents in place, the taxes as they reset on sale, insurance quoted today, and what comparable buildings actually traded for. You can request a property analysis, ask about off-market opportunities or schedule an investor consultation from this page.
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