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$2,650,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • Updated 3 days ago

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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.

Full Property Details for 632 15th

General

  • Price: $2,650,000
  • Taxes: $32,992 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Martin_County
  • MLS ID: A11940926
  • Updated: 9/4/2026
  • Added to Site: 238 day(s) ago

Interior

  • Flooring: Wood

Parking

  • Covered Spaces: 2
  • Total Spaces: 2

Location

  • Area: 2320
  • County: Miami-Dade
  • Subdivision: LINCOLN SUB

Community

  • Community Name: 2320
  • Assoc. Fees Include: Other

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Sewer Available

Structural Information

  • Construction: Block, Concrete
  • Roof: Other
  • Stories/Levels: 2
  • Square Feet: 5,939
  • Living Area: 5,939 Sq. Ft.
  • Year Built: 1930
  • Property Condition: Resale

Lot Features

  • Zoning: 3900

Financial Considerations

  • Tax Amount: $32,992
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: LINCOLN SUB PB 9-69 LOT 4 BLK 73 LOT SIZE 60.000 X 100 OR 17978-1222 0198 1 COC 25716-0601 06 2007 5
  • Property ID: 02-32-34-002-1890

Listed by Fortune International Realty and Fortune Christie's International Real Estate

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Listing agents

— 632 15th —

  • Fortune International Realty

  • Fortune Christie's International Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 632 15th

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.2 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-81.9 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 632 15th Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/12/2026
Listed
$2,650,000
6%
MLS
9/01/2021
Sold
$2,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 632 15th

Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,665
-4%
$1,794,520
-13%
2024
$35,140
—
$2,050,989
—
2023
$35,291
17%
$2,050,989
28%
2022
$30,180
30%
$1,606,221
11%
2021
$23,304
—
$1,447,360
10%
2021
$23,304
-9%
$1,321,000
—
2019
$25,599
-18%
$1,321,000
-21%
2018
$31,392
20%
$1,669,407
—
2017
$26,071
3%
$1,674,594
55%
2016
$25,292
29%
$1,083,353
10%
2015
$19,670
8%
$984,867
10%
2014
$18,191
-11%
$895,334
-11%
2013
$20,401
—
$1,003,157
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 632 15th

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Fortune International Realty and Fortune Christie's International Real Estate

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632 15th, Miami Beach, FL 33139 (MLS# A11940926) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 632 15th is currently listed for $2,650,000 and was received on January 12, 2026. Want to learn more about 632 15th? Do you have questions about finding other Multi-Family real estate for sale in Flamingo-Lummus? You can browse all Flamingo-Lummus real estate or contact a Coldwell Banker agent to request more information.

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