Premier Brokers International
632 15th Street, Miami Beach, FL 33139
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A11940926
$2,650,000

632 15th Street, Miami Beach, FL 33139

Beds
—
Baths
0
Sqft
5,939
Est. payment$17,825/mo
Home type
Quadruplex
Year built
1930
Lot size
—
Price / sqft
$446
HOA
$0/mo
Community
LINCOLN SUB

Property description

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.

Listing activity

Days on market
283
Listed
Jan 12, 2026
MLS listing updated
Sep 10, 2026
Feed last checked
5 minutes ago

Listed by Jordan Lederman · Fortune International Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0

Rooms & features

Flooring
Tile, Wood

Heating & cooling

Heating
Separate Meters, Electric
Cooling
Central Air
Property

Exterior

Stories
2
Building area
5,939 sqft
Pool
No
Waterfront property
No

Lot

Zoning
3900
Construction

Type & style

Home type
Quadruplex
Structure type
Multi Family
Year built
1930
New construction
No

Materials

Construction
Block
Roof
Other
Property condition
Updated/Remodeled, Resale
Utilities & green energy

Utilities

Sewer
Public Sewer
Utilities
Cable Available
Community & HOA

Community

Subdivision
LINCOLN SUB
MLS area
2320

Association

Has association
No
Estimated monthly dues
$0
Lease details

Not reported by the listing source.

Location

Area details

City
Miami Beach
County
Miami-Dade
ZIP code
33139
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A11940926
Possession
Close Of Escrow, Negotiable
Original list price
$3,000,000
Parcel number
0232340021890
Annual property tax
$32,992
Tax year
2025
Tax 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
Additional MLS details

Reported by the listing source

Association
No
Bathrooms Total Decimal
0
Bathrooms Total Integer
0
Building Area Total
5939
Construction Materials
Block
County Or Parish
Miami-Dade
Days On Market
283
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach
List Price
2650000
Listing Contract Date
2026-01-12
Living Area
5939
MLSArea Major
2320
Mls Status
Active
On Market Date
2026-01-12
Photos Count
30
Postal Code
33139
Price Change Timestamp
2026-03-27T19:34:37Z
Property Sub Type
Quadruplex
Property Type
Residential Income
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-01-12T16:56:10Z
Stories Total
2
Subdivision Name
LINCOLN SUB
Tax Annual Amount
32992
Pool Private
No
Waterfront
No

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Jan 12, 2026ListedMIAMI REALTORS® MLS$3,000,000$505/sqft
Mar 27, 2026Price reducedMIAMI REALTORS® MLS$2,650,000$446/sqft

Public tax history

YearProperty taxesAssessment
2025$32,992—

Payment calculator

Estimated monthly payment$17,825/moIllustrative estimate, not a loan offer.
Principal & interest
$13,750
Property taxes
$2,749
Insurance
$1,325
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

LINCOLN SUB

Miami Beach · Miami-Dade County · 33139

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Miami Beach Fienberg / Fisher K-8Elementary
—
Miami BeachHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Fortune International Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.