Miami Beach Investment Properties & Multifamily for Sale
The best Miami Beach investment decision starts before you buy.
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.
37 listings, newest first.
The 37 listings on this page run from $950,000 to $8,995,000, with a median of $2,350,000, about $507 per square foot, and they have been listed a median of 152 days.
The communities with the most listings here are Isle of Normandy Miami Vi (5), Ocean Beach Addn (4), Biscayne Bch Sub (3), Altos Del Mar (2) and Garden Sub Amd Pl (2), 16 of the 37; the others are spread across 10 more communities. Nearly all of them are multifamily properties. They were built between 1924 and 2025, a median of 1947, and 1 in the last ten years. 4 of the 37 have a pool, and 5 are on the water. They sit in 3 ZIP codes: 33139, 33140 and 33141.
$2,275,000
7751 Hawthorne Avenue, Miami Beach FL 33141
0 ba · 2,016 sq ft · Quadruplex$1,250,000
730 84th Street, Miami Beach FL 33141
0 ba · 2,464 sq ft · Quadruplex
$2,699,000
3909 Garden Avenue, Miami Beach FL 33140
0 ba · 3,880 sq ft · Quadruplex
$5,600,000
560 Michigan Avenue, Miami Beach FL 33139
0 ba
$1,600,000
7610 Dickens Avenue, Miami Beach FL 33141
0 ba · 3,655 sq ft · Quadruplex
$3,985,000
1321 15th, Miami Beach FL 33139
Multifamily for sale · 7,924 sq ft · $503/sq ft · MLS# A12079959
Courtesy of Elite Ocean View Realty LLC
$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
$2,200,000
625 MICHIGAN Avenue, Miami Beach FL
Multifamily for sale · 6,534 sq ft · $337/sq ft · MLS# B26067978
Courtesy of Llinas Realty Group, Inc$2,940,000
734 Michigan Avenue, Miami Beach FL 33139
0 ba · 2,809 sq ft · Duplex
$1,275,000
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
$1,350,000
1794 Normandy Drive, Miami Beach FL 33141
0 ba · 3,000 sq ft · Quadruplex
$1,350,000
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$1,200,000
1508 Meridian Avenue, Miami Beach FL 33139
Multifamily for sale · 7,500 sq ft · $160/sq ft · MLS# A12018961
Courtesy of Sermoneta Real Estate Group Corp
$1,890,000
759 Meridian, Miami Beach FL 33139
Multifamily for sale · 3,200 sq ft · $591/sq ft · MLS# A12066561
Courtesy of Location3 International, LLC.
$1,389,000
1765 Normandy Drive, Miami Beach FL 33141
0 ba · 3,024 sq ft · Quadruplex
$5,600,000
560 Michigan Avenue, Miami Beach FL 33139
Multifamily for sale · 5,524 sq ft · $1,014/sq ft · MLS# A12057167
Courtesy of The Corcoran Group
$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$1,549,000
1980 Biarritz Drive, Miami Beach FL 33141
Multifamily for sale · 3,924 sq ft · $395/sq ft · MLS# A12039962
Courtesy of Serhant$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$7,499,999
7830 Abbott Avenue 25, Miami Beach FL 33141
Multifamily for sale · 19,155 sq ft · $392/sq ft · MLS# A12022628
Courtesy of Stay Plus LLC$7,499,999
7830 Abbott Avenue, Miami Beach FL 33141
0 ba · 19,155 sq ft · Quadruplex$4,700,000
1345 Pennsylvania Avenue, Miami Beach FL 33139
0 ba · 8,219 sq ft · Quadruplex$1,810,000
1791 Marseille Drive, Miami Beach FL 33141
0 ba · 3,872 sq ft · Quadruplex$4,100,000
1000 7th Street, Miami Beach FL 33139
Multifamily for sale · 7,868 sq ft · $521/sq ft · MLS# A11975610
Courtesy of Keller Williams Capital Realty$4,100,000
1000 7th Street, Miami Beach FL 33139
0 ba · 7,868 sq ft · Quadruplex$4,250,000
1561 Jefferson Avenue, Miami Beach FL 33139
Multifamily for sale · 7,852 sq ft · $541/sq ft · MLS# A11969099
Courtesy of The Corcoran Group$4,250,000
1561 Jefferson Avenue, Miami Beach FL 33139
0 ba · 7,852 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$2,590,000
7155 Rue Notre Dame, Miami Beach FL 33141
Multifamily for sale · 6,931 sq ft · $374/sq ft · MLS# A11905482
Courtesy of Direct Realty Solutions
Ask About These Miami Beach Investment & Multifamily Properties
Tell us which of these homes you want to see, or what you are looking for that is not here, and a Miami Beach agent replies with the homes that fit, the questions to ask about each and a time to see them. Call or text (786) 914-1017 or send the form on this page.
Miami Beach Investment & Multifamily Properties: What Is on the Market
What the 37 investment & multifamily properties for sale in Miami Beach tell you about this market, counted from the listings on this page as of November 8, 2026. Every figure moves with the inventory. Ask about any of these homes or request a showing from this page.
| Listings on this page | 37 |
|---|---|
| Asking prices | $950,000 to $8,995,000 |
| Median asking price | $2,350,000 |
| Median price per square foot | $507/sq ft |
| Median living area | 3,924 sq ft |
| Year built | 1924 to 2025, median 1947 |
| Median days on market | 152 days |
| Listings with a price cut | 17 of 37 |
| With a pool | 4 of 37 |
| On the water | 5 of 37 |
| With ocean access | 2 of 37 |
Communities With the Most Listings
| Community | Listings | Median asking price |
|---|---|---|
| Isle of Normandy Miami Vi | 5 | $1,389,000 |
| Ocean Beach Addn | 4 | $4,400,000 |
| Biscayne Bch Sub | 3 | $1,250,000 |
| Altos Del Mar | 2 | $4,550,000 |
| Garden Sub Amd Pl | 2 | $5,672,500 |
| Lincoln Sub | 2 | $3,450,000 |
By Asking Price
- Under $1,750,000: 13 listings
- $1,750,000 to $3,000,000: 12 listings
- $3,000,000 and up: 12 listings
Counted from the listings on this page, BeachesMLS, as of November 8, 2026. Asking prices, not sale prices. Not an appraisal.
Miami Beach Investment & Multifamily Properties: Questions Buyers Ask
- How much do investment & multifamily properties cost in Miami Beach?
- The 37 investment & multifamily properties for sale in Miami Beach on this page ask from $950,000 to $8,995,000, a median of $2,350,000 or about $507 per square foot, from BeachesMLS listings as of November 8, 2026. 13 are under $1,750,000, 12 are between $1,750,000 and $3,000,000 and 12 are at $3,000,000 and up. Asking prices are not sale prices: the Miami Beach housing market report shows what homes closed for.
- How many investment & multifamily properties are for sale in Miami Beach right now?
- 37 investment & multifamily properties are listed for sale in Miami Beach as of November 8, 2026, and the typical one has been on the market 152 days; 17 of them have cut the asking price since listing. The list refreshes from the MLS through the day, and the alert on this page sends each new one the day it lists.
- Which Miami Beach communities have investment & multifamily properties for sale?
- Isle of Normandy Miami Vi (5, median $1,389,000), Ocean Beach Addn (4, median $4,400,000), Biscayne Bch Sub (3, median $1,250,000), Altos Del Mar (2, median $4,550,000), Garden Sub Amd Pl (2, median $5,672,500) and Lincoln Sub (2, median $3,450,000) hold the most investment & multifamily properties for sale in Miami Beach today. The rest are spread across 9 more communities.
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.
Before You Buy: The Guides
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 |
|---|---|---|---|---|---|---|---|---|
| 7751 Hawthorne Avenue (reduced from $2,300,000) | $2,275,000 | 4 | $568,750 | — | — | $12,000 | — | 17 days |
| 730 84th Street | $1,250,000 | 4 | $312,500 | $7,100 gross | — | $14,797 | — | 201 days |
| 3909 Garden Avenue | $2,699,000 | 4 | $674,750 | $12,000 gross | — | $21,740 | — | 56 days |
| 560 Michigan Avenue | $5,600,000 | 2 | $2,800,000 | $19,858 gross | — | $61,192 | — | 43 days |
| 7610 Dickens Avenue | $1,600,000 | 4 | $400,000 | $6,320 gross | — | $17,018 | — | 46 days |
| 1321 15th | $3,985,000 | 3 | $1,328,333 | — | — | — | — | 67 days |
| 726 8th Street | $1,349,000 | 4 | $337,250 | $5,350 gross | — | $16,692 | — | 67 days |
| 3921 N Meridian Avenue | $8,995,000 | 4 | $2,248,750 | $18,060 gross | — | $31,784 | — | 70 days |
| 625 MICHIGAN Avenue | $2,200,000 | 6 | $366,667 | $45,960 gross | — | $24,454 | — | 74 days |
| 734 Michigan Avenue | $2,940,000 | 2 | $1,470,000 | $118,084 net | 4% | $22,375 | $1,114 | 156 days |
| 1170 71ST Street (reduced from $1,299,000) | $1,275,000 | 4 | $318,750 | — | — | $16,943 | — | 78 days |
| 1460 E West Avenue | $1,791,000 | 3 | $597,000 | $6,875 gross | — | $9,027 | — | 162 days |
| 1794 Normandy Drive (reduced from $1,375,000) | $1,350,000 | 4 | $337,500 | $6,400 gross | — | $15,500 | — | 87 days |
| 1784 Normandy Drive (reduced from $1,375,000) | $1,350,000 | 4 | $337,500 | $6,400 gross | — | $15,500 | — | 87 days |
| 1508 Meridian Avenue | $1,200,000 | 4 | $300,000 | $91,200 gross | — | $13,398 | $1,390 | 176 days |
| 1508 Meridian Avenue | $1,200,000 | 4 | $300,000 | — | — | $13,398 | $1,390 | 176 days |
| 759 Meridian | $1,890,000 | 5 | $378,000 | — | — | — | — | 92 days |
| 1765 Normandy Drive | $1,389,000 | 4 | $347,250 | $104,000 gross | — | $15,491 | — | 93 days |
| 560 Michigan Avenue (reduced from $5,800,000) | $5,600,000 | 2 | $2,800,000 | — | — | — | — | 109 days |
| MLS A12050798 (reduced from $1,075,000) | $1,025,000 | 2 | $512,500 | $5,200 gross | — | $11,718 | — | 120 days |
| 5445 Collins Avenue | $2,400,000 | 4 | $600,000 | $400 gross | — | $35,903 | $5,235 | 136 days |
| 1980 Biarritz Drive (reduced from $1,680,000) | $1,549,000 | 3 | $516,333 | $81,992 net | 5.3% | $19,343 | — | 140 days |
| 2120 Biarritz Drive (reduced from $1,900,000) | $1,700,000 | 4 | $425,000 | $80,400 net | 4.7% | $18,497 | — | 141 days |
| 815 W 39 | $2,350,000 | 4 | $587,500 | $149,400 gross | — | $26,623 | — | 152 days |
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